It seems I am allergic to the words I, me and my. Considering that Obama used those words 102 times, it seems I made a wise choice. I am also allergic to BS. But, as he always does, Obama lied continually.
He tried to take credit for the Trump economy, which is ironic since the way Trump revived the economy was mostly due to reversing a wide range of Obama’s policies. It should also be noted that everything that Trump did to improve the economy, the Democrats opposed.
From The Obama Speech
So we worked hard to end that crisis but also to break some of these longer-term trends. The actions we took during that crisis returned the economy to healthy growth and initiated the longest streak of job creation on record. And we covered another 20 million Americans with health insurance and cut our deficits by more than half, partly by making sure that people like me who have been given such amazing opportunities by this country pay our fair share of taxes to help folks coming up behind me.
And by the time I left office, household income was near its all-time high, and the uninsured rate hit an all-time low, poverty rates were falling. I mention this just so when you hear how great the economy is doing right now, let’s just remember when this recovery started. I’m glad it’s continued, but when you hear about this economic miracle that’s been going on, when the job numbers come out, monthly job numbers and suddenly Republicans are saying it’s a miracle, I have to kind of remind them, actually, those job numbers are the same as they were in 2015 and 2016 and — anyway. I digress.
1.) The crisis returned the economy to healthy growth.
Truth: Obama was the first president in history to not have a single year of 3.0% GDP growth.
2.) We covered another 20 million Americans with health insurance.
Truth: Obamacare covered 21 million but 28 million Americans remained uninsured. It was a failed government boondoggle that ruined US health industry.
3.) We cut our deficits by half.
Truth: The last Bush deficit was over $400 billion. Obama increased the deficit by a trillion dollars. It was at $600 billion when he left office.
Manufacturing jobs that Obama told the people were never coming back. Not under his watch anyway, but fortunately, we now have an American president who puts Americans first and not last.