Yesterday's news about the economy was the latest in a 7-1/2 year series of mostly regular disappointments. The government reported that nation's Gross Domestic Product (GDP) grew at an annual rate of just 1.2 percent in the second quarter, half or less of what most alleged "experts" expected. Additionally, the first's quarter's originally reported 1.1 percent growth was revised down to 0.8 percent.
The economy has grown barely 1.2 percent during the past four quarters. So even before yesterday's news, reasons to be impressed with the economy were hard to find. That didn't stop Mark Zandi, who "just so happens" to have contributed the maximum allowable individual amount to Hillary Clinton's presidential campaign in 2015, from going way over the top with praise. As reported by the Associated Press's Martin Crutsinger shortly before the GDP report's release, Zandi proclaimed that "It is amazing how resilient the U.S. economy has been," and the "The job market is just incredible."