The way the media talks and Obama did about himself you would think that he saved the economy and that is furthest from the truth. The economy would have been better off if Obama didn’t lay his hands on it with his over regulations, over taxation that caused a catastrophic sparrow of major proportions which gave Obama the title of worst president for the economy in 70 years.
The following was posted by Rusty, published by The Political Insider: “For all the hysterics from the liberal media about Obama saving America from the Great Recession, the numbers say otherwise.”
“An average growth rate during his eight years of 1.6% lands him at the bottom of a list of 13 post-World War II presidents, even being bested by Harry Truman, who had to guide the nation out of war.”
“After a final revision of fourth-quarter GDP growth was released, Obama officially became the only president since Herbert Hoover to have not generated 3 percent economic growth in any year he was in office.”
The people who came out to vote for Trump naturally was for a number of reasons mainly such as economic freedoms that Marxist Obama had put in place for America to erode with over regulations but the number one reason people such as in those crucial blue states that Trump pulled a surprise victory over witch Hillary was all about the economy. If the economy was doing as good as Obama was bragging about Trump would not have been victorious. As much as the hard left doesn’t see it the American people are not stupid. They see what kind of jobs they had before Obama Care and they compared their situation after Obama Care was installed. Of late Obama was bragging about the unemployment rate going down but back during the Clinton Administration Clinton allowed a little trick to take place and that was to allow part-time workers to be included in the number.The U6 unemployment rate counts not only people without work seeking full-time employment (the more familiar U-3 rate), but also counts “marginally attached workers and those working part-time for economic reasons.” Note that some of these part-time workers counted as employed by U-3 could be working as little as an hour a week. And the “marginally attached workers” include those who have gotten discouraged and stopped looking, but still want to work. The age considered for this calculation is 16 years and over. Also people who had stopped looking for work were not counted as unemployed and one thing naturally that Obama never talked about was all those full-time jobs that converted to part-time because of Obama Care and naturally most people have associated Obama with the failure of Obama Care.
President Trump is building a foundation of jobs back into the market place that had disappeared under Obama. This is the main reason Trump has been working on eliminating killing regulations that prevented employers from hiring and expanding and of course there will be tax cuts that will have the same effects. A corporate tax cut will prevent companies from leaving the country and a payroll tax cut will put more money into the American peoples pockets to buy goods that they couldn’t afford before.
The following was posted by Ana Swanson, published by the Washington Post: “The U.S. job market rebounded strongly last month and the unemployment rate fell to the lowest level seen in a decade, government data released Friday morning showed, calming fears that had bubbled up in the past month about the state of the economy.”
“Employers added 211,000 jobs in April as the unemployment rate ticked down to 4.4 percent, the lowest level since May 2007. Average hourly earnings rose by 2.5 percent from the previous year to $26.19.”
“Job gains were seen in mining and manufacturing, sectors that are relatively small but have been closely watched due to the Trump administration’s vows to boost employment in the industries. But the bulk of the job growth in April came from the much larger sectors of leisure and hospitality, education and health, and business services.”
“At 4.4 percent, the headline unemployment rate — which measures people who are actively looking for work but unable to find it — is now below the longer-term level targeted by the Federal Reserve. Broader measures of unemployment and underemployment also continue to improve.”
President Trump is instilling confidence in the economy which is all about attitude. President Trump is constantly talking with different heads of the labor market and getting their opinions on how to make the economy better and that includes heads of unions. Obama’s attitude for the economy of the United States wasn’t worth crap and it showed. A Marxist like Obama does not trigger the engine of productivity which is the capitalistic system, he instead relies on taxation, regulations and artificial projects such as global warming where he would tax us for the energy we use, the air we breath and so on to make up for the lost of American productivity. We The People are very fortunate of the fact witch Hillary did not win the presidency because she would have just continue Obama’s policy of no return for the American people. Yes, God listened to the prayers of millions of Americans to start the elimination of a socialist America that these Marxists wanted to bestow on We The People. God Bless the United States of America!