Donald Trump Is Pretending Like He Isn’t Inheriting A Booming Obama Economy

Last updated on July 17th, 2023 at 09:37 pm

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The statement on the latest jobs numbers from Trump’s economic adviser bordered on delusional. Instead of discussing the pre-recession level unemployment rate or the hundreds of thousands of private sector jobs created, Team Trump is pretending like the good economy doesn’t exist.

In a statement, Trump economic advisor Peter Navarro said:

The November jobs report showing a decline in the labor force participation rate further demonstrates an urgent need for President-elect Trump’s America First economic plan. We have not seen levels this low since 1978. The 4,000 manufacturing jobs that disappeared last month come on top of the over 300,000 that have been lost under President Obama.

Even before taking office, President-elect Trump has proven that protecting and creating jobs will be among his highest priorities as president. His determination to save 1,000 Carrier manufacturing jobs in Indiana announced this week is just a preview of his agenda of prosperity for all. Furthermore, the cabinet picks of Steve Mnuchin for Treasury Secretary and Wilbur Ross for the Department of Commerce signal a seismic and transformative shift in trade policy – one that works for American workers and domestic manufacturers, not for the multinational corporations shipping jobs offshore.

It should be noted that the president-elect just cut a deal with a multinational corporation that allowed them to shift jobs offshore and gave them a $7 million reward for keeping 800 jobs in the US.

The Obama economy’s success can’t be ignored. 178,000 jobs were created in November. Unemployment has fallen to 4.6%, and as The Atlantic pointed out, “When Barack Obama took office, the unemployment rate was passing 8 percent on its way to 10 percent. But U.S. unemployment has now been at 5 percent or below every month for a full year.”

Trump’s advisers can babble about labor participation rates and fake recoveries, but the reality is that the policies that Republicans are proposing are wrong for the economy at this time, and they will trigger a “Trump recession.” It is not a matter of if Trump’s policies will slow the economy down, but of when the recession will hit.

Trump is pretending like he is inheriting a bad economy so that he can blame Obama when his policies send the country into recession. The truth is that Trump is about to pull a George W. Bush and turn a good economy bad.

Republicans are trying to hide it, but it is President Obama who has made America great again. Donald Trump and the GOP are about to create a mess that it will be up to the next Democratic president to clean up.

Jason Easley

Jason is the managing editor. He is also a White House Press Pool and a Congressional correspondent for PoliticusUSA. Jason has a Bachelor’s Degree in Political Science. His graduate work focused on public policy, with a specialization in social reform movements.

Awards and  Professional Memberships

Member of the Society of Professional Journalists and The American Political Science Association