When I read that the economy is growing strongly, it makes me happy.
But in politics, good news is not enough. You have to decide who gets credit for it.
President Ronald Reagan, no ordinary politician, kept a plaque on his desk that said, “There is no limit to what a man can do or where he can go if he does not mind who gets the credit.”
Nevertheless, a good deal of the discussion surrounding the news that the economy grew hugely in the second quarter this year—4.1 percent—has been about how much credit President Donald Trump deserves.
Paul Krugman, the very left-wing Nobel Prize-winning economist, for whom there is nothing Trump can do that is good for the American people, dismissed this great economic news in his New York Times column, calling it a “nothingburger.”