Barack Obama, ex-prez, took to Twitter to try and claim that today’s great economy is due to his 11-year-old policy — suggesting, laughably, his White House is owed a big ol’ thank you from President Donald Trump, from the world of business and from Joe Q. Taxpayer and Jane Q. Consumer.
Sorry, Mr. Obama, but to coin one of your own phrases: You didn’t build that.
You didn’t build the economy America is now cheering. If memory serves, and it does, you built the economy that earned you the monicker, “Food Stamp President.”
Obama tweeted: “Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.”
That’s such an odd spin of historical truths — not that Obama signed the act, but rather that he’s trying to suggest a) today’s Trump economy is due to an 11-year-old policy and b) that his White House administration contributed anything positive at all to the economy. Under Obama, joblessness soared into double digits; under Obama, America was told to get used to the dismal national growth — that it was the new normal. Under Obama, regulatory costs soared, the free market shuddered, the business world lost complete confidence and left the United States, consumers stopped buying.