The doomsday the left predicted was actually what occurred. No one would argue that. Left wing nuts are saying its the result of the Obama economy now....I can’t believe people are stupid enough to believe that. The effect of the middle class tax cuts was blunted by the Fed increasing interest rates. The interest rate increase has damaged the federal budget and is adding to debt. The left clearly held back the economy, that kept interest rates down, which mostly benefited the very rich.
Yes, the left was stunningly wrong. Yes, supply side economics works. Yes, the 12 trillion (more than all previous POTUS’s combined) that Obama left is a debt bomb that is slowly exploding into more debt.
There is a meme out that has a picture of Obama and four economy related graphs, each made up of two data points about unemployment rates, stock market, etc. The first is from a time near the end of the Bush 2 administration, when the country’s fiapnancial picture went into a tailspin. The second is at the end of the zerO administration. Of course, things financial began to improve as soon as Trump was elected.
The graphs are very misleading, just like basing “global warming” data on the starting temperatures of the mid-seventies, when scientists were predicting a coming mini-ice age. In both cases, a look at a graph showing some years before the carefully chosen start would give a very different picture.
People are not stupid who believe it but they are misled.