Obama is out there campaigning for socialists and trying to take credit for the glorious economy we’re all currently enjoying, and it’s absolutely nauseating. I mean, you’ve heard him, right?
Damn right he’s cherry picking. That whole figure that Obama is throwing around right now – that he created more jobs in his last 21 months than Trump has in his first, needs to be unpacked and untangled further. I mean, obviously, watch the video above, but also consider these inconvenient truths (at least – they’re inconvenient for Obama fans):
Remember when Obama was president, and there were record numbers of people who up and left the workforce because there were no jobs to be had? And remember how Obama then stopped COUNTING them in the unemployment figures? Yeah. You don’t get to be all “Look at all the jobs I made!” when in fact you’re pretending that around 15 million people have simply vanished from existence. Nice try, though.
And remember this gem, titled, “If Trump thinks he can get more than 3% economic growth, he’s dreaming?” that was published in the LA Times? Sooooooo, yeah. Is this a dream?
source: tradingeconomics.com
Oh, and guess what else? According to this, “Not only is the average annual growth rate of just 1.48% during Obama’s business cycle the weakest of any expansion since at least 1949, he has just become the only President to have not had even one year of 3% GDP growth.”
Ouchie.
And it gets ouchier. According to the same source, “Barack Obama is the only president in US history to never have a year of economic growth over 3.0%.”
BRUH. You basically doubled the national debt and got NOTHING for it. And you’re out there stumping that you’re some kind of economic wizard? Didn’t you say Trump would need a magic wand to achieve the results he’s achieved?
Oh yes. Yes you did.
So he said what’s happened would be impossible, but now that it’s happened, he is FREAKING TAKING CREDIT???? OMFG.
Remember when Obama was elected, and then within literally TWO DAYS, everyone lost 10% from their 401ks? And in just a few weeks, the market was down 22%? That was no accident, y’all. That was how businesses and consumers respond to what they KNOW will be disastrous policies coming their way. And you can expect the same to occur if Democrats win back the house.
And don’t forget, under Obama, 16 MILLION more people went on food stamps. 3.3 million more people fell below the poverty line.
The bottom line is this: Obama cannot take credit for economic optimism. He is like the optimism KILLER, as was clearly evident by the stock market the moment he took office. The EXACT OPPOSITE was true with Trump. Consumer confidence skyrocketed. People knew a change was a’comin’, and their spending habits reflected that. The economy grew, the tax cuts provided more money in everyone’s pockets, and that is ALL TRUMP. Add to that the fact that Trump is enacting more fair trade policies, he’s cutting regulations left and right, and companies are returning to the US – and you’ve got yourself winning economic policies. Obama was a FAILURE on almost every economic indicator, and if someone tells you otherwise, they are lying to you, to themselves, and to everyone.
Period.