Trump takes credit for the good economy. Here’s what economists say – PBS NewsHour

Paul Solman:

But that’s a key part of what Trump’s taking credit for, that the tax cut has both spurred the stock market and will lead to more investment, more higher-paying jobs.

More than 70 financial institutions, airlines, AT&T, have announced employee bonuses or raises. Fiat-Chrysler announced a billion-dollar investment to build Ram trucks near Detroit, currently made in Mexico. Even Wal-Mart hiked its minimum wage.

But then Wal-Mart is also closing 63 Sam’s Club stores. So what matters is the net effect in the long run, argues Austan Goolsbee, because, in the nearer term, for individuals, say-

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