Sen.Elizabeth Warren has touted plenty of awful plans in her bid for the presidency, attempting to marry expansive and socializing economic policies with the nationalist rhetoric that clinched the Electoral College for President Trump. But while her hodgepodge of plans, ranging from that for “economic patriotism” and “green manufacturing,” have reeked of opportunism, her post today warning of an economic crash actually diagnoses the very real, apolitical, and oft-ignored problems bubbling under our economy.
By every metric, the Trump economy’s perseverance is an exception to historical trends. We’ve sustained the longest bull market in American history despite a notably slow recovery from the Great Recession. Even though our unemployment rate has hit a half-century low, our inflation rate has not surpassed 2.0% in any month of 2019 thus far. And although Trump appears to be testing fate with a seemingly pointless trade war, our economic growth has led to real wage growth for ordinary Americans for the first time in years.
