Another
overseas trip by the president this one to Davos, and another fantastic
success. In his speech at Davos the president emphasized that America
is back and is open for business. He also highlighted the fact that
“it’s the economy, stupid”. In this case, the U.S. economy which is
going great guns since he became president.
The president took a lot of criticism because he chose to go to Davos. His critics contend it was hypocritical to go because he has built his agenda around an America-first populist nationalist message which does not comport with the thinking of the Davos globalist mavens. That is extremely narrow-minded criticism. President Trump went to Davos as a businessman-politician to push an American agenda. And to put on display American boosterism and national pride. He succeeded in doing just that.
To deny the Trump economic success is to deny reality. For eight years we suffered under a sluggish Obama economy. How bad was the Obama economy? Very bad. President Obama’s economic growth over his eight years in office puts him in last place among all post-World War II presidents. Obama had eight years to enact a growth policy, while many of his predecessors never had two complete terms. When averaged across all post-World War II presidents economic growth was 3.2%. President Obama’s growth over his eight years in office was 1.5%, the lowest of them all. Obama's best year for economic growth was 2.6% in 2015. That is lower than the post-WWII best year growth average of 2.9%. Obama's best year of economic growth would have been a below-average year across the past 70 years. There are other economic statistics to buttress the fact that President Obama was a failure on the economy. But you get the picture. The data shows even the most ardent Obama, supporters despite their spin, should admit that on the economy, Obama was not a success.
The president took a lot of criticism because he chose to go to Davos. His critics contend it was hypocritical to go because he has built his agenda around an America-first populist nationalist message which does not comport with the thinking of the Davos globalist mavens. That is extremely narrow-minded criticism. President Trump went to Davos as a businessman-politician to push an American agenda. And to put on display American boosterism and national pride. He succeeded in doing just that.
To deny the Trump economic success is to deny reality. For eight years we suffered under a sluggish Obama economy. How bad was the Obama economy? Very bad. President Obama’s economic growth over his eight years in office puts him in last place among all post-World War II presidents. Obama had eight years to enact a growth policy, while many of his predecessors never had two complete terms. When averaged across all post-World War II presidents economic growth was 3.2%. President Obama’s growth over his eight years in office was 1.5%, the lowest of them all. Obama's best year for economic growth was 2.6% in 2015. That is lower than the post-WWII best year growth average of 2.9%. Obama's best year of economic growth would have been a below-average year across the past 70 years. There are other economic statistics to buttress the fact that President Obama was a failure on the economy. But you get the picture. The data shows even the most ardent Obama, supporters despite their spin, should admit that on the economy, Obama was not a success.
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