A Real Magic Act to Follow!

June 1, 2016 - No FAKE News Here

President Obama hit presumptive GOP presidential nominee Donald Trump for not detailing the ways in which he plans to accomplish certain goals.

During a PBS town hall that aired, Obama referenced Trump's promise to bring back jobs to the United States when talking about manufacturing.

“Well, how exactly are you going to do that? What exactly are you going to do? There’s no answer to it," Obama said.

"He just says, 'Well, I’m going to negotiate a better deal.' Well, what, how exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer.” 

Barack Obama is back, and he now demands credit for the booming economy. “When you hear how great the economy is doing right now,” he said in a 9/7/2018 speech last week, “let’s just remember when this recovery started.”

That would be in the summer of 2009, but Obama's story is so more complicated. Also as a community organizer, Obama never ran any businesses either which further explains his personal weakness.

Milton Friedman was the first economist to notice a pattern in American economic history: The deeper the recession, the stronger the recovery. The economy has to grow even faster than normal for a while to catch up to where it would have been without the recession. The fundamentals of America’s world-leading economy are so strong that the pattern held throughout the country’s entire history. Wow, what a huge fact for all Democrat Progressive Socialists to deny!  ...I do hear noisy crickets!

Until the past decade. The 2008-09 recession was so bad, the economy should have come roaring back with a booming recovery—even stronger than Reagan’s boom in the 1980s. But Mr. Obama carefully, studiously pursued the opposite of every pro-growth policy Reagan had followed.

Obama's 2% real growth GDP over eight years was the "new normal". The American dream was over. Get used to it. Hillary promised to continue it, but President Trump changed course to drive a boom over 4%.

What Obama got was the worst recovery from a U.S. recession since the Great Depression!   Hmmn...  Don't hear any denials at all!