The reason? President Barack Obama's regulations and taxes sat like a wet blanket over our economy.
Obama convinced Congress to pass Obamacare in 2010, which resulted in health insurance being extended to an additional 6 percent of the population.
Obamacare came with new taxes-21 to be exact-and these helped suppress middle-class income, slowing economic growth.
Since Obama defined a full-time employee as anyone working at least 30 hours per week, employers hired more part-time workers.
Obama also made the 2001 Bush tax cuts permanent for all Americans, except for the highest income earners.
Obama convinced Congress to pass the Dodd-Frank bill, which stopped banks from predatory lending.
It's no wonder that Obama was the only president in history to never see economic growth above 3 percent.
https://www.dailysignal.com/2018/09/26/how-trump-rescued-our-economy-from-obamas-new-normal/
Obama convinced Congress to pass Obamacare in 2010, which resulted in health insurance being extended to an additional 6 percent of the population.
Obamacare came with new taxes-21 to be exact-and these helped suppress middle-class income, slowing economic growth.
Since Obama defined a full-time employee as anyone working at least 30 hours per week, employers hired more part-time workers.
Obama also made the 2001 Bush tax cuts permanent for all Americans, except for the highest income earners.
Obama convinced Congress to pass the Dodd-Frank bill, which stopped banks from predatory lending.
It's no wonder that Obama was the only president in history to never see economic growth above 3 percent.
https://www.dailysignal.com/2018/09/26/how-trump-rescued-our-economy-from-obamas-new-normal/
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