Obama Policies Fueled Our Economic Boom. Don’t Let Trump And His Rich Man’s Tax Cut Steal The Credit

[jc456]

Other work by Ian Relfowitz, the writer of this opinion piece:

“Eight Years Later, I Still Believe in Obama’s America,” Huffington Post, 1/17/16

“One Officer Was Indicted For Murdering Sam Dubose; What About The Officers Who Lied To Cover It Up?” TruthVoice, 8/2/15

“George Stinney: How the Tragic Death of One Black Teen Shares Similarities to So Many Others,” Huffington Post, 02/4/15

“Elizabeth Warren Needs To Run For President—Even If She Doesn’t Want To,” In These Times, 11/20/14

“Today Show Nabs Soldiers Who Scam Thousands, Ignores Corporations That Scam Billions,” In These Times, 10/6/14

“Wanna Know Why Republicans Can’t Give Up Calling Obama ‘Not American’? They’ve Got Nothing Else. Huffington Post, 07/28/14
.

those titles alone want to make me barf.

 

[Lakhota]

8 years of Obama, some good, some bad, lots in the middle, but must be given at least some credit for getting us through a very bad time that was thrown at him from day one.it's a big hard job to start with, the big banks failing, was scary.

Things could have been better if President Obama had some help. Instead, all he received was obstructionism.

 

[jc456]

Donald Trump is good at certain things. (Please take a deep breath and don’t throw your mouse or laptop at the wall.) I have not come to praise Mr. Lost The Popular Vote By 2.9 Million. But the truth is the truth—even if the truth is something Trump wouldn’t recognize if it landed right on the dyed bird’s nest that covers his dome. In any case, we must acknowledge that the man has demonstrated the ability to shape the media narrative for his own nefarious purposes.

For example, when the term “fake news” first gained widespread usage during the 2016 campaign, it most often referred to anti-Hillary, pro-Trump stories planted by non-journalists on social media. Trump, however, has over the past year co-opted the term successfully enough so that, for many, it now primarily refers to mainstream journalists’ supposed anti-Trump bias. Similarly, he has sought to control the narrative about the strong performance of the American economy, and last week’s passage of the rich man’s tax cut is going to be a crucial pivot point in that narrative. The mainstream media and the American people simply cannot allow him to control it the way he has controlled the narrative on fake news.

Throughout his time in the White House, Trump has been obsessed with denigrating the accomplishments of Barack Obama (Think: “Obamacare is imploding”—it isn’t, but who knows what will happen next year as a result of Trump’s repeal of the individual mandate and other steps taken to sabotage the health care law).

Washington Post fact-checker Nicole Lewis offered a detailed comparison of the economy under Trump thus far and Obama. There’s far too much detail to go into here, but here are some highlights. First, the stock market growth in Trump’s first 10 months doesn’t look nearly as impressive when you learn that it is no better than the market’s performance in peer countries like the UK, Germany, and Japan. This isn’t a Trump bull market, it’s a global one. By comparison, under Obama the U.S. stock market, as measured by the S&P 500, not only tripled over eight years, it significantly outperformed the markets in those same peer countries.

Job growth under Trump lags behind job growth under Obama (in a comparable time period, i.e., February through November) in each of the previous four years, and five out of the last seven years of the Obama presidency. And while we’re on the topic of media narrative, Trump now touts the big drop of about one-half of 1 percent in the unemployment rate since he took office, but while Obama was president he denigratedthe unemployment rate as “nonsense.” That’s not surprising given that it fell almost five points during the final five years of the Obama presidency.

Overall, the economy under Trump thus far looks no better by most measures than the economy in the last years under Obama. Furthermore, whereas Trump inherited the strong Obama economy, Obama inherited the Great Recession from George W. Bush—the worst economic crash since the Great Depression. That crash followed years of Republican control of Congress and a round of tax cuts whose benefits flowed mostly to the wealthy (sound familiar?). Until the passage of the Trump tax scheme, there were no significant changes to the economic policies put in place during the Obama presidency—policies that brought our economy out of the Great Recession and which have given us the longest lasting period of job growth in our history.

Trump’s comments above about his tax scheme and “rocket fuel” make clear that he will go even further than he has so far in claiming credit for anything good happening in the economy. He and his right-wing minions have in fact begun doing so. Here’s a headline from the Conservative Review: “The Trump tax cuts are ALREADY raising wages” (all-caps makes it much more convincing, doesn’t it?). Don’t buy it. As Conor Sen at Bloomberg explained, the rich man’s tax cut is merely the “excuse to raise wages. The tight labor market is the real reason.” And of course the tight labor market reflects years of a strong economy bequeathed to us by none other than President Barack Obama. Don’t let Donald Trump steal the credit.

More: Obama Policies Fueled Our Economic Boom. Don’t Let Trump And His Rich Man’s Tax Cut Steal The Credit

Trump continues riding President Obama's coattails and trying to steal his thunder. President Obama gave us a stable and sustainable economy; whereas, Trump is trying to give us a rocket ship economy that may propel us into another Great Depression. The current economy does not need deregulation and tax cuts for stimulation.

I'm really glad that obummer left. he's done more since he's been gone then he ever did as president. Thanks to trump for letting it ride then right? ya-----hooooo

good thing he kept all those regulations and shit to keep it going. right?

Oh wait.....hmmmmmmmmm something happened with the regs, did they actually keep prosperity from occurring for the years under obummer? yes they did. thanks Donald, you unleashed the obummmer fuel.

You can't name a single significant regulation that is gone.

I don't need to.

 

[jc456]

8 years of Obama, some good, some bad, lots in the middle, but must be given at least some credit for getting us through a very bad time that was thrown at him from day one.it's a big hard job to start with, the big banks failing, was scary.

Things could have been better if President Obama had some help. Instead, all he received was obstructionism.

when a president does not want to negotiate, it's what's left. I just remember the old line, elections have consequences. LOL. Right? he got his.

 

[jc456]

U.S. department store stocks jump on holiday spending record

Trump tax cuts are why the economy is stronger than ever. All the other nations are losing their shit as corporations and jobs set sails towards America and freedom.

And so, the snowflakes melt.

U.S. Consumer Confidence Falls in December From 17-Year High

Yeah, that’s why there was record retail sales.

Link?

again, the left is saying that when obummer left all turned good. They fking agree with us.

 

[Lakhota]

8 years of Obama, some good, some bad, lots in the middle, but must be given at least some credit for getting us through a very bad time that was thrown at him from day one.it's a big hard job to start with, the big banks failing, was scary.

Things could have been better if President Obama had some help. Instead, all he received was obstructionism.

when a president does not want to negotiate, it's what's left.

Who said President Obama didn't want to negotiate? Give us some "credible" proof.

Obama's Learned the Lesson: Negotiating With the GOP Is a Dead End

 

[Wyatt earp]

Don't let Trump steal Obama's credit.​

Only in a liberal mind do they think an anti business president was better than a pro business president



It was Quantitive easing that helped Wall Street


It was red State govenors who got the jobs



Obama didn't do shit except slow it down with Obama care , with his fucking EPA

President Obama was great for the economy. He gave us a stable and sustainable economy as he lifted us from the Great Bush Recession - while also trying to keep us from choking to death on coal fumes and pollution.

Name his policy's , like how he signed over 80% of bush tax cuts perment in 2013 and unemployment went from 8% to 4.9% in 2016?

Like how he tried to take credit for the Republicans austerity that slowed down Obama's B.S?


Like how the Republicans killed Obama's unemployment 99 weekers and they finnaly got a job ?

Like how Obama tried to prevent jobs In South Carolina ( illegal and unconstitutional)

 

[jc456]

8 years of Obama, some good, some bad, lots in the middle, but must be given at least some credit for getting us through a very bad time that was thrown at him from day one.it's a big hard job to start with, the big banks failing, was scary.

Things could have been better if President Obama had some help. Instead, all he received was obstructionism.

when a president does not want to negotiate, it's what's left.

Who said President Obama didn't want to negotiate? Give us some "credible" proof.

everyone who worked with him on the other side of the aisle. remember, elections have consequences. It's all you need to know to know that.

 

[Wyatt earp]

8 years of Obama, some good, some bad, lots in the middle, but must be given at least some credit for getting us through a very bad time that was thrown at him from day one.it's a big hard job to start with, the big banks failing, was scary.

Things could have been better if President Obama had some help. Instead, all he received was obstructionism.

when a president does not want to negotiate, it's what's left.

Who said President Obama didn't want to negotiate? Give us some "credible" proof.

Pen and a phone

 

[Lakhota]

8 years of Obama, some good, some bad, lots in the middle, but must be given at least some credit for getting us through a very bad time that was thrown at him from day one.it's a big hard job to start with, the big banks failing, was scary.

Things could have been better if President Obama had some help. Instead, all he received was obstructionism.

when a president does not want to negotiate, it's what's left.

Who said President Obama didn't want to negotiate? Give us some "credible" proof.

everyone who worked with him on the other side of the aisle. remember, elections have consequences. It's all you need to know to know that.

In other words - you have no "credible" proof.

 

[jc456]

8 years of Obama, some good, some bad, lots in the middle, but must be given at least some credit for getting us through a very bad time that was thrown at him from day one.it's a big hard job to start with, the big banks failing, was scary.

Things could have been better if President Obama had some help. Instead, all he received was obstructionism.

when a president does not want to negotiate, it's what's left.

Who said President Obama didn't want to negotiate? Give us some "credible" proof.

everyone who worked with him on the other side of the aisle. remember, elections have consequences. It's all you need to know to know that.

In other words - you have no "credible" proof.

I told you, from his own words, elections have consequences. what more do you need?

 

[Toddsterpatriot]

In Less Than A Year, Trump Has Stripped Back Workers’ Ability To Unionize

Trump is harmful to workers' rights.

Excellent! Crush those unions!!!

 

[Bootney Lee Farnsworth]

Donald Trump is good at certain things. (Please take a deep breath and don’t throw your mouse or laptop at the wall.) I have not come to praise Mr. Lost The Popular Vote By 2.9 Million. But the truth is the truth—even if the truth is something Trump wouldn’t recognize if it landed right on the dyed bird’s nest that covers his dome. In any case, we must acknowledge that the man has demonstrated the ability to shape the media narrative for his own nefarious purposes.

For example, when the term “fake news” first gained widespread usage during the 2016 campaign, it most often referred to anti-Hillary, pro-Trump stories planted by non-journalists on social media. Trump, however, has over the past year co-opted the term successfully enough so that, for many, it now primarily refers to mainstream journalists’ supposed anti-Trump bias. Similarly, he has sought to control the narrative about the strong performance of the American economy, and last week’s passage of the rich man’s tax cut is going to be a crucial pivot point in that narrative. The mainstream media and the American people simply cannot allow him to control it the way he has controlled the narrative on fake news.

Throughout his time in the White House, Trump has been obsessed with denigrating the accomplishments of Barack Obama (Think: “Obamacare is imploding”—it isn’t, but who knows what will happen next year as a result of Trump’s repeal of the individual mandate and other steps taken to sabotage the health care law).

Washington Post fact-checker Nicole Lewis offered a detailed comparison of the economy under Trump thus far and Obama. There’s far too much detail to go into here, but here are some highlights. First, the stock market growth in Trump’s first 10 months doesn’t look nearly as impressive when you learn that it is no better than the market’s performance in peer countries like the UK, Germany, and Japan. This isn’t a Trump bull market, it’s a global one. By comparison, under Obama the U.S. stock market, as measured by the S&P 500, not only tripled over eight years, it significantly outperformed the markets in those same peer countries.

Job growth under Trump lags behind job growth under Obama (in a comparable time period, i.e., February through November) in each of the previous four years, and five out of the last seven years of the Obama presidency. And while we’re on the topic of media narrative, Trump now touts the big drop of about one-half of 1 percent in the unemployment rate since he took office, but while Obama was president he denigratedthe unemployment rate as “nonsense.” That’s not surprising given that it fell almost five points during the final five years of the Obama presidency.

Overall, the economy under Trump thus far looks no better by most measures than the economy in the last years under Obama. Furthermore, whereas Trump inherited the strong Obama economy, Obama inherited the Great Recession from George W. Bush—the worst economic crash since the Great Depression. That crash followed years of Republican control of Congress and a round of tax cuts whose benefits flowed mostly to the wealthy (sound familiar?). Until the passage of the Trump tax scheme, there were no significant changes to the economic policies put in place during the Obama presidency—policies that brought our economy out of the Great Recession and which have given us the longest lasting period of job growth in our history.

Trump’s comments above about his tax scheme and “rocket fuel” make clear that he will go even further than he has so far in claiming credit for anything good happening in the economy. He and his right-wing minions have in fact begun doing so. Here’s a headline from the Conservative Review: “The Trump tax cuts are ALREADY raising wages” (all-caps makes it much more convincing, doesn’t it?). Don’t buy it. As Conor Sen at Bloomberg explained, the rich man’s tax cut is merely the “excuse to raise wages. The tight labor market is the real reason.” And of course the tight labor market reflects years of a strong economy bequeathed to us by none other than President Barack Obama. Don’t let Donald Trump steal the credit.

More: Obama Policies Fueled Our Economic Boom. Don’t Let Trump And His Rich Man’s Tax Cut Steal The Credit

Trump continues riding President Obama's coattails and trying to steal his thunder. President Obama gave us a stable and sustainable economy; whereas, Trump is trying to give us a rocket ship economy that may propel us into another Great Depression. The current economy does not need deregulation and tax cuts for stimulation.

Obama deliberately jumped on the economic brakes to attempt to take America down a few notches so socialists countries would have a snowball’s chance. Never vote for a commie in America (Obama). We will all suffer long and hard.

 

[PhotoPilot]

Obama's economy had already chased Burger King to Canada and dozens of others to re-locate.

No, they moved their corporate HQ's to Canada, but the restaurants are all still in the US. You conflate moving a tax haven to moving production, and you do that because you are an idiot.

Obama's tax and spend socialism was putting the US on course to end up like GREECE, the Democrat "model" of left wing utopia....

Trump has created fewer jobs in 2017 than Obama did in 2011, 2013, 2014, 2015, and 2016.

Obama grew the S&P 500, NASDAQ, and the Dow Jones more in his first year than Trump did in his first year...and Obama had a recession for half his first year. So what's Trump's excuse? The economy's too good for him to have better gains than Obama? LOL!

You believe statistics put out by the government? LOL

 

[Lakhota]

Republicans wouldn't even allow a vote on President Obama's SCOTUS nominee that he was entitled to. Instead, they held up Merrick Garland for a year and then approved Gorsuch with only 51 votes - instead of the usual 60 votes for a SCOTUS nominee.

 

[jc456]

Republicans wouldn't even allow a vote on President Obama's SCOTUS nominee that he was entitled to. Instead, they held up Merrick Garland for a year and then approved Gorsuch with only 51 votes - instead of the usual 60 votes for a SCOTUS nominee.

thank you Harry Reid. I love it when the left's own bullshit bites them.

 

[Wyatt earp]

8 years of Obama, some good, some bad, lots in the middle, but must be given at least some credit for getting us through a very bad time that was thrown at him from day one.it's a big hard job to start with, the big banks failing, was scary.

Things could have been better if President Obama had some help. Instead, all he received was obstructionism.

when a president does not want to negotiate, it's what's left.

Who said President Obama didn't want to negotiate? Give us some "credible" proof.

everyone who worked with him on the other side of the aisle. remember, elections have consequences. It's all you need to know to know that.

In other words - you have no "credible" proof.

Still can't think of no policy's Obama did to help the economy?

Who started bailing out Detroit?

Bush jr

Tarp?

Bush Jr

Tax cuts ?

Bush Jr

Onama didn't do crap ..

 

[Wyatt earp]

Republicans wouldn't even allow a vote on President Obama's SCOTUS nominee that he was entitled to. Instead, they held up Merrick Garland for a year and then approved Gorsuch with only 51 votes - instead of the usual 60 votes for a SCOTUS nominee.

thank you Harry Reid. I love it when the left's own bullshit bites them.

Only a lefty would get burned by their own B.S.



Lol

 

[Lakhota]

Things could have been better if President Obama had some help. Instead, all he received was obstructionism.

when a president does not want to negotiate, it's what's left.

Who said President Obama didn't want to negotiate? Give us some "credible" proof.

everyone who worked with him on the other side of the aisle. remember, elections have consequences. It's all you need to know to know that.

In other words - you have no "credible" proof.

Still can't think of no policy's Obama did to help the economy?

Who started bailing out Detroit?

Bush jr

Tarp?

Bush Jr

Tax cuts ?

Bush Jr

Onama didn't do crap ..

Funny. So, what exactly did President Obama spend money on?

 

[jc456]

when a president does not want to negotiate, it's what's left.

Who said President Obama didn't want to negotiate? Give us some "credible" proof.

everyone who worked with him on the other side of the aisle. remember, elections have consequences. It's all you need to know to know that.

In other words - you have no "credible" proof.

Still can't think of no policy's Obama did to help the economy?

Who started bailing out Detroit?

Bush jr

Tarp?

Bush Jr

Tax cuts ?

Bush Jr

Onama didn't do crap ..

Funny. So, what exactly did President Obama spend money on?

single moms and iphone giveaways and cars for clunkers to kill used car sales, and shovel ready jobs that weren't actually ready. and did I say single moms and iphone giveaways? LOL