The great Jackie Gleason once said, “The past remembers better than it lived.” And so it is, apparently, with the Obama years.
There was no economic “boom” as Joe Biden and Kamala Harris are misremembering. This was an economy that skidded into a financial ditch and seemingly ever pulled out of it and got back on the prosperity hot lanes until Donald Trump won the election in November 2016.
You can mark the real recovery — an economic inflection point almost the day after that surprise election outcome.
Every liberal forecaster and most academic economists had guaranteed America that if Trump were elected, the stock market would crash, workers would be flattened, and, as New York Times economist Paul Krugman famously predicted, the economy would “never” recover.
Instead, the stock market soared by 700 points the morning after the election (that’s some crash), and it rose for the next three years, as it has again over the