by Ryan McMaken
Mises.org
Last weekend, John Crudele at the New York Post noticed, in an article titled “Americans haven’t gotten a raise in 16 years” that in spite of the current administration’s many claims of economic prosperity, the voters don’t seem particularly pleased:
Why aren’t Americans happier?
One of those pundits made me chuckle Tuesday night when he was talking about Trump’s primaries victories in another five states. He suggested that Americans were somehow being brainwashed by the media into thinking the economy was really bad when in fact it was good.
Then, on Thursday, the Commerce Department showed just how good the economy wasn’t. It announced that the Gross Domestic Product grew by an annual rate of just 0.5% in the first three months of 2016.
But that didn’t stop the media from trying to explain away the disappointment.