NEW YORK, NY Jan. 27 (DPI) – New York Times finance writer Neil Irwin in a recent column came as close to admitting the value of Trump’s pro-growth economic policies of lower corporate taxes and business deregulation, which spurred full employment, low inflation – and economic conditions that helped minimize the impact of the pandemic.

Irwin focused on the absence of inflation during the Trump years – all the while the US was running record deficits in public spending.

For all the problems that President Trump’s disdain of elite expertise has caused over the last four years, his willingness to ignore economic orthodoxy in one crucial area has been vindicated, offering a lesson for the Biden years and beyond.
During Mr. Trump’s time in office, it has become clear that the United States economy can surpass what technocrats once thought were its limits: Specifically, the jobless rate can fall lower and government budget deficits can run higher than was once widely believed without setting off an inflationary spiral.

Readers, though, remained largely partisan in their comments, especially the most popular comments. The highest recommended:

Deficits only matter when a Democrat is president. Once Biden is sworn in the R’s will start again demanding budget cuts and screaming about social security and medicare.

The author does not investigate what jobs people held during this “great economy.” I suspect that had he done such an evaluation, he would find most of these low wage jobs with no benefits were being subsidized by government welfare programs. A low unemployment figure does not automatically equal a great economy. If the jobs are terrible then what have we gained?

I am so sick of economists who use outdated metrics to claim that the economy was in great shape before the pandemic. The number of households who were getting by on 2, 3 or even 4 low wage jobs was evidence of a *failing* economy. The rising homeless rates, that include employed individuals and whole families, is evidence of a failing economy. Any sentient “academic” would view the long lines of people waiting for food should as total indictment of the definition of “booming economy”. 40 years of stagnant then falling real wages are the true testament of the irrelevance of the metrics the author and his colleagues use. A significant segment of the US citizenry can not feed, clothe, or house themselves because the their lives are being directed by theories spun by people who do not have a clue.