It was just a month ago that Republicans were telling voters that the economy is terrible, but after it was announced that the economy created 287,000 new jobs, the GOP reaction has been silence.
The economy added 287,000 jobs in June, a bounce-back from May’s low number and a clear indication that the economy continues to make solid progress. U.S. businesses have now added 14.8 million jobs since private-sector job growth turned positive in early 2010. So far in 2016, job growth has averaged a solid 172,000 jobs a month, well above the pace needed to maintain a low and stable unemployment rate. Meanwhile, the labor force participation rate ticked up in June, while part-time employment for economic reasons as a share of the labor force saw its largest one-month drop since 2010. Most importantly, average hourly earnings for private employees have increased 2.6 percent over the last twelve months, tied for the fastest twelve-month pace since the recovery began. Nevertheless, more work remains to sustain faster wage growth and to ensure that the benefits of the recovery are broadly shared, including investing in infrastructure and job training, implementing high-standards trade agreements like the Trans-Pacific Partnership, and raising the minimum wage.
Why it seems like it was just yesterday that Donald Trump was telling voters how terrible the economy is, and he promised to make America great again. Well, it turns out that Barack Obama and the American people have already made their country great.
With the economy doing so well, Republicans have little of substance to run their campaigns on. The good economic numbers also explain why the GOP has so heavily investigation in conspiracy theories like Benghazi and Hillary Clinton’s emails. Democrats have a strong economy and a popular incumbent president working in their favor.
Republicans have responded to the good economic news with stone cold silence because they can’t admit that their policies have failed, their nominee is a joke, and America is doing just fine under a Democratic president.