The Obama Boom is finally here. Gross domestic product grew by a healthy 5 percent in the third quarter, the strongest growth we’ve seen since 2003. Consumer spending looks as if it’s going to be strong in 2015. Unemployment numbers have looked good. Buying power is up. And the stock market closed at 18,000 for the first time ever. All good things. So what happened?

Here’s David Axelrod on Twitter: “Note: The quarter before Obama took office, the U.S. economy SHRUNK by 8.9 percent, worst since 1930. Last quarter it GREW by 5 percent, best since 2003.”