Some of my left-wing friends have groused that Democrats didn’t do well in the mid-term elections because they failed to highlight America’s strong economic performance.
I’m tempted to ask “what strong economic performance?!?” After all, median household income is lower than it was when Obama took office. And labor force participation rates have plummeted.
However, my leftist buddies have a point. America’s economy does look good when compared to Europe.
But why should that be the benchmark for success?
If you look at today’s growth numbers compared to data on historical growth in the United States, you get a much different picture. Here’s some of what Doug Holtz-Eakin, former head of the Congressional Budget Office, wrote as part of a study for the National Chamber Foundation.
Over the entire postwar period from 1947 to 2013, the trend for economic growth in America was 3.3%. Unfortunately, looking at…
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Utopia, you are standing in it! 
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