Project Syndicate: Donald Trump deserves some credit for economy’s strength

STANFORD, Calif. (Project Syndicate) — President Donald Trump claims credit for “the greatest ever” economy, and constantly contrasts economic conditions today with the historically weak recovery under President Barack Obama. With growth this year over 3%, unemployment at 3.7%, and more job openings than unemployed people, the economy has greatly improved on Trump’s watch. The macroeconomic indicators are the best in decades.

Although President Donald Trump is prone to hyperbole, he is not wrong to tout the strength of the U.S. economy on his watch. But while Trump’s regulatory and tax policies have been good for growth, his efforts to attach his name to the economy all but ensure that he will bear the blame in the event of a downturn.

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