And the very next WaPo article I read has another example of the crumbling of a reputation, this time that of Larry Kudlow:
The U.S. economy has been growing close to 3 percent over the past year — a rate once thought impossible — and is on track to get even growthier in the second quarter. Business is booming as corporate spending on new capital equipment has surged in 2017 and 2018. Hiring and wages are rising, too. Household net worth has soared to an almost unimaginable level of $100 trillion.
Ummmm, no, it was never thought impossible. Here’s a chart from Trading Economics:
Clearly, 3% is good but neither great nor impossible.
Mr. Kudlow, I do hope you’re as rich as Trump likes to surround himself with, because I’m not sure anyone will wish to employ you after this.
