International News Opinons

Barack Obama Tries to Steal Credit for Booming Trump Economy on Presidents Day

Former President Barack Obama on Monday suggested he was responsible for the booming economy under President Donald 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 wrote on Twitter, sharing a picture of his $787 billion stimulus spending package.

Obama’s message on Twitter was not just a nostalgic look back on his presidency, as he specified that his spending package was responsible for “more than a decade” of growth, despite his only being president for eight years.



GOP lawmaker unveils historic move to ‘expunge’ both ‘maliciously false’ impeachments against Trump
Trump says Iran’s latest proposal reneges on giving up enriched material: ‘Are they stupid people?’
Developing: Virginia Dems Plotting Overthrow of Entire State Supreme Court to Save Redistricting Scheme
Two Israeli Soldiers Sentenced to Prison for Desecration of Mary Statue
WHCA dinner gunman pleads not guilty to attempted Trump assassination charges
WHCA Dinner shooting suspect Cole Allen pleads not guilty, judge scoffs at defense’s power play
Footage shows moments before Frontier Airlines jet struck person on Denver airport runway
Democrats consider plan to wipe conservatives off Virginia Supreme Court: Report
Jeff Landry dismisses concerns about 45,000 discarded ballots after suspended primaries: ‘It’s not my fault’
Former Dem gov in hot seat for ‘complete failure’ in ‘INSANE’ early release of thousands of inmates
House Freedom Caucus vows ‘gloves are coming off’ as FISA deadline looms
Alert: American Who Was on Hantavirus Cruise Ship Tests Positive, as 2nd Passenger Now Showing Symptoms
Frontier Plane Hits Pedestrian During Takeoff at Denver Airport
US Sanctions Foreign Entities Accused Of Sharing Satellite Imagery, Access to Arms to Prop Up Iran’s War Effort
The unexpected force keeping beef prices high and why the pressure could last for years

Although Obama’s nearly trillion-dollar stimulus may have helped the economy recover from a major recession, economic growth had slumped to 1.6 percent by the time he left office. President Donald Trump’s tax cuts and regulatory cuts proved to be rocket fuel for the American economy now enjoying record high stock markets gains, wage gains, historic unemployment rates, and an expansion that is now the longest on record.

Obama famously said after he left the White House he would refrain from criticizing Trump, but he retracted that promise after hitting the campaign trail in 2018 to boost Democrats.

See also  Trump motorcade drives across Lincoln Memorial Reflecting Pool to inspect renovation efforts

“When you hear all this talk about economic miracles right now. Remember who started it,” Obama complained in a speech in Nevada in 2018. “Remember who started it! C’mon!”

Story cited here.

Share this article:
Share on Facebook
Facebook
Tweet about this on Twitter
Twitter