Morning Jolt: Whodunit: The American Economy Edition

Making the click-through worthwhile: We dispel some fiction about the economy, give a quick rundown of the Omarosa news, and take a look at some worrisome higher-education trends.

Whose Numbers? Which Economy?

A political debate over which president deserves credit for the state of the economy has broken out. Last night, press secretary Sarah Huckabee Sanders asserted, incorrectly, that President Trump had tripled the number of jobs created for African Americans under Barack Obama; she later corrected herself on Twitter. But this has been a long-running debate among politicians and political advocates. Democrats downplay solid economic growth, controlled inflation, and record-low unemployment numbers, with the knowledge that last quarter's 4.1 percent GDP growth was driven by idiosyncratic trade factors and that other measures such as sluggish wage growth show the economy still has a ways to go. They argue that Obama deserves credit for the expansion which Trump is bound to muck up. Republicans accuse liberals of ignoring the reality that President Trump is presiding over a continuing, robust expansion. They also insist that he deserves credit for ...

August 15 2018

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Whodunit: The American Economy Edition

Theodore Kupfer

Making the click-through worthwhile: We dispel some fiction about the economy, give a quick rundown of the Omarosa news, and take a look at some worrisome higher-education trends.

Whose Numbers? Which Economy?

A political debate over which president deserves credit for the state of the economy has broken out. Last night, press secretary Sarah Huckabee Sanders asserted, incorrectly, that President Trump had tripled the number of jobs created for African Americans under Barack Obama; she later corrected herself on Twitter. But this has been a long-running debate among politicians and political advocates. Democrats downplay solid economic growth, controlled inflation, and record-low unemployment numbers, with the knowledge that last quarter's 4.1 percent GDP growth was driven by idiosyncratic trade factors and that other measures such as sluggish wage growth show the economy still has a ways to go. They argue that Obama deserves credit for the expansion which Trump is bound to muck up. Republicans accuse liberals of ignoring the reality that President Trump is presiding over a continuing, robust expansion. They also insist that he deserves credit for ... Read More

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