Trump Shutdown Obama’s Attempt To Steal Credit For These Economy

Advertisement

Trump Shutdown Obama’s Attempt To Steal Credit For These Economy.

Barack Obama stunned the nation today when he tried to take credit for President Trump’s economy. The truth is presidents always get too much credit and too much blame for a very complex economy.

“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 out.

You knew the Trump campaign would not stay silent and they just hit back and shut down Barack and his bogus attempt to hog the limelight.

Advertisement

Trump Shutdown Obama’s Attempt To Steal Credit For These Economy.

Following Report From Fox News:

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.”

Advertisement

“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.

Also

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 last 50 years.

Advertisement

Advertisement

TRENDING:REPORT: DOJ Employees Donated To Hillary Clinton’s Campaign Over Trump

Trump Shutdown Obama’s Attempt To Steal Credit For These Economy.

KINDLY SHARE THIS ARTICLE TO SUPPORT BREAKING WIDE

Advertisement

Comment Here