The economic indicators are good--more than good--yet this, granted, is not necessarily soothing to those who are not feeling the economy's significant improvements. Inflation is down dramatically, gas prices are down--under $3 in my state, New Jersey--yet grocery and housing costs, of course, are still far too high.
Nonetheless, there was this headline, on October 31st, in The Wall Street Journal--by no means commonly regarded, in its orientation, as a "liberal" paper:
"The Next President Inherits a Remarkable Economy"
The secondary headline read: "The high quality of recent economic growth should put a wind at the back of the White House’s next occupant."
Thursday's story, by Greg Ip, began this way:
"Whoever wins the White House next week will take office with no shortage of challenges, but at least one huge asset: an economy that is putting its peers to shame.
"With another solid performance in the third quarter, the U.S. has grown 2.7% over the past year. It is outrunning every other major developed economy, not to mention its own historical growth rate."
