Why do people think that the economy is doing worse than it is?

The U.S. economy by most markers is performing admirably. According to the National Bureau of Labor Statistics, we have had 49 consecutive months of job growth. Unemployment is at a historic low of 4.7 percent, the average number of jobs created is holding steady at around 100,000 per month and real after-tax personal income has increased by 12.5 percent. Yet, according to a CNN poll, half of Americans think the country is in a recession. As Larry Elder writes today at TownHall.com, the reason can be found in the way that the media portray the economy. And that portrayal differs dramatically when a Republican is in office as opposed to a Democrat. . . . .