The Beltway press corps seems incapable of acknowledging that the health of the U.S. economy is more important than President Trump’s tweets about the health of the economy.
However President Trump describes it, there’s no denying the good news, James Freeman reminds readers in the WSJ.
Business creation reaches the highest level ever recorded in the United States.
This week journalists have been having fun pretending that the biggest story in economics is the President incorrectly tweeting that the rate of economic growth is higher than the unemployment rate for the first time in more than a century.
In fact it’s only the first time since 2006. And it is very good news.
As the WSJ’s Kimberley Strassel Tweets:
One amusing aspect of the flap over Trump’s comments about the last time GDP was higher than the unemployment rate:
Whether it is 12 years or 100 years, it never happened under Obama.