Monday, December 11, 2017

Obama still doesn’t get it – optimism, not whining, grows an economy!

Fox News.com ^ | December 11, 2017 | Liz Peek 

Poor President Obama. He doesn’t think he’s getting enough credit for today’s booming economy.
Speaking at a conference of mayors in Chicago recently, Mr. Obama said, “We saw the longest streak of job creation in American history by far — a streak that still continues, by the way.” After a dramatic pause, he added: “Thanks, Obama.”
Obama has always been excellent at making speeches. But delivering robust growth? Not so much. Certainly not the kind of 3 percent-plus growth the U.S. is enjoying today, which has forced unemployment to a 17-year low. Instead, we saw an extended period of tepid gains that did little to boost the spirits (or wages) of discouraged Americans.
President Obama will never understand what happened on Election Day, and why the country’s mood brightened.
But it’s important that our policymakers understand. Trump’s victory resulted in a sea change in expectations, setting off a benevolent chain reaction which continues to this day. That fact alone makes this undeniably Trump’s economy.
Here’s how we know:
Against all expectations, the stock market started to boom on November 9, 2016, the day after the election. The Dow soared 257 points, and gained 9 percent by year-end, for the biggest post-election rally ever. Why? Because investors believed that newly-elected President Trump was determined to create jobs, bring businesses back to the U.S., lower taxes and loosen the regulatory noose created by Obama. That’s what he campaigned on, and that’s why he was elected.
(Excerpt) Read more at foxnews.com ...

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