President Trump inherited a stagnant economy, weighed down with regulations and taxes. He reversed those practices and the economy took off. Today, former President Obama took credit for the Trump economy, falsely claiming his Recovery Act of 2009 paved the way for the growth we now see.
The Recovery Act was a giveaway of trillions of dollars that did not stimulate the economy. Instead, it was mostly a payoff to unions.
Obama takes credit:
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
THE FAILED RECOVERY ACT
Barack Obama is trying to rewrite history. In fact, he was noted for his jobless recovery. People couldn’t find work and dropped out of the workforce or took part-time jobs or full-time jobs beneath their capabilities.
Obama spent 3% of the Stimulus on shovel-ready jobs, although it was all supposed to go to jobs. He thought it was a joke.
Watch:
The GSA spent some of the Stimulus funds on a Las Vegas trip. There was no real oversight or controls put on the money.
Some of the Stimulus went to foreign workers. Billions for alternative energy were wasted. The biggest chunk of the taxpayer dollars went to HHS for Obamacare. It did nothing.
The Recovery Act failed miserably.
The cuts to taxes and regulations by President Trump greatly increased the revenue, but, unfortunately, the spending is still out of control.
President Trump said he would address it in his second term. That will be an uphill battle. The politicians simply don’t care. The fiscal conservatives are nowhere to be found.
THE RESPONSES
Fun Factoid: 94% of the “Jobs” you created were part-time.
People lost their employee insurance, could only get a part-time job, then had to pay for their own insurance…
Biggest failure in American History🤡🤡#PresidentsDay2020 pic.twitter.com/mtvDHp1BGn
— Deplorable🎃Texan (@MediaJuggernaut) February 17, 2020
How much did you get paid to poison our schools with common core? You gave them $350 million in tax money and got a $65 million kickback in return…and math scores plummeting. I hope your Martha’s Island mansion was worth dumbing down American children.https://t.co/073MZgItMa
— Mindy Robinson 🇺🇸 (@iheartmindy) February 17, 2020
even @SNL #SNL mocked the stimulus as a fail🤣https://t.co/wI07ny8W3Q
— 🇺🇸🇺🇸 Miguelifornia 🇺🇸🇺🇸 (@michaelbeatty3) February 17, 2020
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