The U.S. economy is doing well, but these are not unprecedented times.
President Trump’s State of the Union address had a lengthy section celebrating the U.S. economy, which has been growing for 11 straight years, the longest expansion in U.S. history.
Trump claimed the U.S. economy is “roaring” and “the best it has ever been.” He went as far as to say the nation is “moving forward” at an “unimaginable” pace, a claim not backed up by the data.
The broad consensus among economists is that the U.S. economy is doing well, but these are not unprecedented times. Continue reading.