The economy was roaring in 2000. Unemployment was negligible, the DJIA was doing well, and the federal government was running a large surplus. Wages were increasing at a rate not seen in years. The US had no serious rivals abroad. It was a golden age, but nobody recognized it, because everyone’s attention was fixed on Bill Clinton, Monica, and the GOP. We elected George W. Bush, and you know how that turned out.
Today, the unemployment rate is below 5 percent, the DJIA is at record levels, interest rates, gas prices, and inflation are very low, wages are finally beginning to increase at an acceptable rate, and we aren’t engaged in any large-scale land wars. And so, we just elected a chaos agent.
I guess it figures. What were those Joni Mitchell lyrics again?