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Saturday, September 10, 2016

Trump is right about the ‘false economy’

Bull’s-eye! That’s my reaction to Donald Trump’s charge — made to reporters on Labor Day — that the economic recovery Hillary Clinton and President Obama have been boasting about is a “false economy.”

The Donald did this when he welcomed reporters onto his campaign jetliner. He accused the Federal Reserve of, as Reuters put it, “keeping interest rates low to help President Barack Obama.”

“They’re keeping the rates down so that everything else doesn’t go down.” By “everything else,” he was referring to the stock market, the Obama housing bubble and even the employment rate. “We have a very false economy,” he said.

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