The big omission in Obama’s upbeat economic narrative


By Joseph Lawler | Washington Examiner

President Obama has sounded increasingly triumphant in recent weeks when talking about the state of the U.S. economy, using words like “booming” and listing new records. But his narrative is missing one big subplot: The experience of the typical American family.

“Since I have come into office, there’s almost no economic metric by which you couldn’t say that the U.S. economy is better and that corporate bottom lines are better. None,” the president said in a recent interview with the Economist.

Obama’s “metrics” included:

» The stock market reaching record highs

» Corporate profits higher than ever

» 52 months of consecutive job growth and 10 million new jobs

» The deficit cut in half

at Washington Examiner.