Morning Reads – August 22, 2019

Just two days ago I commented that the deep state had reduced the estimate of GDP. They’re doing it again, yesterday revising down the chosen one’s new job numbers for the year ending March 2019 by 500,000. https://www.nytimes.com/2019/08/21/business/economy/jobs-growth-revision.html

There’s a graphic showing new job numbers on a slow general path down from the end of the Obama Presidency in 2016 through March 2019. It’s what Republicans call improvement relative to Obama.

The CBO yesterday also revised its budget deficit projections. Who knew the tax cut wouldn’t pay for itself, and that borrowing money from the Chinese pay the tariffs on Chinese products would cause it to be revised upward? http://www.crfb.org/papers/analysis-cbos-updated-budget-and-economic-outlook-august-2019

It too has a own graphic; an S-curve of a decreasing rate of deficit increase through the Obama Presidency with an inflection point when Trump took office where it has resumed increasing in a slightly exponential manner