Free Republic

It’s hard to overstate just how good recent economic numbers have been. On Friday, we learned that job growth is still solid while unemployment remains historically low. I think it’s safe to say that Donald Trump’s 2020 prediction that a Joe Biden presidency would mean a “depression” — a claim he’s now repeating by predicting a “great depression” if Kamala Harris wins — didn’t come true. A week earlier we learned that inflation has continued to decline and is now more or less at the Federal Reserve’s target of 2 percent. This success has defied the view, held by many...

New York Times economics columnist Paul Krugman has spilled much ink over the last year fawning over President Joe Biden's blazing jobs market, and now here comes the boomerang. In light of the latest bad news that the government vastly overestimated job growth — by a whopping 818,000 jobs — Krugman the blowhard lost all his air. That 818,000 figure is equal to about 30 percent of the jobs growth for the 12-month period ending in March 2024 and represents the largest revision in 15 years. Yet Krugman, during that twelve-month period, was caught up in his own self-medicated political...

Supporters of former President Donald Trump cite his economic record as a reason to vote for him, but that's a bit puzzling. Why it matters: Trump's economic record is only good if you leave off what happened from March 2020 to the end of his administration. Zoom in: When the pandemic hit, the jobless rate soared to a record 14.8% — a level not seen since the Great Depression. The rate did come down a bit after that, but when Trump left office there were fewer jobs in the country than when he got there — the first time that's...