From Draft Executive Order dated 1/23/2017:
…DHS and State Department to establish new standards and regulations for determining when aliens will become subject to the “public charge” grounds of inadmissibility and deportability (i.e., their likelihood of requiring public assistance after being admitted into the United States);
Today, we are fortunate to have a guest post written by Kadee Russ, Associate Professor of Economics at University of California, Davis, and formerly Senior Economist for International Trade, Council of Economic Advisers.
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The Bureau of Economic Analysis announced yesterday that U.S. real GDP grew at a 1.9% annual rate in the fourth quarter, well below the historical average of 3.1% per year, but close to the 2.1% average since the recovery from the Great Recession began in 2009:Q3.
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From the Trump-Pence website:
DONALD J. TRUMP’S VISION
…
Boost growth to 3.5 percent per year on average, with the potential to reach a 4 percent growth rate.
If “alternative facts” are here, how far behind can “alternative statistics” be?
From Politico:
Federal agencies are clamping down on public information and social media in the early days of Donald Trump’s presidency, limiting employees’ ability to issue news releases, tweet, make policy pronouncements or otherwise communicate with the outside world, according to memos and sources from multiple agencies.
In an EconoFact post from Saturday, Michael Klein and I noted that usually for the US, the trade deficit grows during times of robust economic growth.
Expect prolific and extensive citation of “alternative facts” going forward:
Source: Search term: “alternative facts”, Google Trends accessed 8:17 PM CST 1/22/2017.
EconoFact is a non-partisan publication, online starting today, designed to bring key facts and incisive analysis to the national debate on economic and social policies. It is written by leading academic economists from across the country who belong to the EconoFact Network, and published by the Edward R. Murrow Center for a Digital World at The Fletcher School at Tufts University. The co-editors are Michael Klein and Edward Schumacher-Matos.
Source: NYT.
Today we are pleased to present a guest contribution written by James Kwak, professor at the University of Connecticut School of Law. He is the author of Economism: Bad Economics and the Rise of Inequality, and contributor to The Baseline Scenario.