Story thread · 3 reports / 3 sources

Trump's signature promise full of ‘economic fairy tales’: columnist

rawstory.com · 11hShare

President Donald Trump has been telling Americans “economic fairy tales” about one of his signature campaign promises, according to a blistering new column . Trump repeatedly vowed to slash energy and electricity prices by 50% within 12 months of taking office. Instead, diesel recently surpassed $6 per gallon , while electricity and other household energy costs have also climbed. That’s according to The New Republic editor Michael Tomasky, who argued Monday that Republicans believe in slogans but ignore the complicated and unpredictable forces that actually determine prices. “Republicans screw up the economy, and they screw it up because they believe in economic fairy tales that fit on a bumper sticker,” he wrote. Tomasky went on to accuse Trump of “lying out his know-you-what” when he made the sweeping energy pledge without considering whether he could deliver it. “Trump himself is fool enough to think this,” Tomasky wrote, pointing to the president’s belief that opening federal lands

First report: It’s Not Just Trump Who’s Dumb about Economics—It’s the GOP Generally — newrepublic.com, 1d