The economy is not in the best of shape presently, and this becomes even more obvious the more the administration tries to pressure the Federal Reserve Board to further lower interest rates, and yet the pundits continue to claim that things are going well.
One thing is for sure, this isn’t the rapid growth economy we were sold.
By every objective measure, the economy has been at best mediocre, and, when compared to the performance of the economy since Reagan, this economy has been flaccid, especially in 2019.
This economy isn’t “better”, and it sure as Hell isn’t “great”.
Bragging about a 3.6% unemployment rate with 62.8% labor force participation is like bragging about how well a cupcake fits in a ring box. No one wants that cupcake or the ring box.
Is this a healthy economy?
While the American left would have everyone believe that banks and investors were to blame for the 2006-2008 subprime mortgage crisis and the resulting recession (and they do share some part of the blame), it’s not quite that simple.
I realize none of this is particularly politically correct, but it’s still true.
The only thing keeping the United States economy out of a significant recession have been low interest rates…
It is obvious something is holding the economy back, but no one is dealing with the underlying problem.
[T]he president’s misbegotten policies are presently the biggest factors in the market today.
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.
There are a lot of things that look good in the last few quarters, and growth remains solid, particularly if the 3.5% preliminary GDP growth rate holds through revisions, but there are still some nagging doubts that won’t go away.
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.
[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.