Economists Credit Trump, Not Obama For Strong EconomyChris Menahan
Jan. 16, 2018
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"Economists agree: Trump, not Obama, gets credit for economy," Liz Peek wrote Tuesday in The Hill:
Who deserves credit for the booming economy? This is not a petty argument. How voters answer the question could well determine whether Democrats retake the House of Representatives come November.
A majority said the president had been "somewhat" or "strongly" positive for job creation, gross domestic product growth and the rising stock market.While the media wants to focus entirely on social issues, the reality is poll after poll finds all anyone seems to care about when it comes to presidential elections is the strength of the economy. Trump's policies are pro-growth. Millions of workers are going to benefit from the Republican's tax cuts. Walmart said last week they're going to raise their starting wage from $9 to $11 and pay out employee bonuses anywhere from $200 to $1000.
Trump's taken a hatchet to Obama's regulations. He's given people confidence in the economy and got the ole animal spirits all fired up.
As a friendly reminder, Barack Obama mocked the idea Trump could "bring all these jobs back" to America back on June 1, 2016.
"When somebody says, like the person you just mentioned, that he's gonna bring all these jobs back, well, how exactly are you gonna do that? What are you gonna do? There's, uh, uh, uh, no answer to it," Obama said. "Trump just says, 'I'm gonna negotiate a better deal.' Well, how? How exactly are you gonna negotiate that? What magic wand does Trump have? And usually the answer is, he doesn't have an answer."
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