(TNS) When President Donald Trump’s policies, combined with a GOP tax reform bill, began growing the U.S. economy at a pace unseen in a decade, the Garbage Party’s propaganda media tried to co-opt the growth on behalf of Barack Obama.
Yes, the economy’s doing pretty good now, they claimed, but it actually began under 44, not 45.
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What a load of BS.
Yes, the economy trended upward during Obama’s administration, but it really had nowhere else to go. Unemployment following the housing and financial institution crashes spiked to more than 10 percent, foreclosures were occurring at record rates, and jobs were vanishing by the hundreds of thousands.
But let’s be clear: The average quarterly growth rate during the Obama years was anemic — around 1.88 percent. Meanwhile, the economy under President Trump has roared, growing the most since 2005.
Not only that, Wall Street continues to set growth records, which is feeding trillions of dollars in wealth to average Americans’ 401(k) retirement accounts. Speaking of employment rates, under Trump we have the highest percentage of Americans employed in 50 years; the unemployment rate is 3.5 percent. All demographics are working in record numbers.
After the lie about Obama’s economy being better than Trump’s, the establishment media tried to talk down economic growth by quoting Left-wing economists who were certain –Â certain! — that the booming economy under 45 couldn’t last so we were headed for a recession.
Except that never came, either.
So now, all the propagandists in the establishment press can do to assist whichever clown manages to stumble into the 2020 Democratic presidential nomination is lie about how good the Trump economy really is.
Exhibit A: CNN.
On Sunday’s edition of “[UN]Reliable Sources” with that news pimp Brian Stelter, Washington Post Opinion Columnist Catherine Rampell said flat-out lied about the booming economy.
“Before we had this $2 trillion dollar tax cut that’s below the long-term post war average of about three percent. It’s actually way below what it was when Bill Clinton was impeached. When Bill Clinton was impeached we were growing at about four-and-a-half percent,” she said.
Stelter responded that it is “fair to say the economy is growing” but those who are “Trump fans are exaggerating the growth.”
“All I hear on Fox is the economy, the economy, it’s growing incredibly,” Stelter — who is fixated on criticizing Fox News because people actually watch that network — added.
“The economy today is not substantially different from the economy before Trump took office,” Rampell fibbed. “It’s not like you can point to a point in the decline in unemployment and can see that Trump took office, the Red Sea parted and suddenly all these people gain jobs.
“These are basically the same trends we saw before, despite the fact that there has been all of this fiscal stimulus Trump has pumped into the economy through tax cuts, higher spending,” she continued, lying.
“We’re not seeing much payoff from any of it. But because those trends continue, because the economy has not crashed, for some reason Trump gets to claim credit for it, for the fact that things are okay.”
It’s because his policies and those of the GOP-passed tax cuts are responsible for the growth. And you just know that if Obama had achieved Trump’s numbers, these sycophants would be throwing them out right and left. But they’ve got nothing because Obama never grew our economy like Trump has.
As for the Clinton era, Rampell ran with it, claiming that when Clinton was impeached in December 1998 things were ‘better. According to the U.S. Bureau Labor of Statistics, unemployment was at 4.4 percent at the time. Again, today it is 3.5 percent.
We keep waiting for these lunatics to realize that they don’t have a media monopoly any longer and haven’t for some time, so fact-checking them happens nearly in real-time.
Watch:
Leave it to CNN to lie about our booming economy. pic.twitter.com/SXgVwocm15
— Townhall.com (@townhallcom) December 22, 2019
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Get yours FREE!
IMMIGRATION is the ball and chain around the economy that is keeping growth rates below 3%. That may be good, but solve the immigration problem and we can have a growth of 6-10%. This growth would spur American wealth to heights not seen since the 19th Century… Dan Patrick, the Lt.Governor of Texas, has stated there are at least 40 million illegals in the USA in 2018 and the numbers are climbing. When you count the children of these illegals the numbers could be as high as 50 million. Each one of these people cost the economy, including depressed wages,… Read more »
Gold, ammo, guns, and preps.
The stock market will correct, and profits will dwindle. All those satanic billionaires have to do is play partners, and do what soros does, that is, tank the stock market with massive sell-offs, topple government infrastructure, and usher in a marxist Constitution.
I’d be careful in celebrating.
This economy is great for the big Stock
market, but down to earth, trucking compa
nies are going belly-up, truckers sit for
days on end for a load, some find none.
As Brexit and Boris Johnson, told Trump,
it is the blue collar, “working people”
that put him over the hump. Trump better
not forget, it was those same working folks
who put HIM in office, not the big fat mill
oinaires that he loves to brag about.
Bear in mind, if tuckers aren’t moving,
NEITHER is the “real” economy, and will
all soon collapse, including the stock
market. (sr)
Spot on .50cal,that is exactly where ‘THEY’/the NWO is herding us,also silver is undervalued and cheaper to buy for us poor slobs in the 99%.
Obama and the UNiparty had managed to disconnect the economy from the working class. Any GDP gains were paper and gave no leverage for advancement to any owkring class. that’s what happens when there are doezens or even hundreds of applications for each job regarless of the so called employment raTE. That is how it was during Obamas time .The recovery was people have to eat and shelter themselves. =Stagnant.
If the old media wants to continue the lies, all one has to do is look at the market indexes that represent millions of stock holders across the nation. Record highs for all the major indexes. Ask yourself–do the demrats and their reporters in the old media empire know more than the market representing millions.
The stock market is an illusion. The FED is creating around 60 billion a month and lending it at near zero percent to the banks, Who in turn, besides buying back their own stock, lend it out to corporations at very low rates who also are buying back their own stock. Couple that with the Trump tax amnesty on foreign held cash by these companies and you have a booming stock market.
Neither Trump or Obama can take credit for the so called “booming” economy. The FED has far more influence. In fact this post recession FED has flooded the economy with debt. Creating more money each month and more bond buying and distressed assets than any FED body in history. This is helicopter Ben part two. The real truth is, the labor participation rate is continuing to slide, hourly wage growth is not keeping up with inflation and all that money the FED is creating is being used for large corporations to buy back stock.
Yeah! “Corrupto Joe” BiteMe (D-?) keeps talking about the “Economy is Struggling,” and paints the picture that America is like the “Grapes of Wrath.” I don’t see any “Okies” flooding to California these days, do you? I see Californicators flooding to Okalahoma and Texas, though!
All I’ll say is enjoy it while it last. The next time the idiots in the Democrat party elect a President, they will do the exact opposite of what Trump is doing. Raise taxes, add new regulations, capitulate to China on trade, etc etc. Democrats will ruin the economy just like they always do and spend all their time being SJWs.
Should we expect any different spin from the bottom of the news broadcasting barrel?