Why this is Trump’s economy?

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Why this is Trump’s economy?

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Bc he's the POTUS

everyone knows, its intellectual dishonesty that tries to attribute it to the muzzie.

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But Obama criticized Trump's claims that he could use his business acumen to spur economic growth and tackle other complex issues. "He just says, 'I'm gonna negotiate a better deal.' Well how? How exactly are you going to negotiate that?" Obama said during the town hall portion of the event. "What magic wand do you have? And usually the answer is, he doesn't have an answer."

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June 2016 Obama Interview

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That difference in sentiment is why this will go down as the Trump economy, not a continuation of the Obama economy.

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You want metrics for that sentiment? Here you go:



Notice the jump in small business sentiment the day Trump was elected.

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Washington, D.C. (August 14, 2018)—The Small Business Optimism Index marked its second highest level in the survey’s 45-year history at 107.9, rising to within 0.1 point of the July 1983 record-high of 108.

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LINK

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Day 1 of Trump being in office: the economy is weak; I’m going to make it stronger Day 1 of Obama presidency: my advisors just explained to me what an “economy” is. My conclusion is that ours is weak, it’s Bush’s fault and we’re in a new normal so don’t expect me to do anything about it.

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Historical revisionism at its finest, folks.

I've believed since the Bush Sr. administration that there's some gray area for at least a couple of years when judging the performance of the economy.

That started because I didn't see that Clinton had done anything special to get us out of the recession that started under Bush Sr, and I still don't think he did.

Regarding the situation in the last 10 years, I think Obama actually extended the pain of that deep recession by over-regulating, and by frightening those making corporate financial decisions. If you doubt that, remember the downturn in revenues for air carriers during his first term, following his diatribe about unnecessary business travel. The result was many businesses sitting on a pile of cash instead of hiring and otherwise investing.

I think Trump has done very well in his first 1 1/2 years, especially with tearing down regulatory BS, but the most important beneficial event for the U.S. economy was Obama leaving office.

I'm not going to suggest that Obama should be credited with the current uptick in the economy, but at least the Leftist Logic is consistent:


First 6 years of Obama were mostly "Bush's fault."
I guess by those standards, at least the first 4 years of Trump are more or less, "Obama results?"