Opinion | Who brought us this long boom?
Companies, agencies, institutions, etc
the Wall Street Journal
Princeton
Blinder’s
Wilshire Associates
Trump
Trump’s
the Federal Reserve
the Treasury Department
the Amazon Services LLC Associates Program
Amazon.com
People
Alan S. Blinder
Trump
Obama
Barack Obama
Ben S.
Bernanke
Timothy F. Geithner
Robert Samuelson’s
Sebastian Mallaby
Catherine Rampell
Cass
fadingJennifer Rubin
Groups
Americans
Physical locations
No matching tags
Places
the economyGeorge F. Will
Locations
U.S.
China
America
Events
another Great Depression
World War II
Summary
When reviewing the figures above, you should remember that in the last two years of the Obama presidency, the economy also generated 200,000 jobs per month.As for the stock market, it rose $18.8 trillion from its low point in 2009 to Trump’s election, according to Wilshire. Given the different time spans, the comparison is inexact, but it emphasizes that the stock surge preceded Trump’s election.More to the point, President Barack Obama delivered to Trump an economy that had overcome the worst psychological effects of the financial crisis and the accompanying Great Recession. Why inflation has been so subdued is a mystery.Economic textbooks warn that, as an economy approaches “full employment,” wages and prices will accelerate.
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