The Trump Economy: Fake News

Trump is bragging about the economy and how good it is.  He points to job growth and unemployment statistics.  But what disturbs me is that no one seems to be talking about established macroeconomic facts.

It takes a year and a half for new economic policy to see results in the economy.  That means what we are seeing in the American economy is not the result of Trump–it is the result of Obama’s economic policies.  Furthermore, Trump has not instituted any macro-economic policies.  So he hasn’t done anything for the economy.

It is true that the stock market is reacting favourably to Trump.  But the stock market does not affect the economy.  It only favours investors, not workers.

Trump’s bragging about the economy is fake news.  The credit goes to Obama.

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