Source: The Daily Economy
by Donald J Boudreaux
“In his State of the Union address earlier this year, President Trump boasted that ‘one of the primary reasons for our country’s stunning economic turnaround, the biggest in history, where the Dow Jones broke 50,000, four years ahead of schedule, and the S&P hit 7000 where it wasn’t supposed to do it for many years, were tariffs.’ The facts tell a different story. First, because there is no schedule for stock-market gains, it is meaningless to say that the Dow Jones or S&P 500 rose ‘ahead of schedule.’ The reality is that the US economy during the first year of President Trump’s second term simply did not perform a ‘turnaround,’ much less one that could be ranked as ‘the biggest in history.'” (06/12/25)