July 15, 2016
Certain business leaders and prominent conservatives have denounced Donald Trump’s economic policies and even argued that Hillary Clinton would be a better choice in November. This is hard to fathom. Although we disagree with him on some issues, we have both signed on as economic advisers to Mr. Trump because we are confident in the direction he would take the country.
What could possibly be the economic case for Mrs. Clinton? She has vowed to defend President Obama’s “legacy” and double down on job-killers like ObamaCare. Even Bill Clinton knows that the status quo hasn’t worked: In March he told a crowd that it is time to “put the awful legacy of the last eight years behind us.”
Since the end of the recession, economic growth has averaged an anemic 2.1%, producing the weakest “recovery” since the Great Depression. That has slowed to 1.4% in the last quarter of 2015 and 1.1% in the first quarter of 2016. The middle class is shrinking, and median household income today, in real terms, is lower than when Mr. Obama took office. By more than two to one, Americans believe the country is on the wrong track.
Read the full article at the Wall Street Journal: A Trump Economy Beats Clinton’s