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September 10, 2020
How long before Obama starts taking credit again for Trump's economy?
I'm guessing that by this time next month, Obama will be telling everyone who'll listen that he deserves credit for the explosion in economic activity around the country. Think how discouraging all this encouraging economic news must be for Democrats. The unemployment rate is back in single digits within months of the greatest labor market disturbance in a hundred years. After losing a third of its value in the spring, when Wuhan panic went viral, the stock market has risen past pre-pandemic levels once again. And consumer confidence and new home construction are rising faster than thought possible. It took Obama over four years to do what President Trump has pulled off in four months. Obama spent the first three years of Trump's presidency claiming credit for his successor's ability to produce an economic resurgence unseen since the years after WWII. Then...(Read Full Post)