While the economy is not booming it's not doing too badly in reality, contrary to what Trump keeps saying. (It's just like his continued insistence that crime and the murder rate are out of control when that's a complete lie.) Anyway, since the Great Recession the economy has been steadily hummed along. Granted, there are challenges. Automation has meant many fewer manufacturing jobs but manufacturing output has continued to rise over time. There has been growth in the service sector and unfortunately those jobs normally do not pay as well as manufacturing jobs.
Anyway, the narrative that Trump and his people hope to sow is that Wall Street and business in general is booming because Trump was elected and there is no evidence of that.
Neil Irwin writes about the fabulous Trump economy:
The stock market reached yet another new high on Wednesday, the latest development to make a mockery of what savvy economic commentators thought they knew about the world.
Consider how things looked one year ago. The world economy seemed hopelessly trapped in a cycle of low growth and inflation. Markets recoiled at the mere possibility that the Federal Reserve would raise interest rates. Populist political insurgencies seemed to threaten yet more financial market chaos.
Now, interest rates and inflation forecasts have risen substantially from last winterís lows; financial markets are shrugging off ó or even rallying at the possibility of ó imminent Fed rate increases; and it is all taking place during Donald J. Trumpís presidency.
Why do we keep hearing this? Once again, here's the S&P 500 since the end of the Great Recession. I've even adjusted it for inflation just to be super fair:
Finally, economic growth. You can talk about animal spirits all you want, but GDP growth in the US has been running steadily between 1 percent and 3 percent since 2010. Last quarter it was 1.9 percent, and there's no particular reason to think it's about to take a sustained jump. As for the rest of the world, the IMF doesn't seem especially optimistic:
The Economy Is Not Booming | Mother Jones
I'm really sick and tired of the lies Trump spews day in and day out but I'm especially bored with the people who are buying his bullshit. They're just the people who foisted that idiot on us.