number — third-quarter growth at a 4.9 percent rate — coexists with data showing disposable personal income actually dipping just a bit, suggesting that the post-Covid stagnation in real earnings hasn’t fully broken yet.) Whereas the Trump era was less complicated: For a few short years, the American economy performed in ways Americans once took for granted, closer to the long post-World War II boom than to the decades of recession-punctuated deceleration we’ve experienced since the 1970s. Lately, I’ve been reading a portrait of that long age of disappointment — “Ours Was the Shining Future: The Story of the American Dream,” a new book by my Times colleague and former podcast sparring partner David Leonhardt. The book’s argument belongs to a genre, reconsiderations of neoliberalism, that’s somewhat familiar by now but is usually more narrowly polemical, where my colleague offers sweep and detail and depth of historical narrative. And the genre’s entries usually come from predictable “outsider” ideological perspectives, from the far left or lately the populist right, assailing the neoliberal age in the voice of its traditional enemies.

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Persons: Donald Trump, Trump, Covid, Trump’s, they’ve, I’ve, —, David Leonhardt, It’s, Leonhardt, Wright Mills, Robert Bork, Barbara Jordan, that’s Organizations: White House, Biden, Times