Investor’s Business Daily takes media to task for rewriting economic history

Editors at Investor’s Business Daily attempt to correct the economic record mainstream media outlets have distorted.

The stronger the economy gets under President Trump, the more desperate his critics are to hand credit over to Obama. Even if that entails changing the past.

A recent New York Times story says it all: “An Economic Upturn Begun Under Obama Is Now Trump’s To Tout.”

The article begins by admitting that “by nearly every standard measure, the American economy is doing well,” then spends the next 1,400 words arguing that the current good times have nothing to do with Trump’s economic agenda.

The economy, reporter Patricia Cohen declares, “is following the upward trajectory begun under President Barack Obama.”

Upward trajectory?

We seem to recall that the economy was stagnating in 2016 after the weakest recovery from a recession since the Great Depression.

In fact, The New York Times itself described Obama’s economy this way in August 2016: “For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%.”

Mitch Kokai / Senior Political Analyst

Mitch Kokai is senior political analyst for the John Locke Foundation. He joined JLF in December 2005 as director of communications. That followed more than four years as chie...