The “Good Vibrations” Economy
One of the best kept secrets in the world today is that Americans are feeling far better about the economy than they have in years.
You would never know it scrolling through the gloomy headlines of the financial press or listening to the nabobs natter negatively on the business television channels. Even the better-than-expected news on the labor market released last week was presented as not really all that good, with liberal analysts and pundits somehow complaining with a straight face that there were too many government jobs cluttering up the employment report. More jobs going to Americans than foreigners? They’re calling that a labor shortage. Any good news is transitory or illusory or merely a headfake.
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