Obozo said it was impossible without a magic wand................
The Obama Recession is a thing of the past
“However, a big part of that growth reflected a temporary rush to ship soybeans”
I recall that they also dismissed the previous quarter’s stellar growth as a one-off. Trump must live a charmed life.
I keep reading that - what makes it the worst recession since the 1930s? I lived through the 1981 recession - inflation was over 10%, unemployment was over 10% and the mortgage interest rates were up around 18%. I graduated in 1981 with an MBA from Arizona State University (then ranked 25th in the US) and I remember that there were very few jobs available (it took me until 1983 to find a full-time job).
What made the 2008 recession so bad was that Obama did all the Keynesian things to try and fix it. It wasn't until the Republicans took over the House and Senate and did NOTHING of what Obama wanted that things started to get better. As always, government doing NOTHING is better than the government trying to fix the economy.
That is what is working now. President Trump has done several things to get the government out of the business of business.
We can all thank Obama for the growth number. The worse off you are, the more you can “grow”.
My health isn’t going to improve (grow) much over the next year. But my neighbor who just had a heart attack is hopefully going to get MUCH BETTER (health will grow a lot) in that time.
Obama’s regulations and positions were like the heart attack. Trump probably would have created growth in any case, but after Obama there’s a well tested plan Trump was able to follow to make us MUCH BETTER.
Did anyone see these headlines in the newspapers and tv news?