The Economy, Father of Us All
24th July 2019
Each week we are warned of a recession. And each week the economic news “unexpectedly” and “surprisingly” improves or stays steady — in ways well aside from the staples of continued near-record-low peacetime unemployment (3.8 percent), near-record-low minority unemployment, booming annualized GDP (3.1 percent), and a record-high stock market.
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The subtext of the failure of all the Trump impeachment hysterias was not merely that they were based on emotional narratives rather than evidence and facts — empiricism has never been the forte of congressional frenzies — but that the public believed either that the removal of a successful president would stall the economic expansion or that it might show ingratitude for a domestic job well done. Democrats seems to have forgotten that voters are most interested in the economy — along with illegal immigration — and least concerned with their obsessions with climate change and the Green New Deal.