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Speaker 1: During the Obama regime, liberals came up in all kinds
Speaker 1: of creative ways to explain away the pathetic economy. They
Speaker 1: told us the traditional business cycle was over, that anemic
Speaker 1: growth was the new normal. They celebrated the supposed joys
Speaker 1: of fun employment. Obama himself declared that certain jobs were
Speaker 1: never coming back. That's wrong. Today, consumer confidence is at
Speaker 1: a seventeen year high, unemployment is low, the markets are soaring.
Speaker 1: Economic growth is beating all expectations, but not everybody's happy
Speaker 1: about it. In Sunday's Washington Post, columnist Robert Samuelson warns
Speaker 1: us to beware and economic boom. We don't need an
Speaker 1: economic boom, but that's what we may be getting, he writes.
Speaker 1: He says, since the election of Donald Trump, the stock
Speaker 1: markets up almost twenty four percent and the four point
Speaker 1: one percent unemployment rates the lowest in seventeen years, we
Speaker 1: have back to back quarters of three percent economic growth.
Speaker 1: All of that is not good. Samuelson argues that long
Speaker 1: stretches of good times can become self destructive. People, consumers,
Speaker 1: business owners, managers, bankers, investors, entrepreneurs become sloppy, over confident,
Speaker 1: and complacent. He predicts, the bigger the boom, the bigger
Speaker 1: the bust will be. That follows. We have an entire
Speaker 1: generation of Americans who don't even know what it's like
Speaker 1: to live in a boom economy. We finally have one
Speaker 1: they deserve to find out, and the left is telling
Speaker 1: us we don't deserve it because it's only going to
Speaker 1: mean bad times ahead. Rush has just made his spectacular
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Speaker 1: You're listening to the E I B net work