Trump Doesn't Mince Words after Obama Tries to Take Credit for Booming Economy; Here Are the Facts

Matt Margolis-Opinion : Feb 18, 2020
PJ Media

"He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing..." -President Donald Trump

[PJMedia.com] On Monday Barack Obama laughably tried to link his American Recovery and Reinvestment Act with the booming economy claiming it paved the way "for more than a decade of economic growth and the longest streak of job creation in American history." (Image: AP Photo-Andrew Harnik /via PJ Media)

President Trump didn't mince words and accused Obama of "trying to take credit" for the Trump economy.

"Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration," Trump tweeted. "He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers ever."

"Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN," Trump added.

Simply put, Trump is right. There have been eleven recessions since World War II, each of which was followed by a recovery. We did experience an economic recovery under Obama—it just happens it was the worst one. Here are the facts: All jobs lost in post-World War II recessions were recovered after an average of twenty-five months. But, it took seventy-seven months for employment to return to pre-recession levels, making Obama's recovery the slowest recovery of all of them, and by a wide margin. Obama is also the only president in U.S. history to have never had a single year of 3.0 percent or greater GDP growth... Subscribe for free to Breaking Christian News here

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