Tuesday, February 18, 2020

Obama's attempt to take credit for Trump's economy backfires BIGLY



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TRUMP 2020! 🇺🇸

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The fight between former President Obama and President Trump on claiming American economic prosperity has been heating up, but former Reagan economist Art Laffer declared the verdict is clear: President Trump caused the thriving Trump economy. ⁣ ⁣“Trump has caused the Trump economy and deserves all the credit for it,” Laffer told FOX Business' Stuart Varney on Tuesday. “His policies are right on mark ... and they really are his policies. President Trump understands the economy. Obama didn't.” ⁣ ⁣Obama inherited an economy on the rocks after the market crashed in 2008, and, Laffer said, he was able to bring it back, albeit slowly. What Americans are seeing now in the Trump economy, he said, is a “continuation and a surge ... that is second to none.” ⁣ ⁣“President Obama is a fine man, but he’s not an economist,” Laffer said. ⁣ ⁣Laffer said the seven-year-long recovery under Obama was the slowest in history and now Americans are flourishing in the boom Trump created thereafter. ⁣ ⁣“This is the Goldilocks economy if I've ever seen one,” Laffer exclaimed. “And it's because President Trump understands economics ... You get the growth of the U.S. staying at very high rates. You get tax revenues coming in nicely. You keep inflation under control. I mean, what's more to ask?”

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(H/T R.R.)‬

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