"People never tire of a booming economy, nor of rising wages & living standards: drive consumer spending, 2/3 of the US economy; increase in business optimism & spending — elements missing during the Obama years." Liz Peek on the roaring US economy

Sep 05, 03:44 AM

Jolly image: A version of the high life under a booming economy; 1800s, downstairs among the staff.

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"Liz Peek, The Hill and Fox News, on the roaring economy. Institute of Intl Finance: 'Economy is booming only in some places.' People never tire of a booming economy, nor of rising wages and living standards. These drive consumer optimism and spending, which are two-thirds of the US economy. Ergo, we have an increase in business optimism and spending — the elements that were missing during the Obama years."