But, ironically, in the 46 months since the last Republican National Convention in Tampa, many of the economic promises made by Republicans actually came true under the Democratic president.
Wait. What? How is that possible?
Mitt Romney four years ago pledged to bring the unemployment rate down to 6% by the end of 2016. Back then the jobless rate was above 8%. But it has moved steadily lower, falling below 5% today. The economy has added some 9 million jobs. In 2014, the U.S. saw the fastest job growth since 1999, and the second best in 2015.
Four years ago, presidential hopefuls Michele Bachmann and Newt Gingrich promised gas prices below $2.50 a gallon and the GOP platform called for more domestic oil production. During the second Obama administration, domestic oil production has surged to a record (in part because of fracking) and America’s abundant oil supplies have helped slam oil prices and bring gas prices down to $2.20 a gallon.
What about the voters?
They vote on how they feel about the economy. The rise of the populism of Bernie Sanders and Trump clearly shows that low economic self-esteem is the story of this election, even if 401(k) balances, gas prices and job numbers disagree.