Trump’s Don’t-Blame-Me Calculus
President Trump may not be an expert in economics, but he is certainly an avid student. He has taken to the social media platform with a passion rarely seen in other modern presidents.
When it comes to explaining his administration’s policies, he has no shortage of data to support his decisions.
That was on full display on Thursday when the White House released the third-quarter economic report for the fiscal year which ended on Sept. 30.
But while the president has a rich knowledge of economic data, he also has a clear understanding of human nature. With an apparent disregard for the facts as he sees them, Trump has made it his practice to assign blame to other parties for economic issues, even if those other parties’ numbers don’t support his theories.
The current administration’s record-setting run has been marked by rapid growth in several key markets, but the president’s biggest economic successes may come from ignoring the evidence to his own advantage.
While critics have seized on the administration’s policies—reinventing the Department of Homeland Security by moving it offshore, slashing taxes, slashing regulations and expanding deregulation—the president’s strategy has been to ignore that all of that is occurring in America’s biggest growth market.
The White House says the tariffs are in place to protect America’s companies and our workers. Meanwhile, President Trump’s own economic growth team has repeatedly said that this run on the stock market, which has now reached new all-time highs, will not last long.
Meanwhile, the president’s economic growth team has repeatedly said that this run on the stock market, which has now reached new all-time highs, will not last long.
What’s the difference between a bubble and a recession anyway? One is based on a stock market bubble, while the other is based on a stock market recession