It used to be par for the course.
The media would declare that there was a recovery. Their experts would dramatically overstate the results. And then there would be a retraction when performance didn't meet expectations. The failure was blamed on some sort of problem, the environment, consumer stupidity, space aliens, outside Obama's control.
Now we're seeing the reverse. The economy is doing well under Trump while the media tries to undersell it. New York Magazine has a headline that reads, "The Economy Doesn't Care Who's President."
Sure. That would have been the headline under Obama. Meanwhile the Trump economy is beating expectations.
U.S. employers picked up their pace of hiring in June, a sign of enduring labor market growth eight years into the economic expansion.
Nonfarm payrolls rose by a seasonally adjusted 222,000 from the prior month, the Labor Department said Friday. The unemployment rate ticked up to 4.4% from 4.3% the prior month as more people joined the workforce.
Economists surveyed by The Wall Street Journal had expected 174,000 new jobs and a 4.3% unemployment rate in June.
April's nonfarm payrolls were revised up to 207,000 and May's tally up to 152,000, a net increase of 47,000.
That's how you know there's a recovery... and a Republican in the White House. The estimates are being revised up, instead of down.