The current administration is desperate to have American voters believe their blatant mediocrity is somehow better than the blatant mediocrity of the prior administration...
There are a lot of indications, not least of which the rhetoric coming out of the White House, that the economy is not as strong as has been sold.
It is obvious something is holding the economy back, but no one is dealing with the underlying problem.
The fact that so many Americans are not participating in the labor force today, a problem that exploded under Obama, so he bears responsibility, is the single largest problem facing America today, and Trump and his supporters never talk about it.
Americans should remain skeptical of the rosy picture painted by the latest jobs report, because fundamental problems in the economy remain.
The current administration's economy has only outperformed the average performance of the previous administration (post recession) eight months out of the last twenty-one months, or roughly one-third of the time.
The Trumplican's argument as to why labor force participation hasn't increased? It's too hard, because Baby Boomers.
Despite numerous deregulation victories and his incessant bragging in 2016, Trump's economy has created more jobs than Obama's second term (post recession) economy only 7 out of the last 20 months.
At 157,000 net jobs created, the preliminary numbers in the July Jobs Report from the Bureau of Labor Statistics came in well below the 190,000 jobs expected by market watchers, and well below the average established during Obama's second term.
While the quarterly GDP growth rate hasn't been below 2.0% since the first quarter of 2017, it also hasn't been above 5.0% since the second quarter of 2014, and it's a long way from the 7.0% rate in the third quarter of 2003.
If the labor force participation rate were still at its peak (roughly around 67%), roughly 10 million more Americans, that's the entire population of New York City plus an additional 1.5 million people, would still be in the labor force.
[O]ne thing Trump is very good at is claiming responsibility for the things that are going right for the United States economy, but these claims don't actually hold up to any rigorous scrutiny.
It seems to me that it's hard for Trump to be making America "great" again, if his economy is under-performing Obama's economy.
The Republican pundit class is lying right into our faces, pouring falsehoods and delusions right onto the heads of the tens of millions of Americans so desperate to believe in the infallibility of their political movement that they believe everything that they're told.