There are some facts exposed by the Gateway Pundit that Democrats are going to react to like a cat in a bathtub. For starters, they point out that it can be statistically proven that “BARACK OBAMA Was [The] Worst Economic President Since 1949″ and is “the only President to have not had even one year of 3% GDP growth.”
As practically the entire world laughs (at least those invested in the economy), the Washington Times is reporting that Obama is taking credit for the uptick that we are seeing in the market now. As he spoke at a conference of mayors, the former president gloated and congratulated himself.
“As we took these actions, we saw the U.S. economy grow consistently,” he said. “We saw the longest streak of job creation in American history by far, a streak that still continues by the way.”
He added, “Thanks, Obama.”
This has to be the most embellished story ever told! It is clear that the markets have responded with confidence in President Donald Trump, a confidence that was earned when he destroyed the TPP before he even took his coat off after the oath.
Obama, on the other hand, never was able to get our economy flourishing after the housing crash, he gave the bankers that caused it a fat check from the taxpayers, and then when that money got reinvested he called it a success.
The fact is, Trump has caused investors to relax and his promises of deregulation are going to help even the smallest family business, so they are showing that hope today. Similarly, Trump has earned the 30% increase seen in the stock market that has come since he bested “Crooked Hillary” last year at this time.
In less than a year in office, we are seeing the “gross domestic product” increased by “more than 3 percent in each of the past two quarters.” None of this had anything to do with Obama, but rather, people having more money to spend now they won’t be getting fined for not being able to afford insurance, for example.
The jobless rate is at a 17-year low, sitting at 4.1%. This is a number that Obama could never have managed if he had been president for the next decade.
The Obama economy was hardly showing any life at all, and while not sinking as it was during most of his eight rather unproductive years, it was nothing like what we are seeing today.
Thankfully, this is only the beginning.