2016: A Year Defined by America's Diverging Economies
2016: A Year Defined by America's Diverging Economies
- In many ways, 2016 has been the strongest year, economically, since the mid-2000s, or even the late 1990s. Unemployment was low. Wages were increasing. The markets hit new highs. Consumer confidence rose. Yet Donald Trump unseated the incumbent party and won the presidential election promoting economic pessimism and promising restoration: He swore to Make America Great Again, describing the country as falling behind, workers as jilted, growth as anemic, and the current period of expansion as a sham.
- In many ways, 2016 has been the strongest year, economically, since the mid-2000s, or even the late 1990s. Unemployment was low. Wages were increasing. The markets hit new highs. Consumer confidence rose. Yet Donald Trump unseated the incumbent party and won the presidential election promoting economic pessimism and promising restoration: He swore to Make America Great Again, describing the country as falling behind, workers as jilted, growth as anemic, and the current period of expansion as a sham.