House Minority Leader Kevin McCarthy (R-CA) proved he doesn’t know much about the country’s recent economic history in a single tweet.
Can you even imagine what a socialist democrat president would do to the booming economy that President Trump and Republican policies have helped build?
— Kevin McCarthy (@GOPLeader) February 8, 2020
McCarthy seems to have forgotten that it is has been Republican presidents at the helm when the last 10 recessions hit. A fact Twitter was quick to point out:
Nine of the last ten U.S. recessions began with a Republican President.
Good time for you to, I don’t know, shut up.
— JRehling (@JRehling) February 9, 2020
Besides the sorely needed history lesson, McCarthy is also just wrong.
He is crediting Trump with the growth of the economy, which, according to New York Times, was “set in motion by Mr. Obama’s extraordinary economic interventions early in his presidency.”
Republican framing has always been unreliable. Back in 2014, a GOP congressman called Obama a “socialist dictator,” but now, people like McCarthy are happy to give credit to Trump for Obama’s robust economy.
“I can say that the economy was in fine shape at the end of the Obama administration, despite what President Trump sometimes asserts,” said N. Gregory Mankiw.
McCarthy will most likely be proved wrong by 2021 which is when more than 1/3 of business economists expect the U.S. to enter a recession.