Obama Boom Builds Obamatowns

According to the megaphones of the Progressive-controlled media, the Obama economy is booming. For the investor class it has been a rising tide that lifts all yachts or as it is expressed in Bloomberg, "When President Barack Obama was elected in November 2008, the U.S. economy was shrinking at a rate unmatched since World War II. In the seven years between then and his final State of the Union address Tuesday night, global investors have enjoyed stellar results from the rapidly expanding Obama economy." According to Paul Krugman in The Obama Boom "The ... Obama economy offers a powerful lesson... From a conservative point of view, Mr. Obama did everything wrong, afflicting the comfortable (slightly) and comforting the afflicted (a lot), and nothing bad happened. We can, it turns out, make our society better after all." And according to President Obama himself everything is coming up roses, "Companies are investing; consumers are spending and American manufacturing, energy, technology, autos all are booming. And thanks to the decisions that we've made and the resilience of the American people, we've recovered faster and come farther from the recession than almost any other advanced country on earth. So the good news is the economy clearly is getting stronger, things are getting better, engines are revving a little bit louder."

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