Former President Barack Obama oversaw and helped prolong the longest post-recession “recovery” in American economic history. Americans should have no trouble remembering that his administration is responsible for the longest period since the Great Depression where the unemployment rate stood frozen at 9% or above for 30 straight months, from April 2009 until September 2011. Or perhaps they should remember unemployment remaining above 8% for 43 months of stagnation, from February 2009 until August 2012.
Yet, in true out-of-touch-swamp fashion, Obama took to Twitter February 17 to celebrate the anniversary of him signing the “Recovery Act” eleven years ago. He claimed the infamous $1 trillion Keynesian stimulus package led to “the longest streak of job creation in American history.”
His tweet led to liberals flooding Twitter with #ObamaWasBetterAtEverything messages. But it also opened the floodgates to criticism and mockery from Donald Trump supporters and spokesmen.
The Official Trump campaign Twitter account blasted Obama for his “failed” economic policies, saying “we also found that Magic Wand you were talking about!”
Kayleigh McEnany, the Trump campaign’s national press secretary, stated: “Obama and Biden orchestrated the worst economic recovery in modern history.”
Of course, the President could not leave himself out of the fun. He tweeted Monday night:
“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!”
During his first term in office, President Trump signed the $1.5 trillion tax cut legislation, the Tax Cuts and Jobs Act. Since his 2016 victory, the US has enjoyed almost weekly stock market records and the unemployment rate stands at a 50-year low.
Even CNN has been forced to report on the President's outstanding chance of being re-elected just based on the economy, noting the consistently remarkable unemployment numbers and strong wage growth.