Tags: 2020 Elections | Barack Obama | Donald Trump | Trump Administration | trump | obama | economy

Trump Campaign Fires Back After Obama Takes Credit for Economy

Trump Campaign Fires Back After Obama Takes Credit for Economy

By    |   Monday, 17 February 2020 05:36 PM

Former President Barack Obama on Monday seemed to be taking credit for the booming economy Monday when he tweeted out a photo of his signature on the 2009 economic stimulus bill.

"Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history," Obama wrote along with the photo.

But President Donald Trump's campaign was having none of it, releasing a statement to Fox News countering Obama's assertion that is was his policy's that turned the economy around.

"President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy," said Trump campaign national press secretary Kayleigh McEnany. "Obama and Biden orchestrated the worst economic recovery in modern history.

"By contrast, though, deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans," McEnany added.

"Paychecks are growing at the fastest pace in a decade and twice as fast for low- and middle-income Americans," she said. "It's no wonder Democrats seek to take credit for the Trump economy after eight years of betraying blue-collar workers and inflicting pain upon the middle class as Americans everywhere suffered. But the failed days of Democrat stagnation are over, and the soaring Trump economy is here to stay."

When the American Recovery and Reinvestment Act was signed in February 2009, the economy had been in recession for about 14 months. The national unemployment rate hit its high later that October before it began a turnaround that has continued to today, but whether the act actually was the force that turned the economy around has remained disputed, Fox noted.

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Former President Barack Obama on Monday seemed to be taking credit for the booming economy Monday, President Donald Trump's campaign was having none of it, releasing a statement to Fox News...
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2020-36-17
Monday, 17 February 2020 05:36 PM
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