Kudlow Hits Back At Obama Claiming Credit For ‘Economic Miracle’
I'd love to say this to Our (former) Dear Leader, The One, Barack Hussein Obama (mmm, mmm, mmm...):
"You didn't build that... somebody else built that..."
This schmuck cannot stay out of the limelight, and just can't resist twisting the truth. Remember his statement that the new normal was 2 percent GDP growth? Remember his statement that manufacturing jobs would never return (and some have)? Etc. Obama belongs in the trash heap of history for the damage that he inflicted on the country during his eight years in office.
"You didn't build that... somebody else built that..."
This schmuck cannot stay out of the limelight, and just can't resist twisting the truth. Remember his statement that the new normal was 2 percent GDP growth? Remember his statement that manufacturing jobs would never return (and some have)? Etc. Obama belongs in the trash heap of history for the damage that he inflicted on the country during his eight years in office.
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Obama seemed not to understand that the best way government can help stimulate the economy is to step aside and let market forces work. What kept the U.S. economy experience modest growth during his administration was, ironically, the robustness of the very fossil fuel industry he set out to destroy. Legal action held off much of the impact of the mountain of regulatory changes he wanted which really would have driven the economy under water to a less than 1% growth. A Clinton presidency would have sustained those regulations and driven us into at least another recession.
It takes more than noble-sounding oratory to make an effective president. I, and others voted for Trump because we felt Obama had missed the opportunity to bring us together, and recognized it was time for a real disrupter who would force change. Rand Paul was my first choice, but when it became obvious he was being swept aside in favor of swamp creatures like another Bush, I was left with two choices: Ted Cruz, whose oratory sounded strident and preachy, or Trump, a very controversial reality TV show host, but a successful businessman who I felt would understand how to really stimulate the economy. I do not regret my choice. The economy is booming, and we have returned to a position of international respect To borrow from great spokesmen of the past, it isn't important if they like you or hate you, but it is important that they respect you.
There are some people I don't watch and always change channels: Obama is on top, followed by H Clinton and the rest of the cabal on the left.
"But I admire and miss him, despite the stimulus."
Do you admire him for being the Chief divider? The nation split under his tenure in the worst possible way.
Do you admire him for stifling the economy with all his regulations? He said it was not possible to grow at more than 2% rate. Maybe that escaped your attention.
Do you admire him for making us the laughing stock for his foreign policy, just to name a few "admirable actions"?
You are probably getting your ideas from the NYT. Wonder what are you doing on this board?
I certainly did NOT want more "stimulus". Stimulus was figuratively printing $1 trillion per year and casting it into the wind hoping for positive economic outcomes. That was done to shore up large banks who had made poor (and in some case criminal) decisions. When terra firma morphed into sand, those banks lost their financial underpinnings. Was it good to prop them up by further injuring the economy through the dilution of the dollar?
What I wanted to see was fewer government rules and regulations that stifled the opportunity for business growth. I wanted to see no further income redistribution from my pocket to others' pockets. We did not get that from Obama. His policies were responsible for the slow recovery (as slow as that from the Great Depression). He either didn't understand that he was getting in the way of the recovery, or he intentionally stood in the way of the recovery. From the comments he has made throughout his life, it is hard to believe anything but the latter.
That's my $0.02... your mileage may vary and will no doubt be lower in California.
The economy is great because of millions of actions of people finding ways to help one another for money or barter. That's what "the economy" is. It's someone staying late and working OT to help a business and earn extra money. It's someone offering to take away my junk so she can fix it up and sell it. It's people taking a chance, investing money into technologies that may help millions of people or may be a lesson in what not to do.
So often I see people doing this, serving one another as agreed, paying as agreed, and not just phoning it in. That's "the economy".
President Obama was my favorite president of my lifetime. He seemed more like someone I would know and relate to. I supposed that's part of his job, to project a relatable persona. I love that he didn't have scandals, and his critics have make things up or take utterances out of context.
The one issue of the president and economics that stood out to me was how he took office during the financial crisis and warned of the dire consequences of not doing more stimulus. I voted for hope, and that was fear. I wanted inspirational speeches about how people can solve their problems by putting their nose to the grindstone. Of course, his critics complained unemployment didn't rise fast enough. They wanted more stimulus, apparently. They laughed at his correct assertion that automation was causing employment to lag GDP growth. So you can't win in politics. But I admire and miss him, despite the stimulus, less than hopeful rhetoric at the beginning, and his going along with the notion that POTUS is responsible for the economy.