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For the past few weeks, Democrats have been trying to take credit for the booming economy even though Obama hasn’t been in office for an entire year. I find it tunny how they thought the markets would crash when Trump entered office, but now they want to take CREDIT for the record-breaking economy.
To settle this debate, the Wall Street Journal asked 68 different economic experts and they say that TRUMP deserves the credit!!!
Here’s the report from The Hill:
Trump and Obama (and their admirers) are slugging it out, both claiming that it is their policies that have led to the ongoing economic expansion, steady job growth and higher stock prices.
Happily for President Trump, the pros agree with him. A recent survey of economists suggest it is President Trump, and not Obama, who should be taking a bow.
The Wall Street Journal asked 68 business, financial and academic economists who was responsible for the strengthening of the economy, and most “suggested Mr. Trump’s election deserves at least some credit” for the upturn.
A majority said the president had been “somewhat” or “strongly” positive for job creation, gross domestic product growth and the rising stock market.
The pros cite the White House’s push for lighter regulation and the recent tax bill as critical to a pro-growth environment; more than 90 percent of the group thought the tax bill would boost GDP expansion over the next two years.
A year ago in the same survey, economists awarded President Obama mixed grades. Most saw his policies as positive for financial stability, but neutral-to-negative for GDP growth and negative for long-term growth. By contrast, Trump was seen as neutral to positive for long-term gains.
Why would Trump rate higher than Obama with this group? Economists point to the upturn in business confidence that accompanied Trump’s election, and tie that to increasing business investment. Spending on capital goods accelerated sharply over the first three quarters of last year, growing at an annualized rate of 6.2 percent.
And there you have it folks…the experts side with PRESIDENT TRUMP!
It’s pretty damn despicable that the Democrats would try to take credit for something that they thought would fail in the first place. However, you know damn well that if the economy started tanking, they’d immediately point their fingers at President Trump.
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Source:IloveMyFreedom
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