After spending two years campaigning on the false narrative that Barack Obama’s economy was a dumpster fire – and then failing to pass a single substantive piece of legislation to help the middle-class over the past 10 months – Donald Trump wants America to give him a round of applause for what he now calls a great economy.
In a tweet Saturday morning, Trump bragged about the same economic picture he assailed during the campaign season, touting low unemployment, job creation and a roaring stock market:
Unemployment is down to 4.1%, lowest in 17 years. 1.5 million new jobs created since I took office. Highest stock Market ever, up $5.4 trill
— Donald J. Trump (@realDonaldTrump) November 4, 2017
In other words, Trump seems to believe – or at least want you to believe – that this rosy economic picture came out of nowhere, thanks to him.
There are two major reasons this is complete and utter nonsense: 1. This type of economic growth was happening well before this president took office; and 2. Trump has enacted no substantive piece of legislation making life better for workers or wage earners.
During much of Obama’s presidency, particularly the second term, unemployment was low, jobs were being created, and the stock market was booming.
The 44th president enacted policies that prevented a second Great Depression, saved the auto industry, and laid the groundwork for the low unemployment and roaring stock market Trump is bragging about today.
The big picture here is that Trump will say and do anything to distract from his administration’s all-out implosion over the course of the past 10 months – whether it’s the escalating special counsel investigation into his campaign’s ties to Russia or his complete inability to get any of his agenda items through Congress.
Donald Trump’s presidency has been such a failure that he’s trying to take credit for the previous one.