by Mitch Kokai
Senior Political Analyst, John Locke Foundation
You might be shocked to learn that the world still exists and the economy thrives with Donald Trump in the White House. The news certainly shocks some pundits who predicted doom and gloom during Trump’s presidential bid. Charles Gasparino recalls their predictions in a New York Post column.
The economy is strong, unemployment is low and wages are rising, according to the latest economic data released Friday, which is in stark contrast to what the vast majority of elite economic opinion predicted just a few years ago from a Trump presidency.
The latest unemployment report has joblessness at 3.6 percent. Where is the Trump Armageddon Squad now?
What’s even more egregious is that the same folks predicting the end of the world refuse to provide sane analysis of radical proposals dribbling out of the mouths of the Democrats. They report on Medicare-for-All, the Green New Deal and college debt forgiveness as if these cockamamie ideas will have no impact on the economy. …
… Cutting taxes on individuals and businesses often propels economic growth because people — not inefficient governments — make the best decisions about where to allocate capital. And I said as much on these pages both before and after Trumps presidency.
Not so for many of my fellow pundits. For example, if you relied on the Washington Post just a month before Election Day 2016, you would think the economy was on the brink of disaster. “A President Trump Could Destroy the World,” screamed one headline from its editorial page, which predicted economic collapse because of Trump’s nationalist trade policies, ignoring, of course, he was proposing one of the largest fiscal stimulus’ in years though his tax plan and deregulation.