Talking about GDP growth, Obama stands out as the ONLY
administration that never achieved an annual growth rate of 3% or higher since
WW2. Bush Jr, Clinton, Bush Sr, Reagan, Carter, Ford, Nixon, Johnson, Kennedy,
Eisenhower, Truman – ALL of their administrations have seen growth of 3% or higher. From
this simple but important criteria, 8 years of "hope and change" was the
lousiest administration in the US post-WW2 economy.
Meanwhile, this article says,
"Overall, President Obama managed to turn the terrible economic hand he was dealt into a mixed economic record"
Source: US BEA.
Not true. During that period, 2009-2016, even anemic economies of
fellow rich countries managed to grow above 3%: Japan experienced 4.2% growth in
2010, UK grew 3.1% in 2014 while Germany experienced growth of 3.9% and 3.7% in
2010 and 2011, respectively.
There are observations that “Trump is profiting from policies introduced by the Obama
administration.”
Far out. The reality is that Trump is REVERSING,
not continuing and profiting from, the Obama policies. Exiting from Paris
climate racket, throwing away the clean power plan (CPP), deep tax
cut, etc.
Comparing US vs EU growth may be cool but the real economic competition and rivalry is US vs CN. Capitalist and democratic US vs communist
and dictatorial CN. CN has weaponized its fast growth and Obama
was watching as his interventionist policies have some similarity
with CN socialist policies, like singing halleluiah to global ecological
central planning.
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