Among Donald Trump’s stump sound bites is that the national unemployment rate is far, far higher than the official rate of 4.9 percent. He is not alone in making such claims. Both former Texas Governor Rick Perry, who dropped out of the presidential race last year, and retired surgeon Ben Carson have repeated this claim during this election cycle. Its origin dates back to the 2012 election when many Republicans believed that Barack Obama had ordered the Bureau of Labor Statistics to report a much lower unemployment rate in October, just before the election, than seemed plausible. It also feeds into a growing distrust for government statistical data that parallels a denial of scientific facts such as climate change.
This is like turkeys voting for Christmas. Can we really expect the elite like Trump or Romney, who pay disproportionally less taxes than the average guy to change the tax system […]
Corporate profits are way up, and corporate taxes are way down. In 1952, corporate profits were 5.5 percent of the economy, and corporate taxes were 5.9 percent. Today, corporate profits are […]
We don’t think this is likely: Previous experience hasn’t shown it The Reagan revolution is overhyped, growth didn’t accelerate whilst inequality rose Today’s conditions are even less conducive, corporate tax […]
Bruce Bartlett, the guy who actually designed the Reagan tax cuts, cuts through the nonsense and neatly sums up why they aren’t likely to produce any economic boom. See: Why are […]