Sunday, March 29, 2020

Obama Tries to Take Credit for Trump’s Economy. Trump Quickly Shoots Him Down.

 

Trump Derangement Syndrome appears to have taken its highest-profile victim yet, as former President Barack Obama tried to take credit for record economic growth that occurred after he left office.

“Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama tweeted last week, claiming job growth under Trump is because of his bailouts and spending programs.
 


While the monthly job growth numbers under Trump are the same as under Obama, Obama failed to mention the length of that growth has broken records because Trump signed tax cuts and slowed the growth of federal regulations.

Economic growth under Obama was hampered by crippling regulations and programs that gave preferential treatment to companies with ties to Obama donors, while economic growth under Trump has been because Washington got out of the way.

Trump reminded Obama in his usual subtle fashion.

“Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration. He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers….,” Trump tweeted.

“….ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN. If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!,” Trump continued.
 


His official spokesperson was more succinct.

“Obama and Biden orchestrated the worst economic recovery in modern history,” Trump campaign spokeswoman Kayleigh McEnany said in a statement. “By contrast, through deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record.”

It appears the Democrat strategy for 2020 is to point to economic growth under Trump and claim, “You didn’t build that.” It’s up to Trump and Republicans to make a case for tax cuts and deregulation.
 

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