Obama Claims Credit for Economic Boom [semi-satire]

As we move closer to the mid-term election day, the stream of favorable economic news following the Republican tax cuts and President Trump's moves toward deregulation has spurred former President Obama to step forward to try to make the case that his policies were the real source of the current boom.

In a speech at the University of Illinois, Obama attempted to persuade people that "the credit for the prosperity that is breaking out today truly belongs to me. The GOP tax cuts wouldn't have been as effective if taxes hadn't been so high during my term. Likewise for the deregulation. I mean, you can't have deregulation unless you first have regulation."

"And let me further remind everyone that today's historic lows in unemployment for minorities hasn't come without a significant cost," the former president maintained. "Every Black and Latino forced off of welfare and food stamps and into a job is a person who has lost a substantial portion of his former freedom. The freedom to loll around has value, yet no one is pointing out the discomforts faced by those who have lost this freedom."

Obama also wondered "whether herding minorities into wage-slavery might be evidence of Trump's racism. The disproportionate racial impacts heralded by Trump and his ilk seems to vindicate Joe Biden's prediction that the Republicans aim to put Blacks back in chains—maybe not literal chains, but social pressure to accept jobs when you'd really rather have the time to yourself. We need to resist this kind of bullying by electing Democrats who will undo the damage done by Republicans over the last year and a half."

The former president's pitch relies on the premise that minorities would prefer to be lazy louts rather than working to support themselves and their families. The evidence that might confirm this premise is mixed. On the one hand, Trump's approval ratings among Blacks have breached the 30% mark. On the other hand, nearly 70% still disapprove of the President.

In related news, the South African government's plan to expropriate white farmers' land and maybe kill them at some point in the not too distant future has been followed by a drastic 29% decline in agricultural output this year. President Cyril Ramaphosa blamed the anti-social attitudes of whites for the decline contending that "just like Stalin, we are faced with our own kulak saboteurs who place their own well-being ahead of the demands of the collective. We will isolate these enemies of the state and subject them to a harsh lesson."

if you missed any of this week's other semi-news/semi-satire posts you can find them at...

I could go and safely say that maybe for the first 60 days of the Trump period....things were operating on an Obama-plan. That would make some sense. Beyond June of last year? No. It’s simply not possible.

Here’s the thing to think about. All this good news...it’s just for 18 months. When we reach 2024, with probably around 4.5 million new jobs created by the Trump-solution and the GDP hitting 4-percent to 6-percent for almost all of the eight years...the Obama talk won’t go too far.

Obama said this boom could not happen. He said we could not get this many jobs. He can’t take credit for something he said will never happen.

Plus, take the night Trump won. The market was down 900 points. That was the democrats and globalists selling. Then take the roar of the market back 1000 points in the same 24 hour period and an other 4000 points in the next 18 months. That was the market saying the government is not against us any more. Take the business optimism surveys and the household optimism surveys. They jumped after Trump was elected. There is no doubt that just his election caused the market to turn around. Then his policies pushed the market to all time highs.

But the market is nothing if the employment by every metric did not beat Obama’s metrics. There are more people employed now. There is a higher percentage of people working now. The workers are making more money. And its still growing. Even with Trump starting several trade wars and the Fed raising interest rates. If Trump wins more of these trade wars like with the EU and Mexico, the US will hit a new level of prosperity the world has never seen.

And don’t listen to the crap of over spending. Obama raised the debt by more than a trillion dollars every year he was in office. Trump is raising the debt but by less in real dollars and by half in percentage of debt. And also buy far less in terms of GDP. Obama went from 10 Trillion to 20Trillion. Trump has raised the debt 1.4 Trillion. And that is with higher interest rates.

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