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.
— 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
Entrepreneur: New York City is Dead and It’s Not Coming Back
Streets are deserted thanks to COVID and people fleeing due to crime & riots.
Former hedge fund manager and entrepreneur James Altucher says New York City is dead and it’s not coming back.
Born and bred in New York, Altucher took his family and fled to Florida after the Black Lives Matter riots in June when someone tried to break into his apartment.
Since then, the city has continued to suffer a huge surge in shootings and violent crime as well as an anemic financial recovery from the coronavirus lockdown.
Appearing on Fox News Business, Altucher referred to images that were broadcast during the interview showing 6th avenue to be virtually empty.
“We have something like 30 to 50 per cent of the restaurants in New York City are probably already out of business and they’re not coming back,” he pointed out.
Altucher said that despite offices in midtown being allowed to be open, they’re still largely empty because companies like Citigroup, JP Morgan, Google, Twitter and Facebook are encouraging their employees to work remotely from home “for years or maybe permanently.”
“This completely damages not only the economic eco-system of New York City…but what happens to your tax base when all of your workers can now live anywhere they want to in the country?” asked the entrepreneur, noting that many were fleeing to places that are cheaper to live like Nashville, Austin, Miami and Denver.
Warning that the situation was “only going to get worse,” Altucher said that the old New York was not coming back and that creative and business opportunities would now be dispersed throughout the entire country.
“What makes this different now is bandwidth is ten times faster than it was in 2008 so people can work remotely now and have an increase in productivity,” he added.
As we document in the video below, the blame for all this lies firmly at the feet of two people, Governor Cuomo and Mayor de Blasio.
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Poll: 78% Of Americans Are Willing To Pay More For Non-China Made Products
40% won’t buy anything from China now.
A Bloomberg poll has revealed that an overwhelming majority of Americans would be willing to spend more money on products if they are manufactured outside of China, with 40% saying they simply will not buy anything made in China at all.
In addition to these findings, 55% said that they do not believe China can be trusted to fulfil its trade-deal commitment to buy more U.S. products, while 66% said they favor raising import restrictions over the pursuit of free-trade deals as a better way to boost the U.S. economy.
The findings come as President Trump announced that he now feels ‘differently’ about the trade deal he signed with China earlier this year.
”I feel differently now about that deal than I did three months ago,” Trump told reporters Tuesday.
”We will see what all happens, but it’s been a very disappointing situation. Very disappointing thing happened with China because the plague flowed in and that wasn’t supposed to happen and it could have been stopped,” Trump added.
”Once the virus came in, once the plague, as I called it, came in, I said how did they let that happen? And how come it didn’t go into other sections of China? Why did they block it from leaving Wuhan? But they didn’t block it from going to the rest of the world, including the United States. Why is that? Beijing doesn’t have it. Other places don’t have it,” he continued.
The President touted trade deals that the US has with other countries.
“People don’t realize the amount of business that we do with Canada and with Mexico is monumental. It is the biggest trade deal in the world, bigger than the deal we made with China, most people don’t know and the China deal is kicking in.” Trump said.
Earlier this month, Trump tweeted that 100 trade deals with China wouldn’t make up for the ‘plague from China’.
As I have said for a long time, dealing with China is a very expensive thing to do. We just made a great Trade Deal, the ink was barely dry, and the World was hit by the Plague from China. 100 Trade Deals wouldn’t make up the difference – and all those innocent lives lost!
— Donald J. Trump (@realDonaldTrump) May 13, 2020
Rand Paul: ‘Reopen The Economy, No More Imaginary Money’
“We have no rainy day account. We have no savings account.”
Senator Rand Paul has called for the economy to be reopened, saying that it is the only solution for recovery.
Appearing on Fox News, a bearded Paul said that Americans need to be allowed to go back to work imminently or there will “continue to be economic calamity.”
“To people [who] ask me I remind them that we have no money,” Paul urged.
“We have no rainy day account. We have no savings account. The $3 trillion that we’ve already passed out is imaginary money.” The Senator said, referring to the already staggering national debt.
“It’s being borrowed basically from China. So, the irony is we got the virus from China, and now we are going to be more dependent by borrowing more money from China.” Paul stressed.
“The only thing that recovers our economy is opening the economy.” Paul asserted.
The Senator urged that Americans need to be released from “forcible home arrest” if any recovery is going to stand a chance.
“It’s not a lack of money, it’s a lack of commerce. If you let people have commerce, if you let them trade, if you take them out from forcible home arrest, our economy will recover. But if you keep everybody under home arrest and say you cannot practice your business, you cannot sell your goods, there will continue to be economic calamity. … We don’t have any money.” Paul proclaimed.
Paul also slammed Democratic-run states for wanting to keep the economy shut down.
“All these blue state governors who don’t want to open their state, now they’re clamoring for federal money to bail them out because no state revenue is coming in. We don’t have any money.” he urged.
Elsewhere during the interview, the Senator speculated that Barack Obama criticized a GOP-led investigation into Hunter Biden because he was aware of “corruption problems” while in office.
“There’s been rumors for quite a while that people within the Obama administration knew about the corruption problems with Hunter Biden, that they warned the vice president, and maybe even the president about it.” Paul said.
“I think that there could be a smoking gun, that there’s actually a record of some of these complaints that were going on at the time,” he added.
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