Today’s highly interesting read (02/20/20): Trump’s economy is so good that Dems’ new talking point is Obama built it

Image may contain: 2 people, possible text that says 'OBAMA GIVING HIMSELF CREDIT FOR TRUMP'S STRONG ECONOMY'

Today’s read is from Larry Elder, a bestselling author and nationally syndicated radio talk show host. Here’s a brief excerpt from his column:

Democrats and their media sympathizers now resort to a new talking point: Trump merely continued the economic growth that began under the Barack Obama administration.

Obama raised taxes, spent nearly $1 trillion on a so-called stimulus plan, increased regulations and signed a new entitlement program known as “ObamaCare.” Reagan did the opposite. He decreased taxes and continued deregulation. Differences in results were stark. Obama’s recovery, according to the Joint Economic Committee, averaged an inflation-adjusted GDP growth of 2.2 percent over the next 25 quarters.

The average recovery following post-1960 economic slowdowns, which lasted more than 12 months, is 3.9 percent. Under President Ronald Reagan it was 4.8 percent. Obama was the first president ever to preside over an economic recovery in which not a single year of the economy grew at least 3 percent.

Read Elders’ column in its entirety here.

One thought on “Today’s highly interesting read (02/20/20): Trump’s economy is so good that Dems’ new talking point is Obama built it

  1. Pingback: Never-Trumpers; the Daytona 500; Trump and Valentine’s Day; Trump’s economy;how good are the Bucks? | This Just In… From Franklin, WI

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