Monday, April 16, 2018

Is Obama to Thank for the Trump Economy?

Should we be thanking Trump? Not according to the partisans.

"I don't understand why, well, maybe I do why the folks in the Trump administration won't admit that the economy was doing well under President Obama," CNN's Don Lemon.

In December 2017, Obama himself decided to pat himself on the back for the economic landscape under Trump.

How do we know? We can look at the Congressional Budget Office's predictions for economic growth in past reports, and compare them to realized growth under Trump.

Remember, it wasn't until the end of 2017 that Trump signed his tax package - the main catalyst we'd expect for growth under his presidency.

The Wall Street Journal polled a number of business, financial and academic economists on if Trump in January 2018 on who was more responsible for the current economy, most of which "Suggested Mr. Trump's election deserves at least some credit" for the upturn.

Are we supposed to believe that it's a coincidence that business confidence and the stock market didn't begin their recent liftoff until after Trump was elected? The Dow Jones Index's 1-year gain following Trump's victory was the largest post-election bull run since 1945.

https://www.bongino.com/is-obama-to-thank-for-the-trump-economy/ 

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