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Tags: obama | trump | jobs | economy | unemployment | small business

The Real Story of the Obama Economy Vs. the Trump Economy

The Real Story of the Obama Economy Vs. the Trump Economy
Former U.S. President Barack Obama speaks during a Democratic Congressional Campaign Committee rally at the Anaheim Convention Center on September 8, 2018, in Anaheim, California. This is Obama's first campaign rally for the 2018 midterm elections. (Barbara Davidson/Getty Images)

By    |   Wednesday, 12 September 2018 05:24 PM EDT

Did you ever make $10 million? Have you ever lost all $10 million? Could you point directly to the fingerprints of one president who caused you to lose it all? Well then I have one heck of a story for you!

Former President Obama is so green with envy at Trump’s economic success, it’s funny to watch! I’ll tell you my personal story in a minute that explains everything.

First, a look at the remarkable success of President Trump. Trump did something even my hero President Ronald Reagan never did. I wrote a column weeks ago reporting that President Trump had produced the rare feat of higher GDP (4.2 percent) than unemployment (3.9 percent).

Reagan produced the greatest economic expansion in history, but even he never produced a year of higher GDP than unemployment.

Compare that to Obama, who is the only president in the history of America to never produce a single year of 3 percent or higher GDP. Since George Washington that's never before happened.

I also reported here in this column that Trump had the second highest rating in the history of the Small Business Optimism Index. I predicted on my national radio and TV shows that Trump was second by only a smidge to Reagan, but he wouldn’t be second for long.

I was right. The August numbers are out. Trump has surpassed Reagan 108 to 107. No president in history has ever made America’s small business owners happier.

Why do small business owners love Trump so much?

Here's a personal story. I was honored to be chosen recently to debate one-on-one against New York Times “Never Trumper” columnist Ross Douthat at the FreedomFest Conference in Las Vegas. We debated in front of several thousand attendees.

I made the case that Trump is the best president ever for small business, the economy, and jobs. And Obama was the worst ever. I used my real-life story as Exhibit A. I bared my soul.

I told the audience when Obama became president, I was worth just under $10 million. By the time Obama left office, I was worth close to zero.

Do you think that’s a coincidence? It just so happened that my entire life, I was always able to snap my fingers and earn a big income and build successful businesses. But with Obama as president, I suddenly forgot how to make money?

And it must be pure coincidence that the same thing happened to almost every small business owner I know. I guess we all forgot how to make money under Obama. We all got dumb under Obama.

And now that Trump is president, we're suddenly all smart again. Things are rolling for me again. The same goes for every small business owner I know. I guess it’s a coincidence we all suddenly remembered how to make money again?

The answer is simple. Obama was a socialist. He believed government was the answer to every problem. He believed in income redistribution (i.e. theft). He attacked us with massive taxes, massive regulations, massive healthcare hikes with Obamacare, nonstop IRS attacks, open borders, and of course with negative comments such as “You didn’t build that.”

He made business owners feel greedy, insignificant, unwanted, unloved. He threw so many roadblocks in front of us, we couldn’t succeed, no matter how hard we tried. We were running in quicksand. That’s how I went from almost $10 million to 0.

Then along came President Trump. A businessman. A fan of capitalism. A man who celebrated small business owners. He treated us like heroes. He dramatically cut taxes, cut regulations, killed the Obamacare mandate, made us feel valuable and wanted again. Trump took away the roadblocks. He greased the wheels. Suddenly, we were making money again. We weren’t running in quicksand anymore.

It’s not just “America First.” With President Trump, it’s entrepreneurs and small business first. Trump made us great again. And we're making America great again.

What a change. Even the NY Times and Washington Post praised the Trump economy this week. They both reported on the remarkable increase in blue collar jobs under Trump.

“Never Trumper” Ross Douthat of the New York Times listened to my opening speech. He walked to the podium and told the audience “I concede.” The audience roared. They all got it. I'm one of them. We’ve all lived Obama vs Trump. We know what’s happening. We never want to go back to Obama.

The audience voted at the end of the debate. I was voted the overwhelming winner of the debate.

Thank you, President Trump. We're all winners because of you.

Wayne Allyn Root is the host of "The Wayne Allyn Root Show" on Newsmax TV, nightly at 8 p.m. ET, found on DirecTV channel 349, Dish TV channel 216, or at NewsmaxTV.com. He is also a nationally syndicated radio host. Wayne Allyn Root is a former libertarian vice presidential nominee. He is the best-selling author of "The Power of Relentless." Read more reports from Wayne Allyn Root — Click Here Now.

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Did you ever make $10 million? Have you ever lost all $10 million? Could you point directly to the fingerprints of one president who caused you to lose it all? Well then I have one heck of a story for you!
obama, trump, jobs, economy, unemployment, small business
Wednesday, 12 September 2018 05:24 PM
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