Booker: Trump is Taking Credit for Economic Recovery that Began Under Obama

Sunday on “State of the Union,” Sen. Cory Booker (D-NJ) tried to convince CNN’s audience that President Trump is trying to take credit for former President Barack Obama’s policies that are ultimately responsible for our now-booming economy.

Reminds us of December 2017 when Obama himself tried to claim credit for Trump’s economy, even though he had said during the 2016 election that Donald Trump would need a ‘magic wand’ to bring jobs back.

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.

Booker’s interview comes in at 11:18.