Last week, for the first time in history, the Dow Jones industrial average closed above 40,000.
Unlike many right-wing commentators, I don’t consider the stock market the best indicator of the economy’s health, or even a good indicator.
The background here is the gap between what we know about the actual state of our economy and the way Trump and his allies describe it.
Unemployment has now been below 4 percent for 27 months, a record last achieved in the late 1960s, ending in February 1970.
U.S. economic growth over the past four years has been much faster than in comparable major wealthy nations.
Persons:
hyperpartisanship, Donald Trump, Trump
Organizations:
Dow