Obama Tries To Take Credit For The Growing Economy — Twitter Takes Him To Truthtown

Written by K. Walker on February 18, 2020

With his legacy decimated, former-President Barack Obama is grasping at straws.

This one is a doozie.

Barry has long been trying to claim credit for the jumpstart to the economy after the election of Donald J. Trump. Which is kind of weird because Obama had insisted that slow growth was the “new normal” and we should all just get used to that.

Suddenly, he’s singing a different tune.

President Trump wasn’t going to let that go by without a reaction — especially on his favorite social media platform.

Barry’s stimulus package wasn’t as successful as he claimed it was. Indeed, it stalled growth that was inevitable after the 2008 financial collapse.

In 2018, Matt Palumbo over at Bongino.com dug into the numbers and shows just how much of the stimulus success was just hype.

It should’ve been a red flag to most observers when the Obama administration began inventing new economic terms to measure the stimulus’ alleged success, such as how many jobs were being “saved or created” by it. Obama told us not long after passing the stimulus that it had created or saved 150,000 jobs in June, and would save or create another 600,000 by September. How the heck does one measure a “saved” job? Simple, create a baseline prediction (for example: predict the economy will lose a million jobs next month), and then if the economy were to only lose 200,000 jobs, Obama could claim he “saved” 800,000 jobs. Convenient, right?

It’s never a vote of confidence when the statistics are being tortured to prove a point, and when measured using conventional (i.e. real) statistics, the stimulus didn’t live up to its own hype.

Source: Bongino

The Washington Post reported that Obama’s tweet lauding the 2009 stimulus — the $800 billion  American Recovery and Reinvestment Act rankled some feathers.

Conservatives, including prominent commentators and at least two Republican lawmakers, backed Trump and echoed his criticisms of Obama. An October 2019 Washington Post-ABC News poll found that 44 percent of Americans said the economy had improved under Trump. Within that group, about 4 in 5 said Trump deserves at least a good amount of the credit.

“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,” Kayleigh McEnany, the Trump campaign’s national press secretary, said in a statement emailed to The Washington Post early Tuesday.

“Obama and [former vice president Joe Biden] orchestrated the worst economic recovery in modern history,” McEnany said, later adding: “It’s no wonder Democrats seek to take credit for the Trump economy after eight years of betraying blue collar workers and inflicting pain upon the middle class as Americans everywhere suffered. But the failed days of Democrat stagnation are over, and the soaring Trump economy is here to stay.”

Source: Washington Post

Jobs were gone and Barry said that they just weren’t coming back. It would take a “magic wand” to bring back manufacturing jobs.

Well, we know how that turned out.

 

House Republican Whip Steve Scalise had the perfect response to Obama’s tweet:

Amen, brotha! It’s the massive reduction in regulations and a stable hand that knows what the hell he’s doing that has fast-tracked the stalled recovery.

But props to this response right here:

Obama is one of those leftists (like AOC) that have bought into the Keynesian model of economics. But just like socialism, it doesn’t take actual reality into consideration.

Here’s a quick explainer that both Barry and AOC should watch:

ClashDaily's Associate Editor since August 2016. Self-described political junkie, anti-Third Wave Feminist, and a nightmare to the 'intersectional' crowd. Mrs. Walker has taken a stand against 'white privilege' education in public schools. She's also an amateur Playwright, occasional Drama teacher, and staunch defender of the Oxford comma. Follow her humble musings on Twitter: @TheMrsKnowItAll

 

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