We’ve shown conclusively that most all the economists’ predictions last year of slow growth and doom and gloom could hardly have been more erroneous.
But economist Alan Blinder, who writes a weekly column for the Wall Street Journal, can’t even get the facts straight AFTER the fact. Last week, he wrote a column claiming Biden’s economic performance beats Trump’s. Steve Moore’s Letter to the Editor today in the WSJ takes Blinder to task.
Here’s an excerpt:
Mr. Blinder attacks Mr. Trump on the Federal Reserve, while describing Joe Biden’s monetary policy as “excellent” because “he left the Fed alone.”
How did that work out? Inflation soared to 9.1% after Biden’s first year—the highest price rise since Jimmy Carter was in office. The Biden four year total price rise of 21% was the root cause of today’s middle class affordability crisis. In Mr. Trump’s first year inflation was 2.7%, and that number is coming down.
This chart compares the two presidents on controlling inflation. You decide whose policy was “excellent.”


