White House Press Secretary Sarah Sanders hit NY Times economist Paul Krugman hard yesterday. Krugman predicted that President Trump’s election would result in a recession back in 2016. As we all know, the opposite came true and the American economy is hitting on all cylinders. More reputable economists credit Trump’s tax cuts alongside massive deregulation for the boon.
Sanders tweeted this out saying, “We’ve come a long way since Paul Krugman, writing in the New York Times after the election, said the Trump presidency would bring a “global recession, with no end in sight.”
We’ve come a long way since Paul Krugman, writing in the New York Times after the election, said the Trump presidency would bring a “global recession, with no end in sight”…https://t.co/IbZrhK4vZB
— Sarah Sanders (@PressSec) June 3, 2018
The White House often points to this prediction for a source of ridicule. Krugman’s analysis was based more on political ideology than any real economic trends. You can tell that from this statement in his article:
“Putting an irresponsible, ignorant man who takes his advice from all the wrong people in charge of the nation with the world’s most important economy would be very bad news. What makes it especially bad right now, however, is the fundamentally fragile state much of the world is still in, eight years after the great financial crisis.”
The article that Sanders highlighted came from the NY Times, of all places, and was titled “We Ran Out of Words To Describe How Good The Jobs Numbers Are.”