Last week, Mr. Audacious – aka – Barack H. Obama – brazenly claimed that Donald Trump couldn’t take credit for the booming economy – that it was somehow the result of actions the O’ministration had taken. Um, no. That may play with his fact-free followers, but it’s far from true.
Chairman of the Council of Economic Advisers Kevin Hassett felt obliged to set the record straight for the former president during a press briefing last Monday. As he pointed out, small business optimism, business investment, capital goods orders and other indicators were all trending down – until Donald Trump moved into the White House. Now those same markers are headed sharply in the opposite direction. Whatever Obama started, Trump quickly reversed, and the country is reaping the benefits ~
Video via: Washington Free Beacon
Furthermore, as John R. Lott Jr. reminds us ~
People forget that stocks were completely flat for two years, from the end of December 2014 right up until the presidential election in 2016. Right after the election, the stock market around the world and especially in the United States started soaring.
At the close of business on Friday (Sept. 7th), the Dow Jones Industrial Average stood at 25,916, up 42 percent from the day before the 2016 election.
Sorry Mr. O, you’re certainly entitled to your own opinion – but not to your own facts.
Pingback: Government needs to stop subsidizing the private sector | Designs on the Truth
Pingback: UN address | Designs on the Truth