Economy
“Con job”: Trump Responds To Obama Taking Credit For Booming Economy
President Trump responded Monday night, calling Barack Obama’s claim that his prior administration is responsible for the booming US economy a “Con job”.
“Did you hear the latest con job?” Trump tweeted, explaining that “Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration.”
“He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing.” Trump noted.
Trump also noted that he “had to rebuild our military, which was totally depleted.”
“Fed Rate UP, taxes and regulations WAY DOWN.” The President continued.
“If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!” Trump concluded.
….ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN. If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!
— Donald J. Trump (@realDonaldTrump) February 17, 2020
The President was responding to the below tweet from Obama, sent on President’s Day, which claimed that Obama’s Recovery Act “paved the way for more than a decade of economic growth and the longest streak of job creation in American history.”
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. pic.twitter.com/BmdXrxUAUf
— Barack Obama (@BarackObama) February 17, 2020
As Trump urged, however, the economy under Obama was the most worst since World War II, despite being largely propped up by the Federal Reserve’s unprecedented decade-long zero percent interest rates during his two terms.
The White House also issued a statement responding to Obama.
“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,” read the statement from Kayleigh McEnany, the Trump campaign’s national press secretary. “Obama and Biden orchestrated the worst economic recovery in modern history.”
“By contrast, though, deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans,” added McEnany.
And, it’s not just Trump and Infowars pointing this out.
The Wall Street Journal recently asked 68 economists who was responsible for the booming economy and the consensus was that it is “President Trump, and not Obama, who should be taking a bow.”
It has been blindingly obvious for years that Obama did not seed the current recovery. “The Obama recovery of the last seven years remains the worst in postwar American history,” a Forbes article from 2016 noted.
Others were quick to respond to Obama’s phoney claim:
The notion that you did anything but destroy this nation’s economy is beyond hilarious. “Those jobs are never coming back. What’s he going to do, wave a magic wand?” Yes, @realDonaldTrump did exactly that. Your only sad legacy was your blatant lies about ObamaCare. https://t.co/1vCePXZ3tv
— James Woods (@RealJamesWoods) February 17, 2020
You didn’t build that. Somebody else made that happen. https://t.co/Gul7ijpSTy
— Michael Knowles (@michaeljknowles) February 17, 2020
“Thanks Obama!” – Wall Street criminals love ya buddy. https://t.co/VJGvh83o1G
— Essential Cernovich (@Cernovich) February 17, 2020
Obama why didnt Black Income go up during your Presidency?
President Trump has raised black income by $5,148 since 2018 after the Tax Cuts & Jobs Act passed.
President Trump not only got it done but got Opporunity Zones &
$10,000 tax cut for
K thru 12 students too.
What happened?— Christian Lamar (@christianllamar) February 17, 2020
Actually, you criticized Trump for campaigning on fixing your dead economy. He won and has seen record economic growth as President. Your gig economy and gig in the White House has left no legacy, barely even a memory. https://t.co/jlPHxn1KzL
— J Owen Shroyer (@allidoisowen) February 17, 2020
How much did you get paid to poison our schools with common core? You gave them $350 million in tax money and got a $65 million kickback in return…and math scores plummeting. I hope your Martha’s Island mansion was worth dumbing down American children.https://t.co/073MZgItMa
— Mindy Robinson for Congress NV03 🇺🇸 (@iheartmindy) February 17, 2020
Show us the act where you send pallets of cash to terrorists.
— In Pursuit of Truth (@IPOT1776) February 18, 2020
Economy
Video: Reporter Asks White House If Americans’ Only Choice Is “$5 A Gallon Gas Or A $61,000 Electric Car?”
“Sounds like a painful transition”
The White House Press Secretary Karine Jean-Pierre was asked Thursday to explain why the Biden Administration’s only solution to soaring gas prices seems to be to ask Americans to deal with it or spend upwards of $55,000 on an electric vehicle.
“A lot of people can’t afford a $61,000 electric car and they are also having a hard time affording gas right now. That sounds like a painful transition,” Fox News reporter Peter Doocy said to Jean-Pierre, referencing the several times Biden officials and the president himself have touted a ‘transition’ to green energy.
“We are in a transition to clean energy…it’s going to create jobs,” Jean-Pierre responded, sounding like a broken record.
“Yeah but who can afford an electric car? The average price is $61,000! Is that the choice $5 per gallon gas or a $61,000 electric car?” Doocy further inquired.
“That’s apples to oranges. It’s not the same,” she responded.
Jean-Pierre went on to tout Biden’s so called gas tax holiday, which even Democrats immediately dumped on Thursday:
After repeatedly blaming Vladimir Putin for America’s soaring gas prices and cost of living, and then attacking American energy companies to boot, Biden spent Thursday blaming gas station owners for high prices:
Seems like everyone except him and his administration is to blame.
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Economy
Pathetic: Only 11 Per Cent Believe Biden Narrative That Putin is to Blame For Record Gas Prices
Majority blame the president.
Only 11 per cent of Americans believe the Biden administration’s narrative that Vladimir Putin is to blame for record high gas prices, with the majority blaming Biden’s poor energy policies instead.
A Rasmussen poll finds that 52 per cent of respondents think unaffordable gas prices are the fault of the president, with the vast majority rejecting the ‘Putin price hike’ excuse.
The survey also found that 80 per cent of Republicans blame Biden for the energy crisis, while 54 per cent of Independents also say responsibility lies with the occupant of the Oval Office.
29 per cent of respondents who didn’t blame Putin or Biden said greedy oil companies were the culprit.
Biden says #putinpricehike, but voters disagree. Who is to blame?
All voters: Biden (52%)
Republicans: Biden (80%)
Democrats: Oil Companies (46%)
Independents: Biden (54%)https://t.co/t7JUU9cwzc#Bidenflation #gowokegobroke #putinpricehike pic.twitter.com/fuuxRevF16— Rasmussen Reports (@Rasmussen_Poll) June 21, 2022
After the Biden administration’s attempt to blame the Russian leader failed to land, the White House has switched its rhetoric to start blaming oil companies, with Biden asserting the industry is “making more money than God.”
The poll reveals that Americans are also unimpressed with the media’s attempt to prop up the failing Biden economy, with just 11 per cent saying it has gotten better, with 57 per cent rating his economic performance as “poor.”
Biden loyalists have become increasingly absurd in trying to explain away gas price hikes and inflation, with former Treasury Secretary Larry Summers blaming people who downplay what happened on January 6.
“The banana Republicans who are saying that what happened on January 6th was nothing or OK are undermining the basic credibility of our country’s institutions and that in turn feeds through, uh, for inflation,” said Summers.
BlackRock CEO Larry Fink also ludicrously claimed “nationalism” was to blame for inflation, asserting, “The rise– whether you call it nationalism or the rise of this belief that we have to focus on communities that have been devastated by globalization, we need to find ways of creating better jobs for more Americans, that in itself is inflationary.”
As we highlighted earlier, more emergency services in the U.S. are having to limit the amount of 911 calls that they are responding to in person because of record high gas prices.
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Economy
Video: More Emergency Services Not Responding to 911 Calls Due To Soaring Gas Prices
Wasn’t this what Democrats wanted?
More emergency services in the U.S. are having to limit the amount of 911 calls that they are responding to in person because of record high gas prices in Joe Biden’s America.
NBC News reports that responders are cutting key services in order to save on costs.
Those services include patrol reductions, postponing building inspections, delaying training courses for staff and even not physically responding to emergency calls.
Watch:
As we previously noted, sheriff’s departments and police everywhere are blowing through their gas budgets and having to find ways of recouping the costs.
Wasn’t this what Democrats wanted though? To defund the police. Well now they got it, just in a more round about way.
Gas prices have rocketed beyond $5 per gallon nationwide, according to AAA data and have more than doubled since Joe Biden entered the White House.
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