Posted on 09/12/2018 9:13:37 AM PDT by SeekAndFind
Barack Obama is on the road attempting to claim credit for the booming economy under President Trump. But the only thing Obama deserves credit for is making it easy for Trump to undo Obama's anti-growth policies.
For eight years, President Obama presided over the worst economic recovery in modern times. For six years, he blamed Republicans in Congress for thwarting his spending agenda and hampering growth. In his last two years in office, he claimed that 2% growth was the best we could hope for. And in his last year in office, while the economy was again stalling out, Obama claimed that Trump's tax cuts and deregulation would only make things worse.
But now that we're in the midst of a booming economy — which kicked in after Trump reversed almost all Obama's economic policies — we're supposed to believe that it's Obama who deserves all the credit.
Yep. That's precisely what Obama and his Amen Chorus in the press want us to believe.
In his speech in Illinois last Friday, Obama complained that Republicans were taking credit for his work.
"When you hear how great the economy's doing right now, let's just remember when this recovery started," he said. "I mean, I'm glad it's continued, but … suddenly Republicans are saying it's a miracle."
This week, White House Council of Economic Advisers Chairman Kevin Hassett wisely set the record straight. At a briefing on Monday, he noted that just about every important economic indicator showed the economy was stalling out in Obama's last year.
Hassett explained that small business optimism had been on the decline before the November 2016 election. The percentage of businesses saying it's a good time to expand was, too. Business investment was stagnant. All those turned upward starting in 2017.
(Excerpt) Read more at investors.com ...
The stock market also was stuck in neutral the year before the November 2016 elections. The Dow is up by some 45% since then.
Real median family income didn't budge from August 2015 to November 2016, according to Sentier Research. It's up more than 4% since Trump came into office. Wages are on the upswing.
In Obama's last year, unemployment rate remained basically unchanged — it was 4.9% in Jan 2016, and 4.8% when Trump took office in Jan. 2017. Now it's down to 3.9%
We could go on.
Meanwhile, the same reporters now patting Obama on the back for today's strong economy were reporting in late 2016 about how — as The New York Times put it — "the underlying reality of low growth will haunt whoever wins the White House."
“Barack Obama is on the road attempting to claim credit for the booming economy under President Trump.”
An economy he said President Trump could not create....now that he has, it’s “I Did that!”. makes me sick.
Realistically, the MSM reported he said it. I don’t remember anyone really saying geez, Obama is right. Few would actually call O the liar he is. His comments were a big nothingburger
https://youtu.be/qoIhgYtVQGU
The Obama Recession is finally over.
Hey Bonzo! “You didn’t do that! Other people did that.”
Forgive the Muslim eunuch quota baby.
He’s 51 cards short of a full deck and he is trying as hard as he can.
What a loathsome POS.
Oops, forgot my first sentence.
Let’s stick with loathsome POS.
Washington, DC, September 11, 1866 (AP) — Former President James Buchanan today claimed that the current overall rapid economic growth rate and the growing per capita income figures for African-Americans were the direct result of his administration’s policies. Speaking with reporters when leaving a social gathering in Georgetown, Mr. Buchanan said that it simply took time for his policies to have the intended effect.
When asked by reporters how it is that he could take credit for growing economic opportunity for freed slaves when he expressly approved the Dred Scott decision, favored expansion of slavery into new states and territories and opposed emancipation, Buchanan replied that he would not be baited into an argument by Lincoln-worshipping Republican media.
Buchanan also decried the current lack of civility in politics and deflected questions about his role in dividing the country so badly that civil war broke out immediately after his term of office. He said that Lincoln and the Republicans were solely to blame for the outbreak of war.
It actually did start when Republicans took back congress, before Obama left. And let’s not forget when the recession started; when the RATs took congress in January of ‘07, before Obama was (s)elected. Obama accelerated the damage, as Trump has accelerated the recovery.
Buchanan hands down was the worst president ever.
Zero was not even in the realm of that level of incompetence.
It’s hilarious that Zero is trying to claim credit for things he and his acolytes said could not be done.
Watch: Obama Takes Credit for Job Numbers He Said Couldn't Happen
Here’s direct link.
Twitter ^ (You may need to unmute speaker in lower right corner of video.)
Jug Ears couldn’t find his way out of Chicago’s Mooselimb
Hookah store ..
Trump should tweet; Hey Obama, you didn’t build that.
Thank:
eight+ years of Federal Reserve low interest rates
Congressional corporate tax cut signed into law by Trump
TARP signed into law by Bush October 3, 2008?
Obama only ran his mouth and signed bills passed by Congress.
“Obama complained that Republicans were taking credit for his work.”
The guy worked while in the White House?
Some pointed out this claim is a victory of sorts. It means the Democrats are no longer denying there IS a recovery.
And someone would have to point our what SPECIFIC policies then are contributing to this? Surely they are not suggesting that his messiah presence was enough to move the economy? Not of this recovery is in the Green Sector, where Obama did make policy inroads.
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