Send a Tweet
Most Popular Choices
Poll Analyses
Share on Facebook 10 Share on Twitter 1 Printer Friendly Page More Sharing
Best Web OpEds    H4'ed 8/2/19

Why Was Trumponomics a Flop?; By Paul Krugman

Author 40790
Follow Me on Twitter     Message Susan Lee Schwartz
Become a Fan
  (23 fans)

 According to Jay Powell, the Fed’s chairman, the goal was to take out some insurance against worrying hints of a future slowdown — in particular, weakness in business investment, which fell in the most recent quarter, and manufacturing, which has been declining since the beginning of the year. Powell couldn’t say in so many words that Trumponomics has been a big flop, but that was the subtext of his remarks. Trump’s frantic efforts to bully the Fed into bigger cuts are an implicit admission. To be fair, the economy remains pretty strong, given the G.O.P.’s willingness to run huge budget deficits. As I wrote three days after the 2016 election:“It’s at least possible that bigger budget deficits will, if anything, strengthen the economy briefly.” And that’swhat happened: There was a bit of a bump in 2018, but at this point we’ve basically returned to pre-Trump rates of growth.'

Read the rest of the story HERE:

At www.nytimes.com

 

Rate It | View Ratings

Susan Lee Schwartz Social Media Pages: Facebook Page       Twitter Page       Linked In Page       Instagram Page

I began teaching in 1963,; Ba and BS in Education -Brooklyn College. I have the equivalent of 2 additional Master's, mainly in Literacy Studies and Graphic Design. I was the only seventh grade teacher of English from 1990 -1999 at East Side (more...)
 

Related Topic(s): ; ; ; , Add Tags
Go To Commenting
The views expressed herein are the sole responsibility of the author and do not necessarily reflect those of this website or its editors.
Follow Me on Twitter     Writers Guidelines
Contact AuthorContact Author Contact EditorContact Editor Author PageView Authors' Articles
Support OpEdNews

OpEdNews depends upon can't survive without your help.

If you value this article and the work of OpEdNews, please either Donate or Purchase a premium membership.

STAY IN THE KNOW
If you've enjoyed this, sign up for our daily or weekly newsletter to get lots of great progressive content.
Daily Weekly     OpEdNews Newsletter
Name
Email
   (Opens new browser window)
 

To View Comments or Join the Conversation: