Trump Gets California Badly Wrong

Trump Gets California Badly Wrong – OpEd

Donald Trump seems very confused about the state of California’s economic health. He gave a press conference Friday in which he implied that California’s economy was collapsing. This is not true. California has a considerably higher per capita income than the rest of the country. It’s currentlyranked5th. Its economy is also growing considerably more rapidly than the rest of the country. Since the first quarter of 2018, its economy grew 17.0 percent compared to 13.5 percent for the country as a whole. Source: Bureau of Economic Analysis. In fact, this comparison understates the gap somewhat. California accounts for more than 10 percent of the U.S. economy, which means that the U.S. economy outside of California grew by just a bit more than 13.0 percent over this period. Of course, growth is not the only thing, but it is an important metric. And by most other measures, California is doing better than the average state in the country. It does have a serious shortage of housing due largely to zoning issues. Its Democratic governor is trying to address this problem and Vice-President Harris has as well, during her presidency. It doesn’t seem as though Donald Trump has noticed. I guess it is unreasonable to expect a reality TV show star like Donald Trump to know about economics. This article first appeared on Dean Baker’s Beat the Press blog.

Rubriques :

Trump Gets California Badly Wrong – OpEd

Articles similaires

'Under attack’: Gavin Newsom preps to protect California from Trump

Why Kamala Harris Lost and How Donald Trump Won: A Deep Analysis of the 2024 US Election(OPINION)

Central Asian Economies Are Booming As Region Builds On Energy, Infrastructure, And Sanctions-Driven Trade – OpEd

Trump will soon be back in the White House thanks to the economic concerns of voters

Trump Media outsourced jobs to Mexico as Trump pushed 'America First'

How a Trump Win Could Transform Global Reforms Worldwide

Trump And The GOP Feeling It: Can They Win The Trifecta? – OpEd

Harris and Trump: Essential Points to Secure Presidential Win

Putin wanted the positive trends in the Russian economy to be reinforced 14:19

Trump Wins US Presidential Election

Les derniers communiqués