Don’t buy the lie that Obama’s leaving behind a healthy economy

For older men in those states, Bloomberg reports, inflation-adjusted pay is below the level in — wait for it — 1979. That’s two generations lost. In those swing states, the idea that Obama is handing back a booming economy will be seen there as an absurd boast.

Even if, in the last month or so, what economists call the “animal spirits” of economic activity have begun to stir. That’s because of the possibility that the credit already belongs to Trump.

Even though he’s not yet president. My own theory is that the millions of minds that make up the American electorate knew way before the pollsters that Trump was going to win this election.

They grasped that the Democrats’ high taxes and onerous regulation were drawing to an end. They’ve already begun betting that The Donald, no professional politician, will make good on his promises.