Posted on May 28, 2020 by Paul Mirengoff
No news is better than fake news
The Washington Post complains that the Trump administration has decided not to release updated economic projections this summer. The administration says it won’t release projections because of the “unprecedented state of play in the economy at the moment.†In other words, although the economy clearly will be in bad shape for a while, and everyone knows it, no one has a clear idea of what the numbers will look like.
The White House also notes that there is no law requiring it to release updated projections. There is precedent for doing so, as the Post emphasizes. However, the Post cites no precedent for releasing projections where this much uncertainty stems from highly unusual non-economic events.
https://www.powerlineblog.com/archives/2020/05/no-news-is-better-than-fake-news.php?utm_source=feedburner&utm_medium=feed&utm_campaign=Feed%3A+powerlineblog%2Flivefeed+%28Power+Line%29
