While there is no denying that President Obama won the Presidency during a very difficult economic time. There is also no denying that nothing he did was stimulating the economy. Obamacare and much greater regulations did nothing but create uncertainty. Ironically, the major job-creating industry during his era was the Fracking and Energy Sectors. What economic advancement there was can be 100% attributed to 1) Monetary Policy and 2) Sectors that he attempted to eviscerate.
Economists agree: Trump, not Obama, gets credit for economy (Source)
Monetary Policy Drove Stock Market In Obama Years (Source)
FRACKING BOOM MASKS OBAMA’S HORRIFYING ECONOMIC NUMBERS (Source)
This is how he spins this approach. Note: GE is now in freefall, and Wind and Solar haven’t made a dent in our energy production.
Economic textbooks will need to be rewritten to explain how someone with 0.00% interest rates and a doubling of the Federal Debt couldn’t get economic growth above 3% for a single year. It is impossible to overstate what an economic failure President Obama truly was.
Progressives can claim all they want that Obama was behind the US recovery, but they will never be able to erase the history recorded in the Fed Funds Rate. The 0.00% for almost 100% of the Obama Era is undeniable testimony that his policies were doing nothing to spur the economy. What is the Proof? The Dog-Leg in the rates once the economy started discounting the end of his administration. Optimism returned once the Obama Era neared its end. President Trump has the US Economy ACCELERATING UPWARD extremely late in a business cycle, wages are ACCELERATING UPWARD, Rates are being driven higher due to strong MARKET CONDITIONS, and the recent 3.0% GDP Growth is higher than any year under President Obama, and once again, we are almost 10 years into a recovery. Strong economic growth usually occurs at the start of the recovery, not at the end.
Obama did nothing to alter the trend in atmospheric CO2, absolutely nothing.
The trend in Sea Level also remained unchanged.
To demonstrate what a complete and utter failure President Obama was, in the above video he discusses the “Scale of Tragedy” caused by Global Warming being unprecedented. What is really unprecedented is how a President can have such pressing social issues and do absolutely nothing about them. While progressives may love spending money on issues that can never be fixed, it is undeniable President Obama completely ignored the greatest challenges facing this Nation. (Source)
President Obama’s first act in office was to end the Washington D.C. Voucher Program, and things continued downward from there.
Obama Wrong on D.C. School Vouchers and Hypocritical, Just Like Congress (Source)
Trump administration reverses Obama policy on D.C. vouchers (Source)
With Friends like Obama, the Black Community doesn’t need enemies.
As she saw it, the party ostensibly committed to progressive values had become complicit in perpetuating the status quo. Omar says the “hope and change” offered by Barack Obama was a mirage. Recalling the “caging of kids” at the U.S.-Mexico border and the “droning of countries around the world” on Obama’s watch, she argues that the Democratic president operated within the same fundamentally broken framework as his Republican successor.
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