Throughout the Obama administration and into the 2016 presidential election campaign, so-called economic experts told America that a new normal existed. They argued that the high rates of growth and employment which marked American history were no longer possible. Instead, American workers had to lower their expectations and learn to be content with inevitable stagnation and decline.
Thankfully, President Trump rejected the false premise that the American economy’s best days were behind us. The American economy’s performance today, with the lowest unemployment rate since the 1960s and economic growth that consistently beats expectations, vindicates his argument and proves that America’s economic engine was running far below capacity before Trump’s election.
