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During the Obama regime, liberals came up in all kinds of creative ways to explain away the pathetic economy. They told us the traditional business cycle was over, that anemic growth was the new normal. They celebrated the supposed joys of fun employment. Obama himself declared that certain jobs were never coming back. That's wrong. Today, consumer confidence is at a seventeen year high, unemployment is low, the markets are soaring.
Economic growth is beating all expectations, but not everybody's happy about it. In Sunday's Washington Post, columnist Robert Samuelson warns us to beware and economic boom. We don't need an economic boom, but that's what we may be getting, he writes. He says, since the election of Donald Trump, the stock markets up almost twenty four percent and the four point one percent unemployment rates the lowest in seventeen years, we have back to back quarters of three percent economic growth.
All of that is not good. Samuelson argues that long stretches of good times can become self destructive. People, consumers, business owners, managers, bankers, investors, entrepreneurs become sloppy, over confident, and complacent. He predicts, the bigger the boom, the bigger the bust will be. That follows. We have an entire generation of Americans who don't even know what it's like
to live in a boom economy. We finally have one they deserve to find out, and the left is telling us we don't deserve it because it's only going to mean bad times ahead. Rush has just made his spectacular web service, Rush seven, even more spectacular. We have a special premium going on right now, a brand new tumbler that is free with every new subscription joined today for Rush seven. Never miss a word of Russia's radio broadcast and get his new tumbler all at Rush limbaugh dot com.
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