The GOP said Obamanomics would kill the economy. It didn't. Now what?

As the American economy improves, Republicans will have to update their priorities

Obamanomics
(Image credit: (Darren Hauck/Getty Images))

The American economy in 2015 will probably pale in comparison to the big booms of the 1980s and 1990s. But thanks partly to the 50 percent drop in oil prices since summer, it may be the strongest year for growth since before the Great Recession.

The Two Percent Economy becomes the Three Percent Economy. Stagnation becomes acceleration. What Goldman Sachs recently told clients roughly reflects Wall Street's consensus view:

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James Pethokoukis

James Pethokoukis is the DeWitt Wallace Fellow at the American Enterprise Institute where he runs the AEIdeas blog. He has also written for The New York Times, National Review, Commentary, The Weekly Standard, and other places.