This political analysis by Philip Bump was posted to the Washington Post as of October 5. The article
makes the argument that President Donald Trump is acting inconsistently to the
data he presents.
First, Bump
presents a Tweet posted by the President that states, “Stock Market hits an
ALL-TIME high! Unemployment lowest in 16 years! Business and manufacturing
enthusiasm at highest level in decades!” He confirms that this is true with a
graphical comparison of unemployment rates from the Federal Reserve.
Secondly, he
highlights a Tweet by Gizmodo’s Matt Novak, who claimed how unusual it was to
be pushing tax cuts that are being sold as boosting unemployment. As well, Bump
claims that Trump “cited employment as a specific goal of the policy” during the
speech that announced the tax proposal.
Bump
includes an excerpt from the Federal Reserve stating:
“Even in good times, a healthy, dynamic economy will have at least some unemployment as workers switch jobs, and as new workers enter the labor market and other workers leave it. The lowest level of unemployment that the economy can sustain is difficult to determine and has probably changed over time due to changes in the composition of the labor force, and changes in how employers search for workers and how workers search for jobs.”
He claims
that perhaps President Trump’s tax cuts could create a large amount of total
people in the labor pool, thus altering the statistics. This could account for
some of the baby boomers that “are hitting retirement age and, well, retiring.”
All-in-all
Philip Bump does a great job of relaying evidence in a clear and concise way
that is easy for the reader to understand. He includes clean graphs and imbedded
links to throughout the analysis. On the flip side, there is not a lot of contextual
information regarding the details of the tax proposal that would lead into his
overall arguments. He also writes of a speech, given by the President, as a
source of evidence; however the point could have been made clearer if mention had
been made of the exact quote or location of the quote within the source.
Overall, this
analysis was pleasantly presented, but could have been more specific in the
retrieval of data.
Original Analysis:
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