Source item
Open original source ↗Quoted context
These are the quoted author’s words.
Once again, the professor has come up short… His latest screed is an impressive display of economic prestidigitation. He concedes that wages are growing faster for low-income workers and then attempts to bury that dispositive fact beneath nearly 2,000 words. Bank of America data show that spending among lower- and middle-income households has converged toward levels at the top as they lead labor market gains. Professor Reich has a documented history of “inventing dialogue” when the truth doesn’t fit his narrative, a habit that forced him to rewrite his memoir after the media exposed his fabrications. Burger King appears not to be the only one who peddles “Whoppers.” As I do not like “punching down,” this will be the last response to his four-decade pattern of packaging falsehoods as fact.
SecScottBessent ↗