Why does Trump take so much credit for an economy that was recovering since 2014?
Unemployment down to 4.6% when Obama was leaving office trending downward, now only 1.4% less after 21/2 years, Trump acts like he s the savior.
GDP as high as 5.1% Q2 2014
4.9% in in Q3 2014, 4,7 Q3 2011, higher than 3% 9 Quarters, I agree is was not stable growth, but what can be expected from the worst recession since WW2,
DOW 1 year into Obama s presidency going down to 7400, going all the way up to 18,600 when he left.
- JuanaLv 75 months agoFavorite Answer
The economy was recovering since 2010.
- AthenaLv 75 months ago
LOL, recovering in 2014.
LOL, come on, you are killing me.
"Recovering ' Hahahahahahaaaaaa
20 Trillion in debt with NOTHING to show for it, record underemployment.
Ya, here, pull the other one.
Hahahah Oh stop, my sides hurt.
- thomas fLv 75 months ago
In late 2008, our economy was going to hell in a handbasket, and so we turned our nation's economy over to a junior Senator with no real leadership experience who abused Cocaine and slept in dumpsters (his own admission) and voted "present" on most legislation that was up for a vote in the Senate.
Obama then presided over the weakest, slowest, most sluggish, most anemic, most poverty inducing recovery from a major recession in US history. Obama is the only President to have below 3% annual growth for all 8 years of his presidency. Obama did everything in his power to choke the life out of the economy. He raised income taxes in the middle of a bad recession, and also burdened businesses with Obamacare, a huge new expense, which was ruled to be a new additional tax by the SCOTUS. He imposed massive new regulations and executive orders on businesses over and over, (which Trump has now mostly repealed.) And Obama prohibited drilling on Federal lands and in the Gulf, and refused to approve the KeystoneXL pipeline and the Dakota Access oil pipeline, sending the price of gasoline and fuel into very high prices, which further choked the economy and hurt the working class. And Obama approved a loan of ~$530million of US taxpayer funds to Solyndra Corporation, which then went bankrupt 2 weeks after receiving the cash, and many other stupid business decisions. Thankfully, Trump has reversed most of these economically hurtful policies, and we are now seeing the wonderful results. Recently, Obama himself has tried to claim that our booming economy is due to Obama? What took so long? After 8 long years, why wait until you are no longer in office to start improving the economy?Source(s): Obama's fuel & gasoline prices, which hurt the working class.
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- 5 months ago
Because his base is dumb. They don't take time to read and look up facts. He knows that he could lie like Pinocchio and they wouldn't care.
- OldHippieLv 75 months ago
This question is laughable. The economy turned around almost instantly because everyone knows Obama was for BIG GOVERNMENT and Trump is for business. The US economy is based on capitalism not socialism.
- RickLv 75 months ago
Obama had the slowest recovery in US history. Look at how many people are working, unemployment figures do not show the teenagers that have never worked.
- `Lv 55 months ago
Actually, it began recovering less than 6 weeks into his first term. BEFORE he'd passed any legislation at all.
- Anonymous5 months ago
Obama insisted we would never again see an economy do as well as it has under trump.
- MikeLv 75 months ago
Because Obama fouled it up