Krugman: Trump’s Potemkin Economy

“Reflecting this reality, the tax cut is becoming less popular over time” reports Just to be clear, the U.S. economy is still doing quite well overall, continuing the long expansion that began during Obama’s first term.His tax cut isn’t producing the promised surge in business investment, let alone the promised wage gains; all it has really done is lead to a lot of stock buybacks.Those of us who thought the economy would be hurt by political uncertainty have been wrong so far.

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