Amid near-constant record performance of the economy, former President Barack Obama is now celebrating the “economic miracles” he once dismissed as requiring a magic wand.
Of course, Obama is taking credit for the so-called miracles.
Speaking to Nevada Democrats on Monday, the former president said, “When you hear all this talk about economic miracles right now, remember who started it. Remember who started it!”
Obama claims to have “handed” President Donald Trump a winning economy, with rising wages and falling poverty.
Former President @BarackObama: “When you hear all this talk about economic miracles right now, remember who started it.”
— CSPAN (@cspan) October 22, 2018
Obama failed to pinpoint which of his policies led to record low unemployment levels under Trump.
During his speech, Obama was only able to list the implementation of Obamacare and increased taxes for the rich. He did not explain how exactly these related to the economic surge seen under Trump, instead only saying they reduced poverty.
Despite the cheers from the crowd gathered to listen, not everyone was buying Obama’s claims of economic genius.
Twitter users quickly expressed their thoughts on the boasts, roasting the former president.
— Brandon Pizur (@bpizur15) October 23, 2018
Not you! pic.twitter.com/naCAgYEHgT
— Ernesto Valdes (@ErnestoValdes17) October 23, 2018
You didn’t build that @BarackObama
Sit. Down. https://t.co/uyhohNcvEJ
— Michelle Malkin (@michellemalkin) October 22, 2018
The truth of the matter is what we are seeing are the results of much more conservative financial policies.
Trump’s first round of tax cuts left everyday Americans with more money in their pocket to spend. These cuts resulted in money filtering back into the economy. Many taxpayers were left with bigger paychecks thanks to the cuts.
A second round of tax cuts has been hinted at by the president.
Stocks boomed after the pro-business president’s first day in office, signalling the financial world’s faith in Trump’s policies. Although the stock market has taken a few minor dips, it still is up more than 38 percent since Trump’s election night upset in 2016.
Obama has yet to explain how increased taxes for the rich and his Obamacare nightmare have helped everyday Americans. The 2016 election should be all the evidence he needs to understand what Americans really think of his grand scheme for the economy.
With the next elections mere weeks away, it’s more important now than ever to cement Republican gains if the economy is to continue to improve. The threat of the Democratic Blue Wave is real, and the only way to combat it is to make your voice heard at the polls in November.
Truth and Accuracy
We are committed to truth and accuracy in all of our journalism. Read our editorial standards.