Krugman says the Trump Administration is wrong to expect economic growth in the range of 3 to 3.5 percent a year. We look at Krugman's analysis of what does and doesn't cause economic growth -- and why he thought it was reasonable to expect 3 percent growth a year under Obama, which never happened in any year.
You know the drill: Krugman says Republicans--including but not limited to Donald Trump--are blithering idiots who are actually proud of their ignorance. There are plenty of right-wingers we dislike too, but as usual Krugman's claims are utterly biased. We remember some of President Obama's "greatest hits" when it comes to diplomatic gaffes and botched policy execution.
In this episode we talk tariffs, taxes in general, and whether business can really "pass on" a tax to consumers.
Donald Trump was elected in part to keep manufacturing jobs in the United States and reversing that sector's decline. Krugman says his program will do the exact opposite.