Washington Post’s Waldman Explains How Donald Trump And Conservatives Spread Misinformation About The US Economy
Paul Waldman: Between Republicans And Democrats’ Visions Of The Economy, "Only One Is Based In Reality"
Blog ››› ››› JARED HOLT
The Washington Post’s Paul Waldman described how GOP front-runner Donald Trump and conservatives are spreading misinformation about the economy to downplay economic success made during the Obama administration. Trump’s misinformation has been fueled and perpetuated by right-wing media outlets like Fox News.
In an April 28 op-ed, Washington Post opinion blogger, Paul Waldman explained how Republicans are misleading about the health of the economy while dishonestly ignoring positive economic trends. Waldman specifically highlighted Donald Trump’s misinformation and how it drastically contrasted with reality:
Here’s Donald Trump’s economic story:
The economy is an absolute nightmare. Americans are living in such misery that they’re practically eating their own shoes in order to survive. If we cut taxes on the wealthy, reduce regulations on corporations, renegotiate trade agreements, and deport all illegal immigrants, then our economy will be spectacular and working people will experience American greatness again.
Trump’s story is the same one other Republicans tell, with the addition of the idea that “bad deals” on trade have had a crippling effect on the country. For the moment we’ll put aside the merits of Trump’s claim that imposing enormous tariffs on Chinese goods will cause all those jobs sewing clothing and assembling electronics to come pouring into the United States, but the political question around Trump’s story is whether people will believe his over-the-top description of both what’s happening now and the transformation he will be able to produce.
Today, the objective reality is a lot closer to the way Democrats describe it, in large part because they aren’t offering an extreme version of their truth. If Obama and Clinton were more rhetorically similar to Donald Trump, they’d be saying that this is the greatest economy in the history of human civilization, everybody has a terrific job, and there’s so much prosperity that the only question any American has is whether to spend their money on everything they could ever want or just roll around in it like Scrooge McDuck.
But they aren’t saying that. Instead, they’re attempting the tricky balancing act of emphasizing the progress Obama has made while acknowledging the long-term weaknesses in the economy. Both of those things are real. Since the bottom of the Great Recession early in Obama’s first term, the economy has added 14 million jobs, and unemployment is now at 5 percent. On the other hand, income growth has been concentrated at the top and Americans still feel uncertain about their economic futures.
Donald Trump has chosen to pretend that the good things about the American economy don’t exist, and weave a laughable fantasy about what his policies will produce (“I will be the greatest jobs president that God ever created”).