GOP economic claims ignore ominous signs

Republican Party of Iowa Chairman Jeff Kaufmann says 'the Trump economy is almost too good to be true.” His party could certainly afford to get him subscriptions to the Wall Street Journal, Barron's, and Bloomberg News. All of these sources and more have been talking about things like inverted yield curves, rising consumer debt, the burgeoning federal deficit, the disastrous effects of Trump's trade wars (which no economists save Peter Navarro seem to like) on the nation's farmers, the failure of Trump's tax cut to stimulate new manufacturing, and his behind-the-scene strategies to weaken the dollar. All of these, and more, are harbingers of a potential recession.

But since Trump has nothing to run on other than his 'great economy,” it is little wonder that Kaufmann is desperate to boost those gaseous claims.

Jim Walters

Iowa City