Many “experts” expected, predicted and warned of instant economic disaster under a Donald Trump presidency. But a funny thing happened on our way to economic oblivion. The economy took off.
Former President Barack Obama presided over the worst economic recovery since 1949. He became the first president to preside over a recovery without at least one year of gross domestic product growth at 3 percent or better. Last year, under President Trump, the economy hit 3 percent GDP growth. And despite the predictions of an economic slowdown at the beginning of this year, the economy, according to the advance estimate by the Bureau of Economic Analysis, showed a healthy 3.2 percent GDP growth the first quarter.
Economist Paul Krugman, with his column in The New York Times and appearances on cable, is one of the nation’s most widely read and influential economists. How wrong was Krugman? He predicted Trump would cause a “recession.” Just hours after the 2016 presidential election, he called Trump “the mother of all adverse effects.” Krugman wrote:
“The disaster for America and the world has so many aspects that the
