President Donald Trump fired back Monday, Feb. 17, after former President Barack Obama suggested he was responsible for the American booming economy.
“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 tweeted, commemorating the 11th anniversary of the American Recovery and Reinvestment Act.
President Trump hit back the claim, calling it “the latest con job.”
“Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration. He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN. If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!” he tweeted.
….ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN. If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!
— Donald J. Trump (@realDonaldTrump) February 17, 2020
The Trump campaign also criticized Obama’s tweet, countering that the economic boom resulted from the Trump administration’s efforts to undo his predecessor’s policies.
“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,” Trump campaign national press secretary Kayleigh McEnany told Fox News. “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 hardworking Americans,” she added.
“Paychecks are growing at the fastest pace in a decade and twice as fast for low- and middle-income Americans,” she continued. “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.”
Obama officials have touted the $787 billion Recovery Act, passed 14 months after the beginning of the recession in December 2007, for stabilizing the economy. The unemployment rate under the Obama administration fell after reaching a high of 10 percent in October 2009. It has continued to fall under Trump administration and is at the lowest in the past 50 years.
The former president’s tweet came as new studies have emerged in favor of President Trump who is seeking his second term in 2020 election.
Earlier this month, new polling by Gallup revealed that President Trump’s approval rating is at an all-time high—49 percent, higher than Obama’s approval rating at the same point in his presidency in 2012 with 46 percent.
Additionally, a majority of Americans in a new poll say they are better off now than they were three years ago.
Americans are happier and more financially secure than ever under @POTUS.
Gallup poll: 61% of Americans say they are better off now than before @realDonaldTrump took office.
Promises made, promises kept. It’s not a slogan, it’s reality!https://t.co/albKBNykdx
— Rep. Jody Hice (@CongressmanHice) February 15, 2020
Meanwhile, on the other side of the aisle, Democrats are reportedly seeking ways to ensure that President Trump won’t be re-elected following the fallout of the impeachment, including attacking his economic successes.
“We have to have our own vision for the future, but everybody knows that we must be unified in making sure that [President Trump]he doesn’t have a second term,” House Speaker Nancy Pelosi (D-Calif.) said.