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One of the trickier bits of political positioning facing Democrats this cycle is how to talk about the American economy. By nearly every metric, it's performing quite well. Unemployment is low, growth is pretty strong, wages are rising, the stock market is up -- and we're in the midst of the longest overall US economic expansion in recorded history. Roughly 70 percent of voters are optimistic about both their personal financial situation and the national picture, and a relatively unpopular president consistently earns his highest marks on this issue, which happens to be at the top of the pile in terms of importance. 2020 Democrats, unable to laud the successful GOP tax reform law or President Trump's reduction of burdensome regulations, are instead attempting to downplay the extent to which the economy is thriving. The Wall Street Journal's editorial tackled a number of these claims. The editors begin by laying out Democrats' complaints:
Democrats running for President see America as a Dickensian nightmare of inequality. It’s the best of times for millionaires and billionaires, and the worst of times for everybody else. Time to wake up from the Barack Obama economy, folks, and admit how many more Americans are prospering from the faster economic growth and tighter labor market after the policy changes of 2017...“Who is this economy really working for? It’s doing great for a thinner and thinner slice at the top,” Massachusetts Sen. Elizabeth Warren declared at the debate. “When you’ve got a government, when you’ve got an economy that does great for those with money and isn’t doing great for everyone else, that is corruption, pure and simple.” Sen. Cory Booker, who hails from high-tax New Jersey, moaned that “I live in a low-income black and brown community. I see every single day that this economy is not...
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