Economist's critique of economic growth under different administrations

Tomas Philipson, former Council of Economic Advisors Acting Chair, challenges the Democrats' understanding of economic principles. He argues that past Democratic administrations, including Obama and Biden, benefited from coming into power during economic crises and supportive Federal Reserve policies, which made generating growth easier. In contrast, he notes that the Trump administration achieved higher real wage and economic growth despite a later economic cycle and a more restrictive Federal Reserve environment.