Source: Paul Krugman
by Paul Krugman
“Many people have complained about New York Times headlines, with reason. All too often an equivocating, sanewashing headline belies the excellent reporting that follows. But yesterday the Times got it right about the first-quarter decline in GDP: ‘Trump boasts about the economy, but says weak data is Biden’s problem.’ There will be much more of this as the data get worse, which they will. (I’m going to keep treating ‘data’ as plural unless it refers to a Starfleet commander.) In fact, I worry a lot about Trump putting pressure on the statistical agencies to report better numbers. He has already said that reports of rising prices are ‘fake news.’ For now, however, it’s important to be clear that the bad news is all on Trump’s head, and we mustn’t let him get away with claiming otherwise.” (05/01/25)