Monday, June 13, 2016

Decades Ago, Robert Kennedy Explained Something That Trump Still Doesn't Know About The Economy

Donald Trump is running on the erroneous belief that ending regulations, particularly environmental ones, is the key to faster economic growth. Sen. Robert F. Kennedy (D-NY), who was assassinated June 6, 1968, explained just how misguided that view was just weeks before he was killed.

U.S. economic growth has emerged as a major issue in the presidential campaign. Donald Trump has many untenable ideas, as the Washington Post explained in an April piece headlined, “There is math, there is fantasy math, and then there’s Donald Trump’s economic math.”

That article quoted an economist at the Tax Foundation (who helped model Trump’s tax plan) saying, “It’s not consistent with historical experience. It’s more consistent with a world where we’re hiring butlers for our vacation homes on Ganymede” [Jupiter’s largest moon].”

I wanted to zero in on one of Donald Trump’s fictional strategies for boosting economic growth: As he explained last month to CNBC, “we’re going to be getting rid of a tremendous amount of regulations.”...
http://thinkprogress.org/climate/2016/06/06/3785033/trump-economy-robert-kennedy/


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