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Economist: Don't believe the Obama, Clinton economic spin. Today's America is no paradise

Economist: Don't believe the Obama, Clinton economic spin. Today's America is no paradise

Peter Morici | Fox News

To listen to Barack Obama, Americans live in a liberal paradise—a robust recovery boasting 74 consecutive months of jobs growth and a federal government focused on promoting social justice.

For those employed in the liberal industrial complex—the media, universities and political consultants advising Democratic candidates—it’s all true.  After all, it’s time for Hillary, so how could Americans not be enjoying a robust economy!

Sadly, it simply isn’t so. Family incomes are down about $1,600 on Obama’s watch, whereas they rose by $4,800 during the Reagan years with a very different governing philosophy.

Tune in to Friday’s jobs report to see why.

Family incomes are down about $1,600 on Obama’s watch, whereas they rose by $4,800 during the Reagan years with a very different governing philosophy. Tune in to Friday’s jobs report to see why.

Economists are expecting the Labor Department to report the economy added a paltry 158,000 new positions in May. The liberal media will paint it up as strong progress but monthly job gains have been trending down since 2014, and Ronald Reagan accomplished about twice the jobs and GDP growth during his recovery.

Consumers are spending again and second quarter GDP growth appears to be strong, but businesses have good reason to make do with the workers they have. Liberal meddling has created disincentives that make hiring and investing in America tough.

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