Trump campaign fires back after Obama claims credit for economic boom
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Thread: Trump campaign fires back after Obama claims credit for economic boom

  1. #1
    "You talkin to me?" NGF Addict! Viper123's Avatar
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    Default Trump campaign fires back after Obama claims credit for economic boom

    always some damn something to belittle, undermine, cut, and just plain down play POTUS

    Trump campaign fires back after Obama claims credit for economic boom

    The Trump campaign fired back Monday after former President Barack Obama, in a subtle swipe at [Only registered and activated users can see links. ] claimed credit for the economic gains in both their terms.
    Obama tweeted Monday morning to note the anniversary of his signing the 2009 [Only registered and activated users can see links. ] stimulus package.
    “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, alongside a photo of his signature on the bill.
    But the Trump campaign, in a statement to Fox News, countered that the economy is only recovering because of the actions Trump took to undo his predecessor's policies.
    “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.”
    Obama and his allies have long touted the impact of the $787 billion economic stimulus package, also known as the American Recovery and Reinvestment Act. The measure was passed and signed in February 2009 — about 14 months after the recession began in December 2007 and about eight months before the national unemployment rate peaked at 10 percent in October 2009.
    The stimulus package was controversial at the time considering the size and scope of it, and its impact remains a matter of dispute. Obama officials, though, routinely credited the legislation with helping set the economy back on track following the historic recession, and claim it established the groundwork for economic gains under Trump.
    Under the Obama administration, the unemployment rate fell steadily after reaching a high of 10 percent early in his first term, but it has continued to fall under Trump. The unemployment rate is currently at the lowest it's been in the[Only registered and activated users can see links. ]
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    Meanwhile, the stock market has surged under Trump. According to a Fox Business analysis, the stock market grew 31 percent in the 807 trading days before Trump's election, but grew by 56 percent in the 807 trading days after it, up through the third anniversary of Trump's inauguration this January.
    Also under the Trump administration, workers' wages rose, but according to the Fox Business analysis, had been rising slightly faster prior to Trump's first term.
    Brooke Singman is a Politics Reporter for Fox News. Follow her on Twitter at [Only registered and activated users can see links. ].

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  2. #2
    Grand Imperial Poobah NGF Addict! Mad Scientist's Avatar
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    O-hole couldn't get the economy going after eight years of "shovel-ready jobs", "cash for clunkers", and other incentives. President Trump comes in slashes taxes for both citizens and businesses, cuts regulations, re-starts coal production, allows fracking, allowed the Keystone oil pipeline construction, re-negotiated trade deals, etc., etc., etc.. And now O-hole wants to take the credit! O-hole is an asshat.
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    Seems strange the Obama takes the credit when IIRC he claimed that 1%-2% growth in GDP was the new normal and the best we would see in the future given the state of the NEW World economics.
    Any merchant can tell you, of your gross and net growth does not exceed that of the population growth of your market, then you will eventually fail. Doesn't matter if you are a retail store or a government. The larger your growth, the better you fair.
    Obama's only interest in growth was that of our enemies.

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  5. #4
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    Obama is bad and pathetic "history". The employed of today and business owners know the score.and who is to receive credits for the upturns.

    All we can say to Obama on this subject is, "Hey. "barry"! You didn't build - or correct - this economy. Somebody else did! And Joe the Plumber sends his regards."


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