Trump's economy is on fire, but Democrats aren't so hot (and that's why he'll win in 2020)

The U.S. economy is roaring. More voters rate the economy positively today than have since 2001.

According to spending data from June, Americans spent more at restaurants and retail locations than expected, while U.S. manufacturing output continues to rise.

As Federal Reserve Vice Chair Richard Clarida recently put it, "The U.S. economy is in a good, good place. We have a solid growth rate. We have a strong labor market. Inflation is stable."

He’s right. Economic growth is north of three percent in any given quarter — a far cry from the one- and two-percent levels during the Obama years.

Employers are creating jobs, employees are happy with raises, bonuses, and newfound job security, and a wave of consumer confidence has swept through the U.S. economy since the 2016 election. Homeownership is on the rise, as many Americans under 35 buy into real estate for the first time.