Friday, April 28, 2017

Slowdown

If it's good news, politicians claim credit. If not, they blame a predecessor.

   Economic growth faded to an annualized rate of just 0.7 percent in the first quarter of this year, according to a first estimate by the Commerce Department. The fourth quarter of 2016 posted a rate of 2.1 percent.
   Expect the Whine House to proclaim this as proof that the economy is a mess, and that "only I can fix it" to "make America great again."
   Reality check: The slowdown is happening on your watch, and the evidence was posted just as you mark the first hundred days of your presidency.
   Recent years saw steady -- albeit slow -- growth and recovery from the Great Recession.
   So now a slowdown is the other guy's fault?

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