Obama Just Tried to Take Credit for the Economic Boost, Trump is Pissed! Would You Be?

Written by on February 17, 2020

Recently Obama tried to take credit for the economic gains made by President Trump, “Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama tweeted, alongside a photo of his signature on the bill.

 

 Obama tweeted out to note the anniversary of his signing the 2009 economic stimulus package called the American Recovery and Reinvestment Act. The measure was passed and signed in February 2009 — about 14 months after the recession began in December 2007 and about eight months before the national unemployment rate peaked at 10 percent in October 2009.

 

 

The stimulus package was controversial at the time due to its large size a $787 billion economic stimulus package and dispute over its actual influence on the economy. Though of course Obama officials have constantly credited the legislation with helping set the economy back on track following the historic recession, and claim it established the groundwork for economic gains under Trump.

The Trump campaign fired back the economy is only recovering because of the actions Trump took to undo his predecessor’s policies.

 

Trump campaign national press secretary Kayleigh McEnany stated:

“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,”

“Obama and Biden orchestrated the worst economic recovery in modern history.”

“By contrast, though, deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans.”

“Paychecks are growing at the fastest pace in a decade and twice as fast for low- and middle-income Americans,”

“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.”

One thing is for certain, even if this Bill had anything to do with putting America down the right path, Trump has a large part in making sure that the economy doesn’t go in the wrong direction by any wrong moves.

 

So what do you think? Should Obama be allowed to take any kudos for helping the economy?

 

 

 

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