#44 gets a schooling on how #45 gets jobs: ‘Better to remain silent and be thought a fool than to speak and to remove all doubt.’ ~ Abe Lincoln
Facts ma’am, just the facts. No President in modern history since the Great Depression had such anemic growth as under the management of #44. No President since that time has ever had less than 2.5% average annual GDP growth. Under #44, he averaged just 1.58% GDP growth – the worst EVER.
Funny how now #44 brags about something he signed in 2009, yet in the last year of his Presidency, the GDP growth was only 1.6% – a full 7 years later. It doesn’t take a rocket scientist to realize his vaunted ‘Economic Recovery Act’ was nothing more nor less than legislation that took advantage of the recession to loot the Treasury for big business #44 supporters.
Switch gears, however, and once the Trump Tax Act was passed, GDP growth took off to 2.4% in 2018 and 2.9% the following year.
It would be interesting to follow the money in #44’s ‘Recovery Act’, likely discovering it did nothing to stimulate private sector commerce, more to the point being perhaps, that it went to bail out unions, and to crony capitalists. It is doubtful the average American can point to a single act of #44 that triggered economic growth. If one partitioned the GDP by class, we might find the middle (working class) was actually in a recession while the dependent class held their own and expanded, and that wealthy elites prospered.
Now look at Trump’s economy and compare. You can debate the effect of his agenda, but everyone knows he cut job killing regulations, cut taxes, encouraged energy production, and re-negotiated trade deals more advantageous to the US.
No critical thinker could possibly believe that this is #44’s economy when Trump reversed every facet of it.
The truth is, any rational thinking American knows that the policies under #44 were intentionally meant to hurt the nation. While he was attempting to purposefully bring the country to its knees, Rob’EmBlind Clinton was expected to finish it off and then have a ‘whoopee’ party in celebration of all that loot to come their way.
Donald J. Trump, however, stymied the plot, actually caring about the well-being of all his fellow Americans, not just the privileged few, and desiring all to do better.
Andrea Widberg, American Thinker: ‘Trump slaps back when Obama tries to take Credit for Trump Economy’…
It’s been fascinating watching the Democrats try unavailingly to address the fact that the economy under President Trump has been rocket-fueled. That effort reached its apex on Monday when Barack Obama put out a tweet boasting about how it was his Recovery Act, which he signed on February 17, 2009, that not only saved the economy but laid the groundwork for its current strength. The responses to his tweet were swift, especially from President Trump.
One of the things that truly riles the Democrats is that President Trump has so much to crow about. And crow he did during his State of the Union address, making sure to distinguish his economic accomplishments from the Obama malaise.
During his speech, Trump boasted about 7 million new jobs, which is 5 million more than projected in the Obama years; the lowest unemployment rate in 50 years; the lowest unemployment rates ever for minorities; the lowest overall unemployment for women since WWII; the record number of working Americans; the contrast between food stamp rolls under Obama (10 million added) and under Trump (7 million subtracted, plus 10 million leaving welfare); the contrast between the workforce under Obama (300,000 Americans left it) versus Trump (3.5 million joined it); the 47% gain in wealth for the bottom half of wage earners, a result of their rising wages (“a blue-collar boom”); the highest ever real median household income; the soaring stock market; and the unprecedented growth in consumer confidence.[-]
[+] … “President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,” Trump campaign national press secretary Kayleigh McEnany said. “Obama and Biden orchestrated the worst economic recovery in modern history.”
She added: “By contrast, though, deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans.”
“Paychecks are growing at the fastest pace in a decade and twice as fast for low- and middle-income Americans,” she continued. “It’s no wonder Democrats seek to take credit for the Trump economy after eight years of betraying blue-collar workers and inflicting pain upon the middle class as Americans everywhere suffered. But the failed days of Democrat stagnation are over, and the soaring Trump economy is here to stay.”[-]
Read full expose in link below, plus all the tweets, barbs, and triumphs; classic…
After his seventh year in a row of GDP growth under 2% (the only President to ‘accomplish’ that, by the way), #44 told us it was the ‘new normal’ and we needed to get used to low growth. He said it was simply impossible for the US economy to achieve high growth rates anymore in a global economy.
Enter into the fray Donald Trump on the campaign trail, promising that as President he would adopt policies that would bring jobs back to the United States, against which #44 mocked him, saying ‘How’s he going to do that, with a magic wand? I’ve got news for him. Those jobs aren’t coming back.’ (see video link below ‘Rinse and Repeat; Rinse and Repeat’)
I guess #44 forgot these outrageous mumblings, which is always a problem for all liars. Not a one of them have a good enough memory to be successful.
Unlike our Warrior-President Donald J. Trump, that is, generally successful on everything he’s touched!
And on that note, time for today’s MAGA Pill – President Trump MAGA! KAG!
President Trump slaps back when #44 tries to take credit
Plus Investopedia: Fully Explaining the Trump Tax Reform Plan
And #44 all doom and gloom: Rinse and repeat; Rinse and Repeat