[quote]Obama's economy on autopilot. {/quote]
Another LIE.
https://www.cnsnews.com/commentary/daniel-mitchell/trumps-economy-vs-obamas-economy
Writing in the Wall Street Journal, former CEO Andy Puzder claims that Trump easily wins over Obama when you look at the numbers:
“For eight years under President Obama, the growing burden of government suppressed the economic recovery that should have followed the recession of 2008-09. Mr. Obama nonetheless has claimed responsibility for today’s boom, asking Americans in September to ‘remember when this recovery started.’ Yet it wasn’t until President Trump took office that the economy surged. … The result is a rising tide that is lifting boats across every class and region of the country. … Today unemployment rests at 3.7%, near a 50-year low. Since the government began reporting the data, unemployment has never been as low as it is today for African-Americans, Latinos, Asians and people with only a high-school education.”
It’s certainly good news that unemployment rates have dropped. But labor-force participation numbers still haven’t fully recovered, or even come close to fully recovering, so the data on jobs is not quite as impressive as it sounds.
That being said, Puzder has a compelling indictment of Obama’s performance:
“During a typical recovery, the economy grows at a rate between 3% and 4%, and the Obama administration predicted such a surge in its 2010 midsession review. It never came. The ‘recovery’ of those years often felt much like a recession.”
Amen. This echoes my criticism of Obamanomics. He made the U.S. a bit more like Europe, so it’s no surprise that growth was weak.
Let’s now look at Puzder’s evidence that Trump has done a better job. He compares the end of the Obama economy with the beginning of the Trump economy:
“GDP growth staggered along at 1.5% in Mr. Obama’s final six full quarters in office. … growth doubled to 3% during Mr. Trump’s first six full quarters. …
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