, 4 tweets, 2 min read
Everyone is obsessed with treason/impeachment, understandably. So am I! But probably worth taking some time to remember that Trump's one and only major legislative achievement, the 2017 tax cut, was a bust 1/
The rationale for that tax cut, mainly focused on businesses, was that it was supposed to lead to a huge surge in investment. Seemingly respectable conservative economists bought into it, bigly 2/ wsj.com/articles/how-t…
The reality is that to a first approximation, the tax cut did nothing whatsoever to boost investment. We all make bad calls; but have any of the Trump boosters admitted error and asked why they were so wrong? 3/
Since someone will raise it: it took me all of three days to retract my election night bad call and berate myself for motivated reasoning. These guys have had two years ... 4/ krugman.blogs.nytimes.com/2016/11/11/the…
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