Barack Obama takes credit for the Trump economy

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President Trump inherited a stagnant economy, weighed down with regulations and taxes. He reversed those practices and the economy took off. Today, former President Obama took credit for the Trump economy, falsely claiming his Recovery Act of 2009 paved the way for the growth we now see.

The Recovery Act was a giveaway of trillions of dollars that did not stimulate the economy. Instead, it was mostly a payoff to unions.

Obama takes credit:

THE FAILED RECOVERY ACT

Barack Obama is trying to rewrite history. In fact, he was noted for his jobless recovery. People couldn’t find work and dropped out of the workforce or took part-time jobs or full-time jobs beneath their capabilities.

Obama spent 3% of the Stimulus on shovel-ready jobs, although it was all supposed to go to jobs. He thought it was a joke.

Watch:

The GSA spent some of the Stimulus funds on a Las Vegas trip. There was no real oversight or controls put on the money.

Some of the Stimulus went to foreign workers. Billions for alternative energy were wasted. The biggest chunk of the taxpayer dollars went to HHS for Obamacare. It did nothing.

The Recovery Act failed miserably.

The cuts to taxes and regulations by President Trump greatly increased the revenue, but, unfortunately, the spending is still out of control.

President Trump said he would address it in his second term. That will be an uphill battle. The politicians simply don’t care. The fiscal conservatives are nowhere to be found.

THE RESPONSES


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Tim Shepperson
Tim Shepperson
5 years ago

Gee I wonder if the economy was tanking he would take credit. I’m guessing that he must have found the magic wand.

Kevin J Lankford
Kevin J Lankford
5 years ago

Only the ignorant, traitorous liars, or cowards,….referred to obama as president. B@zzt0rd born muslim ph@&&0t, who ain’t a natural born citizen of any where.

John Vieira
John Vieira
5 years ago

“It is honourable to lie to and deceive the infidel.” The exact same reasons that the Brits voted for BREXIT are why Americans voted for Trump, although many may not have realized that it was. The decline of America WAS induced and Obama was a major part of that inducement…Laying any claim to the “turn around” effected by Trump is insidiously calumnious, to say the least!!!

Jen
Jen
5 years ago

Many of us lost a lot of money on investments when 0 arrived. But at least he won the Nobel Peace Prize the first year he was in office. Now the NPP is now tainted.

Groucho Is My Favorite Marxist
Groucho Is My Favorite Marxist
5 years ago

You didn’t build that.