Barack Obama Tries to Steal Credit for Booming Trump Economy on Presidents Day

Barack Obama Tries to Steal Credit for Booming Trump Economy on Presidents Day

Former President Barack Obama on Monday suggested he was responsible for the booming economy under President Donald Trump.

“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,” Obama wrote on Twitter, sharing a picture of his $787 billion stimulus spending package.

Obama’s message on Twitter was not just a nostalgic look back on his presidency, as he specified that his spending package was responsible for “more than a decade” of growth, despite his only being president for eight years.Although Obama’s nearly trillion-dollar stimulus may have helped the economy recover from a major recession, economic growth had slumped to 1.6 percent by the time he left office. President Donald Trump’s tax cuts and regulatory cuts proved to be rocket fuel for the American economy now enjoying record high stock markets gains, wage gains, historic unemployment rates, and an expansion that is now the longest on record.

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

Obama famously said after he left the White House he would refrain from criticizing Trump, but he retracted that promise after hitting the campaign trail in 2018 to boost Democrats.

“When you hear all this talk about economic miracles right now. Remember who started it,” Obama complained in a speech in Nevada in 2018. “Remember who started it! C’mon!”

Original Content

Please follow and like us:


Leave a Reply

Your email address will not be published.

This site uses Akismet to reduce spam. Learn how your comment data is processed.