President Donald Trump slammed former President Barack Obama late Monday for taking credit for the booming economy, accusing his predecessor of having the “WEAKEST recovery since the Great Depression.”
Obama had previously tweeted that he’d been responsible for “paving the way for more than a decade of economic growth and the longest streak of job creation in American history.”
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. pic.twitter.com/BmdXrxUAUf
— Barack Obama (@BarackObama) February 17, 2020
Trump, whose administration has overseen a massive economic boom over the past three years, fired back at Obama for taking credit for his administration’s accomplishments.
“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,” Trump tweeted. “He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers ever,” Trump responded. “Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN."
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....
— Donald J. Trump (@realDonaldTrump) February 17, 2020
....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
A recent Gallup poll shows Trump has garnered the highest economic approval rating of any president in the past two decades, with 63 percent saying they approve of the way he has handled the economy. Gallup also reports 52 percent of Americans now say it is easier for them to "go and buy things in the stores" than it was in 2016. Confidence in the U.S. economy is at its highest point since 2000, while the number of Americans who say the economy is our greatest problem is at a record low.
Primarily thanks to his regulation rollbacks and tax cuts, economists agree that Trump, not Obama, is to be commended for the current economic boom.
(Cover Photo: Gage Skidmore)