How many of you remember how every year, day after day, President Barack Hussein Obama would remind everyone for nearly five or six years that he inherited George W. Bush’s terrible economy. Remember, also, when he announced that he could not fix the country in four years, he would bow out of office and not run for reelection. Of course, we can also all recall that right before everybody called him on it, he announced that he realized that no one could have known how terrible this economy really was and, that being the case, he was therefore obligated to run for another four years because…well…”There’s still a lot of work to be done.”
Yes, yes, of course. Had nothing to do with the fact that Biden and Hillary were certainly never going to equal the amazingly charismatic abilities of the Anointed One.
As his terrible eight years came to a blessed close, the economic news began to finally roll in and we were assured that Hillary would be able to fix all of it because she was “the most qualified person on the planet to be president.”
Let’s review the economic news that was all too painfully obvious to most Americans who lived in squalor under Obama’s reign of “hope and change”:
Here is the complete list of average annual real GDP growth by postwar president (in descending order):
Johnson (1964-68), 5.3%
Kennedy (1961-63), 4.3%
Clinton (1993-2000), 3.9%
Reagan (1981-88), 3.5%
Carter (1977-80), 3.3%
Eisenhower (1953-60), 3.0%
(Post-WWII average: 2.9%)
Nixon (1969-74), 2.8%
Ford (1975-76), 2.6%
G. H. W. Bush (1989-92), 2.3%
G. W. Bush (2001-08), 2.1%
Truman (1946-52), 1.7%
Obama (2009-15), 1.5%
What are the consequences of pointing out this economic information? Two things come immediately to mind: 1) President Trump’s first year in office will beat Barack Obama’s best year, and 2) Obama will quite obviously have to take credit for Trump’s apparent skill with finances (even on a massive governmental scale), just as he had to disavow himself of the terrible economic news for the entire eight years of his two terms as Commander-In-Chief.
Former President Barack Obama thanked himself in a speech Tuesday in which he took credit for American economic growth occurring under Republican President Donald Trump.
Obama told an adoring crowd at a Chicago climate summit that despite “resistance at every step of the way,” his administration’s efforts to fight climate change resulted in a better economy.
“As we took these actions, we saw the U.S. economy grow consistently,” Obama said. “We saw the longest streak of job creation in American history by far — a streak that still continues, by the way.”
He then added a zinger: “Thanks Obama.”
The crowd erupted in cheers and applause — and soon laughter.
As Obama silently waited for the reaction to die down, he appeared to wink at the audience.
The stock market has gained about 30 percent in value since Trump’s election a year ago, the Washington Times reported, gross domestic product has increased more than 3 percent in both of the last two quarters and the jobless rate has dropped to a 17-year low of 4.1 percent.
Trump has received credit for an economic uptick this year from many business leaders and economists due to his loosening of regulations and move to cut taxes, the paper added.
U.S. Rep. Peter Roskam (R-Illinois) said earlier this year that Obama’s administration was the first to never have a “whole year of 3 percent growth” — a claim PolitiFact rated as “mostly true.”
What is most obvious about his speech on video is how he has demonstrably aged since he got out of office. I’m reminded of the story of Narcissus who dies by the side of the brook while gazing at his own reflection. This whole notion of taking credit for what Trump is doing for the nation is quite expected, for anyone who knows BHO. His huge, congratulatory, self-pat on the back screams of an ego of which even Lady Gaga would be proud.
Some will believe this is merely a ploy, a way of taking a jab at Donald Trump, but I would argue that it’s much more sensible to believe that BHO honestly thinks he’s fully responsible for this economic breakthrough which (coincidentally) happened to wait EXACTLY eight years until it decided to finally come to fruition. [chuckling] Okay, Barry, that’s so believable.
Then again, if people do think that he’s doing this to get poke fun at Trump, I would equally argue that there’s just no way that Obama would ever challenge Trump in that arena because, quite honestly, Trump would literally make Obama his b**ch! The Hawaiian versus the New Yorker? “You tawkin’ ta me?”