Trump's Biggest 'Accomplishment' is Taking Credit for Obama's Economy
Despite what Donald Trump, Fox News, and the rest of the conservative media say or what their supporters want to believe the economy was doing well long before this president was sworn into office. In fact, the economy was strong during the vast majority of Barack Obamas presidency. Unemployment fell below 5 percent, we set a record for consecutive months of private sector job growth, corporate profits set records, as did the stock markets.
Yes, stocks have done remarkably well under Trump. However, as much as he likes to bring up the stock market, thats just one of many indicators of how well the economy is doing. It also brings me back to my point that stocks were rising well before he started calling himself president. So its not as if they were flat, or trending down, prior to his election.
Any rational person can look at the economic data over the past year and see that its nothing more than a continuation of what we saw for most of Obamas presidency.
Here are the unemployment rates for January for the years from 2010-2017:
2010: 9.8%
2011: 9.1%
2012: 8.3%
2013: 8.0%
2014: 6.6%
2015: 5.7%
2016: 4.9%
2017: 4.8%
For those wondering, as of writing this (January 19, 2018), the unemployment rate is 4.1%.
Read more:
https://forwardprogressives.com/trumps-biggest-accomplishment-is-taking-credit-for-obamas-economy/