This Economy Definitely Not Obama's Recovery
Stephen Moore writes at the NYPost:
Barack Obama is trying to take credit for the booming economy under President Trump. "When you hear how great the economy is doing right now," Obama said on the campaign trail for Democratic candidates a few days ago, "let's just remember when this recovery started."
By this logic, the Kingston Trio laid the groundwork for the Beatles.
But the contrast in economic performance between the two presidents is undeniable. Obama's multitrillion-dollar spend-and-borrow policies produced 2 percent growth. In his final year, Obama handed off to Trump an economy that was limping at 1.6 percent.
"After only 18 months in office, Trump has elevated growth to 3 percent on an annual rate and the latest projections are that the growth rate for the second and third quarter (which ends Sept. 30) will be over 4 percent," Moore notes.
"One might say all it took to get the economy really crackling was getting Obama out of office," he states.
"The real economic boom started almost the day after the election in 2016 with the surge in small business, investor and consumer confidence," Moore writes.
"No one on the left, least of all Obama, thought this was remotely possible."
