How Good is the US Economy?
When even the New York Times struggles to find words to say how good the US economy is, you know it’s good:
We Ran Out of Words to Describe How Good the Jobs Numbers Are
The economy is in a sweet spot, with steady growth and broad improvement in the labor market.
The real question in analyzing the May jobs numbers released Friday is whether there are enough synonyms for “good” in an online thesaurus to describe them adequately.
So, for example, “splendid” and “excellent” fit the bill. Those are the kinds of terms that are appropriate when the United States economy adds 223,000 jobs in a month, despite being nine years into an expansion, and when the unemployment rate falls to 3.8 percent, a new 18-year low.
Large numbers of black and Hispanic people are starting to feel they are better off under the present administration. Less resentment means less violence and other crime, and fewer votes for the Democrats. That may be one of the reasons the Democrats are still so strenuously pushing the “Trump is a racist” line. Fewer and fewer people are buying it.