Economic sugar high

Marc Thiessen is at it again, giving President Trump credit for President Obama’s economic improvements (“Biden’s electability is a myth,” July 14). Thiessen refuses to recognize the economic turnaround started in Obama’s second year.

Within two years, however, Thiessen and other Trumplicans will blame Democrats for the recession that President Trump created. The sham “greatest economy in our history” is nothing but a spending sugar-high created by throwing borrowed money into the economy.

Trump’s disastrous 2017 tax make-over added $2 trillion to the national debt, creating a record high debt of $22 trillion. Meaning, precisely, that it spurred the economy with money borrowed from the future. Windfall tax savings gave corporations record earnings, causing the stock market to hit record highs.

Since then Republicans have paid scant attention to the debt and deficit. Trump’s chief of staff Mick Mulvaney literally said, “Nobody cares.” But the U.S. debt is mounting and according to Treasury Secretary Steve Mnuchin the government will be broke before October.

What happens then? Will Republicans finally realize trickle-down economics doesn’t work? Nope, they’ll just push the burden onto the working classes.

Paul Oman

Clarkston, Idaho