For John, BLUF: Why would I believe what former Vice President Joe Biden says about our economy? Getting it wrong is right up his alley. Nothing to see here; just move along.
From The Washinton Times, by Reporter Alex Swoyer, 9 June 2020.
Here is the lede plus one:
Former Vice President Joseph R. Biden said Tuesday President Trump has “squandered” the economic expansion created during the Obama-Biden administration, causing an economic recession.The presumptive Democratic presidential nominee’s comment came after the National Bureau of Economic Research’s Business Cycle Dating Committee noted the U.S. economy peaked in February and has hit a downturn.
I guess. If you think the improving economy was all the result of actions taken before January 2017. And President Trump has just been a drag on that economy. But, I don't think so.
This view works if you don't think that the elimination of restrictive regulations had any impact on the economy. My view is that a President Biden would not help the economy. To quote Nobel Prize Winning Economist and New York Times columnist Paul Krugman:
If the question is when markets will recover, a first-pass answer is never.
Hat tip to the InstaPundit.
Regards — Cliff
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