Tags: Barack Obama | Donald Trump | Financial Markets | Money | taxes | regulations | constraints

Is it Obama's Economy, or Trump's?

the donald trump economy

(Christopher Sciacca/Dreamstime)

By Wednesday, 08 January 2020 12:20 PM Current | Bio | Archive

Like it or not, that choice likely will be purely partisan.

But our current freight train of an economic boon has as much to do with the Obama Administration as the color of okra to do with the price of rocket fuel in Spain.

Plain and simply, it's all a brilliance born of a Republican "rogue," named Donald Trump.

Record unemployment that strikes its own history GDP growth that challenges even the miraculous achievements of the Reagan years — and America, now, back amid the glory of sovereign pride and global envy.

Obama's legacy? Or, Trump's genius?

Politics aside, it's all about micro and macro economics, something that  glaringly eluded the eight-year run of Obama celebrity but found fit and favor with Trump — the country’s long-awaited economic messiah.

Sorry, my Democrat friends, your nightmare is true. That behorned and cloven hoof Donald Trump has delivered what Barack Obama had sworn forever lost.

The explanation is simple.

During the previous administration, Obama spent inordinate amounts of time waxing politically on the economic inequities — income disparity, "tax breaks for the wealthy," constantly calling out the income gap as a curse peculiar to free market capitalism and racist America.

In addition, his administration smothered businesses with regulation after regulation.

On top of it all were the tax codes.

They were exploited to transfer as much wealth as possible from those believed to have enjoyed more than "their fair share" and infused the confiscated riches into nanny state social programs and agencies.

Now, there should be one thing on which all the educated and more discerned among us could agree. High taxes and layers of regulations are controls — constraints on businesses and households, alike.

With that understood, there is but one question to ask: Throughout the history of human commerce, when have constraints produced growth?

  • Barack Obama exits.

  • Enter, Donald Trump.

  • Taxes are lowered.

  • Regulations are stripped away.

  • The economy ignites.

  • No one looks back.

My friends, that is not a matter of correlation; that is causation, meaning one event produces the other. On the other hand (Democrats, cover your eyes), a correlation to the economic turnaround would be Obama’s exit.

There was hardly a breath between the removal of Obama taxation and regulation, before business leaders regained confidence, released bound up capital, returned offshore trillions of dollasrs to their domestic business units, resumed hiring, and accelerated production to serve a market that had starved for eight long years.

Then, the grand coup de grace — should your discussion rivals still insist that it was Obama’s policies that triggered this record-setting economy — here is the final challenge to pose.

Tell them to name one. . . just one . . . Obama policy that was the spark behind the country’s explosive economic growth.

At this point, you should be prepared to leave under a barrage of expletives, name-calling, and the end of a relationship. Hell hath no fury like that unleashed by a Democrat painted into a corner without a factual leg to stand [on].

Milt Thomas grew up on a South-Georgia farm, graduated magna cum laude from the University of Georgia’s Grady College of Journalism, and received his MBA from Emory University’s Goizueta Business School. After a career as an executive with Cox Broadcasting, WSB-TV, Home Depot, and The Coca Cola Company, he is working to launch a new tech startup to rival social media and elevate the internet’s entire quality experience. He has written and self-published his first book, "Black, Dumb and Barefoot...And Knocked Up By the Democrats." Milt makes his home in the Atlanta Metro. To read more of his reports — Click Here Now.

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There is but one question to ask: Throughout the history of human commerce, when have constraints produced growth?
taxes, regulations, constraints, wealth
Wednesday, 08 January 2020 12:20 PM
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