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
Videos: Biden Celebrates ‘Inflation Reduction Act’ As Stock Market Tanks Due To Rising Inflation
It doesn’t get more Orwellian than this
CNN and other news networks broadcast a split screen of Joe Biden ‘celebrating’ the passage of his ‘Inflation Reduction’ Act while the Dow Jones simultaneously tanked to its lowest point for two years on the news that inflation is still at record highs.
Watch:
The Dow Jones fell by over 1,200 points and the S&P 500 fell more than 4% on Tuesday following the August CPI report, which highlighted how inflation rose by 0.1% despite gas prices reducing slightly.
The inflation rate in August was 8.3% according to the report.
The report also found that wages are down 2.8% and energy prices surged 15.8%, the biggest rise in four decades.
Grocery prices are up 13.5% from last year and are at their highest for 43 years.
Some Americans can’t even afford to buy food and are turning to ‘buy now pay later’ desperation:
Yet the White House describes this as “welcome moderation”:
The Press Secretary also claims that the inflation report shows “progress in bringing inflation down.”
Did someone give her the wrong report?
No, she’s just flat out lying again:
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Economy
German Foreign Minister Says Support For Ukraine Will Continue “No Matter What Voters Think”
War will be prolonged at the expense of her own citizens.
Despite soaring energy prices that threaten the stability of the country, Foreign Minister Annalena Baerbock said she would continue to support Ukraine “no matter what German voters think.”
Baerbock made the remarkable comments during an event in Prague yesterday organized by the NGO Forum 2000.
“If I give the promise to people in Ukraine – ‘We stand with you, as long as you need us’ – then I want to deliver. No matter what my German voters think, but I want to deliver to the people of Ukraine,” she said.
The German official said that such an approach would not change even if large numbers of people were out in the streets protesting against crippling energy bills.
German FM: I will put Ukraine first “no matter what my German voters think” or how hard their life gets. pic.twitter.com/GwAqIZ2jL7
— Ignorance, the root and stem of all evil (@ivan_8848) August 31, 2022
“We are facing now wintertime, when we will be challenged as democratic politicians. People will go in the street and say ‘We cannot pay our energy prices’. And I will say ‘Yes I know, so we help you with social measures.’ But I don’t want to say ‘Ok then we stop the sanctions against Russia.’ We will stand with Ukraine, and this means the sanctions will stay also in wintertime, even if it gets really tough for politicians,” said Baerbock.
The comment is a fairly stunning admission that world leaders are intent on prolonging the war for as long as possible, no matter how much it harms the countries they are supposed to represent.
Germans face one of the worst cost of living crises in Europe, with governments arranging ‘warm up spaces’ in major cities where people who can’t pay their bills will go to avoid freezing to death, with blackouts expected.
Citizens have already exhausted supplies of electric heaters, firewood and stoves in many areas as they prepare for energy rationing this winter, while inflation in Germany just hit its highest level in almost 50 years.
Those planning to protest against the situation have also been demonized as domestic extremists by the authorities.
As we reported last month, the interior minister of the German state of North Rhine-Westphalia (NRW), Herbert Reul (CDU), outrageously suggested Germans who may be planning to protest against energy blackouts were “enemies of the state” who want to overthrow the government.
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Economy
Three Quarters of British Pubs Face Closure Due to ‘Current Thing Crisis’
Unaffordable energy bills could wipe out majority of industry.
Three quarters of British pubs face being shut down due to the ‘current thing crisis’.
Please share this video! https://youtu.be/caI_cqOOn6s
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