Thursday, June 15, 2017

Trump Continues To Take Credit For The Economy Built By President Obama
"Barack Obama took office in January 2009 amidst one of the greatest economic challenges the country had faced since the Great Depression. He and what would be a short-lived Democratic majority in Congress went to work to try and get things back on track, passing a stimulus bill with almost no help from Republicans. That stimulus was the jolt that got the economy moving again and led to 75 straight months of job growth and a final tally of some 11.3 million new jobs. And what did Donald Trump have to say about all that? He called the numbers "fake." According to him, true unemployment was at record levels. He even said it could be as high as 40 percent. But now that he has been in office for almost five months and the economic indicators continue to be strong, thanks in no small measure to the foundation that was built during the Obama years, suddenly the jobs reports are accurate and everything is coming up roses. On June 12 Trump noted that 1.1 million jobs have been created over the past seven months. That announcement gave pause to all of us who can count, since it meant that he was taking credit for job creation going back to his election, not just to his inauguration. And the simple fact of the matter is, according to economists, Trump can't claim credit for any job creation numbers yet."