"It's uncivil war in the white house"
Greg Sheridan has written a piece in the Weekend Australian newspaper Sept.8-9 2018 entitled “It’s uncivil war in the White House”. In it he uses analysis of the White House under Donald Trump’s presidency from the New York Times anonymous opinion piece and Bob Woodwards book “Fear” to get the point across that things are not so great in the White House at the moment. His own opinion at one point is probably the most questionable of the piece. Mr. Sheridan claims that there have been achievements despite the chaos.
To quote, “these include the tax cuts and deregulation that have led to turbocharged economic growth and low unemployment rates”. Where is the study that proves this to be the case, or is it just a baseless, spurious claim. Take a lot at this analysis from actual economists at “The Conversation” https://theconversation.com/factcheck-have-the-trump-tax-cuts-led-to-lower-unemployment-and-higher-wages-101460 which pretty much says that the claim is not supported.
"However, it also seems that these macroeconomic indicators began to improve in mid-2016. This is particularly the case for GDP growth and unemployment. Therefore, the positive outlook for the US in the second quarter seems to be the continuation of a positive cyclical phase that started before the enactment of the corporate tax cuts. – Fabrizio Carmignani” and "Senator Cormann’s assertion that the growth in business investment and wages and the decline in unemployment observed in the US over the first half of this year can be attributed, either wholly or in part, to the Trump administration’s corporate tax cuts is not supported by the evidence."
How do we get from “no evidence” in the economists analysis to “turbocharged” in the Greg Sheridan piece. I have no idea what the answer is to my rhetorical question.
I have a fairly conservative approach to how much the economy is effected by political decisions. After much reading, over many years I’ve come to the conclusion that there is little difference to the economy whether the “right” side of politics is in power or the “left” is in power. Causation is hard to prove in all these cases.