Obama challenged for taking credit for Trump economy

Wednesday, February 19, 2020
 | 
Chris Woodward (OneNewsNow.com)

upward trend growthWhen it comes to the U.S. economy, who deserves the credit? President Barack Obama – or President Donald Trump?

There's been considerable back and forth on the subject, and things took off Monday when Obama tweeted how the Recovery Act that he signed into law "pav[ed] the way for more than a decade of economic growth and the longest streak of job creation in American history."

President Trump responded to that on Twitter, calling it a "con job" and saying Obama "is now trying to take credit for the Economic Boom taking place under the Trump administration."

Economist Stephen Moore of The Heritage Foundation responded to the issue Tuesday on American Family Radio.

Moore

"We should all celebrate the fact that this is now 11 years since the recession ended," said Moore. "I think that is the longest recovery that we've had … since the end of WWII, so that's a very positive thing … but the Obama stimulus plan [cited by the former president] didn't work very well."

Moore believes the economy might have fared better had the government not borrowed and spent as much as it did during the Obama administration.

"When I working for Trump back in 2016, I was one of the people who basically told him – and he got this – 'If you unleash the economy and get rid of the taxes, the regulations, the restrictions on American energy, we could grow faster, we could create more jobs' … and that has happened," Moore continued. "Obama does deserve some of the credit, but the fact is the economy has really accelerated under Trump."

Moore went on to point that Obama economists warned Trump was going to create the Second Great Depression and or destroy the economy if elected.

"In 50 years, the liberals will try to explain how it is this president – who [they said] was going to destroy the economy – has given us the lowest unemployment, lowest inflation, lowest interest rates and the biggest wage gains in 30 to 40 to 50 years," he added.

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