From Daily Kos: The wage story of the past 40 years? Slow growth and inequality boosted by weak policies
By METEOR BLADES
Donald Trump and his cheerleaders are happy to talk about the “booming” economy, falsely and relentlessly labeling it the “best ever.” While the economy is still growing, now in its 128th month of expansion, the idea that it’s better than ever is malarkey. In Barack Obama’s final three years as president, for instance, the economy created 1.5 million more new jobs than have been created in Trump’s three years in office. And inflation-adjusted growth in gross domestic product in the best four quarters under Obama exceeded it in the best four quarters under Trump. It cannot be pointed out too often that Obama inherited an economic downturn worse than any since the 1930s and policies he promoted gave impetus to a recovery that has continued under the current occupant at 1600 Pennsylvania.