Despite the claims and rhetoric of the Democrats this week in Philly, the Obama economy has never been great. He is the only President in the modern era to never see significant economic growth. Unemployment has largely gone down because so many people have given up on hope. And now the latest economic news is crummy again.
This is why the Democrats want to guarantee a minimum standard of living for people who work. People cannot find good jobs in the Obama economy and to get the economy moving in such a way to establish those jobs would violate liberal orthodoxy. So they’d rather engineer new welfare schemes that penalize the successful to aid the less fortunate.
It is the very same thinking that Hillary Clinton advocates, but one Trump too is embracing with his ridiculous claim to raise the minimum wage.
The Obama economy sucks. It always has. It always will.