Obama was right... the economy was getting better IN spite of his efforts and comments...

healthmyths

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Sep 19, 2011
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Just think. If Obama hadn't been working AGAINST the economy but encouraging it who knows who would have been president. One fact for sure though is President Trump WOULD NEVER say comments like the below NOR would he take the actions that Obama did to thwart the economy as Obama did.
IN spite of Obama's efforts the economy limped along and if Americans hadn't gotten fed up with a President that "apologized" for America, who called us dummies... who considered himself a Globalist first then an American we would have the headlines we have now regarding our economy.

ObamaAntiBussiness090118.png
 
More than the Trump tax cuts are two areas that President Trump IS NOT getting much credit for are:

Reduction in rules and regulations.

Under Obama versus Trump...
How much money does federal regulations cost our economy?

Every year economist Clyde Wade Crews of the Competitive Enterprise Institute releases a report, entitled “The Ten Thousand Commandments” analyzing federal regulations and their costs.
Crews’ analysis found that in 2010 the federal government spent around $55.4 billion dollars funding federal agencies, and enforcing existing regulation.
But these costs barely compare to the compliance costs that regulation imposes on the economy.
Crews’ report cites the work of economists Nicole V. Crain and W. Mark Crain, whose study of the net cost of regulations determined that in 2009 federal regulation cost businesses and consumers $1.75 trillion, or nearly 12% of America’s 2009 GDP.
As a comparison, in the same year, corporate pre-tax profits for all businesses totaled about $ 1.46 trillion.
The Hidden Cost of Regulation | FreedomWorks

Consider that factor that R&Rs cost nearly 12% of GDP or $1.75 trillion!
NOW what would be the value of cutting that figure by just 50% which according to the below table that's what Trump's been doing?
Well if in 2009 12% of GDP went to R&Rs.. it would be at today's GDP of $20.5 trillion ... nearly $2.5 Trillion... But since Trump's been cutting it by 50%
That figure is the same as it was in 2009 YET the GDP has grown to $20.5 trillion... A savings to the economy of nearly $1 trillion alone just by reduction of R&Rs!

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