There’s a good editorial in today’s NYT on Trump’s hyper-negative take on the economy versus what’s going on in the actual economy.
I made similar points in yesterday’s Daily News, bemoaning the extent to which facts are on the run in this election cycle.
[BTW, a small fact check between these two pieces: according the BLS data I’m looking at, the last time average hourly wages were up as much as last month’s 2.8% was June ’09, not 2008. Though now that I think of it, the NYT may just mean you have to go back to 2008 for the last time you saw an increase of that magnitude in Oct (a weird way to look at it, IMHO).]
Here’s an analogy. Think of the US economy as a patient in the hospital still recovering from a terrible illness that befell her at the end of the last decade. She’s very much on the mend, though not all better by a long shot. But she’s up and around, and the treatment, while too slow acting, is demonstrably effective.
Then, this…um…unorthodox surgeon named Trump comes in and declares that, far from recovering, the patient is sicker than ever. The treating physicians show him the medical data, all of which support their diagnosis of improvement, but he doesn’t even look at it. He declares that she must go back into the operating room, where he will remove her liver, replace her brain, and switch her left arm with her right arm.
The medical staff quakes in horror. Sure, they say, we should be thinking hard about ways to speed her recovery. After all, she’s been healing for an awfully long time and still isn’t all better. But to ignore her vital signs and radically intervene would be malpractice!
Have a nice weekend…