And, the stock market did not produce it all by itself. Rather, the credit should go to American business. Some Americans love to think of businesses as greedy, profiteering vultures, intent on gouging every cent out of the citizenry, polluting the air and water, and discriminating against almost everybody. In truth, few organizations fit this profile. Our companies should be recognized as the primary reason why we have enjoyed this prosperity for so long.
Healthy businesses make up the spine of the American economy.
If the business climate is weak, profits will be down and employees will not feel confident that their jobs are safe. If the business climate is strong, paychecks are large and Americans feel freer to spend for the goods and services they need. This continued spending is the primary factor feeding the prosperity, as companies continually reposition their products to be attractive to buyers. Labor unions and liberal politicians will try to convince you that they should get the credit. Don't listen to them.