Barack Obama was easily one of the most destructive and economically illiterate presidents this country has ever had – the fact that we survived eight years of his so-called leadership is nothing short of a miracle. Thankfully, President Trump appears to be committed to reversing the harmful policies that were introduced in the Obama era, and as a result, the economy is heading upward.
While addressing world leaders assembled in the Swiss Alps, President Trump went into detail about how his policies are finally starting to revive the U.S. economy. “Consumer confidence, business confidence, and manufacturing confidence are the highest that they have been in many decades,” the president said. “Since my election, we’ve created 2.4 million jobs, and that number is going up very, very substantially. Small-business optimism is at an all-time high. New unemployment claims are near the lowest we’ve seen in almost half a century. African-American unemployment reached the lowest rate ever recorded in the United States, and so has unemployment among Hispanic-Americans.”
Naturally, the liberals are quick to twist the news of the growing economy in order to fit their far left, anti-capitalist agenda. The Associated Press, for example, recently reported that while “the economy is doing better by some measures,” data released by the Department of Commerce Bureau of Economic Analysis “shows it hasn’t yet accelerated meaningfully since his inauguration.”
“Hasn’t yet accelerated meaningfully?” Was the AP even around when Obama was dragging through eight years of what turned out to be one of the slowest so-called “economic recoveries” in decades? Did they not see the record number of people exiting the labor force, or the hundreds of businesses packing up and moving from blue states to red states in search of some relief? If the AP wants an example of an economy that didn’t “accelerate meaningfully,” perhaps they should look to the Obama years. (Related: Here are ten ways that Obama has actively sought to destroy America.)
Remember, Barack Obama was a community organizer from Chicago. He had never worked a single day in the private sector, and was completely disconnected with the way businesses operate by the time he became president. Therefore, instead of embracing capitalism to create jobs and economic prosperity, Obama simply opened up the left-wing strategy guide and did what every other progressive before him had done – increase spending, increase taxes, and increase regulations.
President Trump, by contrast, is decreasing regulations and lowering taxes, thereby allowing the people to keep most of what they earn allowing our economy as a whole to reap the benefits of the free market system.
Last month, The Wall Street Journal interviewed 68 economists regarding who they thought was responsible for the booming economy, and low and behold, the majority of them said that President Trump is the one that should be taking a bow, not Barack Obama.
Specifically, most of the economists said that President Trump was “somewhat” or “strongly” positive for job creation, GDP growth and the rising stock market, and that Trump’s decision to cut regulations and taxes were a major factor. Additionally, they said that Obama was “neutral-to-negative” for long-term economic growth, while Trump is “neutral to positive for long-term gains.” (Related: Parents rejoice as Donald Trump’s economic plan makes childcare expenses tax-deductible while eliminating the death tax.)
Above all else, President Trump is proving to the entire country that if job creation is the goal, then embracing the free market system is the only way to go about achieving it. Allowing the people to keep most of what they earn and creating a healthy business environment is exactly how you revive an economy that has been ripped apart by liberal policies for almost a decade.
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