Skip to comments.Economists agree: Trump, not Obama, gets credit for economy
Posted on 01/14/2018 6:57:30 AM PST by mandaladon
Who deserves credit for the booming economy? This is not a petty argument. How voters answer the question could well determine whether Democrats retake the House of Representatives come November.
Trump and Obama (and their admirers) are slugging it out, both claiming that it is their policies that have led to the ongoing economic expansion, steady job growth and higher stock prices.
Happily for President Trump, the pros agree with him. A recent survey of economists suggest it is President Trump, and not Obama, who should be taking a bow.
The Wall Street Journal asked 68 business, financial and academic economists who was responsible for the strengthening of the economy, and most suggested Mr. Trumps election deserves at least some credit for the upturn.
A majority said the president had been somewhat or strongly positive for job creation, gross domestic product growth and the rising stock market.
The pros cite the White Houses push for lighter regulation and the recent tax bill as critical to a pro-growth environment; more than 90 percent of the group thought the tax bill would boost GDP expansion over the next two years.
A year ago in the same survey, economists awarded President Obama mixed grades. Most saw his policies as positive for financial stability, but neutral-to-negative for GDP growth and negative for long-term growth. By contrast, Trump was seen as neutral to positive for long-term gains.
(Excerpt) Read more at thehill.com ...
That sneaky, smart Obama! He waited until he was out of office to unleash his recovery engine!
>>The MSM is doing a good job with Fake News...
It’s all they’ve got.
>>That sneaky, smart Obama! He waited until he was out of office to unleash his recovery engine!
Like an angry brat, Obama flipped the game board over as he stormed off and by a miracle, the pieces landed in the right place when it hit the ground. Since Obama is the Left’s Messiah, it must have been by his divine will.
The only things Obama should get credit for is running a corrupt admin., trying to interfere in elections, ours and Israel, trampling on civil rights, falsifying his selective service card, (funny business with his birth certificate), and being a big eared dork who never worked an honest day in his pampered life.
It was just 12/6/17 that Obama took credit for the economic boom...”Thanks, Obama” he said.
I’m surprised there’s even a question about this.
For the record, 0bama and his ilk TRIED to destroy the economy and the country.
Actually, Trump should have taken a page out of the 0bama playbook and claim for the first year that he ‘inherited the problem’, and whatever complaints from the press should be directed at the previous administration.
But then again, the current White House has too much class for that.
Don’t piss the ONE off. He may strike a bunch of us dead.
The half white guy who hated his white self...the stuff of
comic books and Hollyweird
The 2018 and 2020 elections will be watersheds. The Democrats will try to convince the American people to essentially forgo their economic well being, accept heavy handed government regulations and high taxes and to “fundamentally transform” their culture with open borders and even greater permutations of hedonistic debauchery. The MSM will support the Democrats every way possible and will castigate Trump mercilessly. Elections do and will matter. The country’s future is at stake.
The problem with Obama trying to take credit is how he/the media tried for 8 years to sell his lackluster and sluggish economy as ‘the new normal’. Recall how many times they suggested we would never return to the ‘good ole days’ of rapid growth and low unemployment.
Yet, from the day after the election, the economy started to show improvements. Companies announced new hiring goals. The Stock Market took.
Obama left behind a legacy of massive new regulations. And that is a huge negative, as history will eventually show. Trump dismantling many of those regulations is a massive force in moving the economy in a positive direction.
Obama gets credit for making the mess. Trump gets credit for starting to clean it up.
We have to be thankful to Pelosi. She is the perfect poster child for the insane and demented RATS. Heard her in recent speeches where she cannot even articulate her insanity any more. I don’t think she will be in the beltway that much longer. Her insane ramblings will be her Waterloo. Keep it up Nancy....along with your complicit mob of vote buyers.
So Obama gets credit for leaving so much on the table for Trump to take the credit. Thanks Obama.
It's called "individual freedom" and "People over Government," versus "government power" and "Government over People."
Obviously, "People over Government" wins every time it is tried.
Yes Sir! You saw right though Obama’s sneaky plan. LOL.
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