Trump fires back at Obama, boasts he's got 'magic wand' on economy

anatta

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President Trump escalated the political battle with his predecessor Monday, boasting that he’s got a “magic wand” for the economy after Barack Obama tried to downplay the gains on Trump’s watch.

Obama hit the campaign trail for congressional Democratic candidates over the weekend, after delivering a fiery speech accusing Trump and Republicans of fueling "division and resentment" – and suggesting the current administration was taking credit for a recovery he engineered.

“When you hear how great the economy’s doing right now, let’s just remember when this recovery started,” Obama said Friday.

But Trump on Monday tried to use Obama’s past words against him.

“’President Trump would need a magic wand to get to 4% GDP,’ stated President Obama. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! We have just begun,” Trump tweeted.

his may have been a reference to a 2016 town hall where Obama pushed back on Trump’s vow to bring back manufacturing jobs by negotiating a “better deal.”

“How exactly are you going to negotiate that? What magic wand do you have?” Obama asked at the time.


Trump is crowing over recent estimates that the U.S. economy grew at a 4.2 annual rate in the second quarter, the strongest in almost four years. And he’s using the GDP numbers and job growth to hit back hard at Obama’s return to the campaign trail.

He also tweeted Monday: “The Economy is soooo good, perhaps the best in our country’s history (remember, it’s the economy stupid!), that the Democrats are flailing & lying like CRAZY! Phony books, articles and T.V. ‘hits’ like no other pol has had to endure-and they are losing big. Very dishonest people!”
http://www.foxnews.com/politics/201...ama-boasts-hes-got-magic-wand-on-economy.html
 
Obama pushed back on Trump’s vow to bring back manufacturing jobs by negotiating a “better deal.”

“How exactly are you going to negotiate that? What magic wand do you have?” Obama asked at the time.
Obama could not even conceive of binging back manufacturing job.

Then again he can't conceive of the regulatory state squashing growth
 
President Trump escalated the political battle with his predecessor Monday, boasting that he’s got a “magic wand” for the economy after Barack Obama tried to downplay the gains on Trump’s watch.

Obama hit the campaign trail for congressional Democratic candidates over the weekend, after delivering a fiery speech accusing Trump and Republicans of fueling "division and resentment" – and suggesting the current administration was taking credit for a recovery he engineered.

“When you hear how great the economy’s doing right now, let’s just remember when this recovery started,” Obama said Friday.

But Trump on Monday tried to use Obama’s past words against him.

“’President Trump would need a magic wand to get to 4% GDP,’ stated President Obama. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! We have just begun,” Trump tweeted.

his may have been a reference to a 2016 town hall where Obama pushed back on Trump’s vow to bring back manufacturing jobs by negotiating a “better deal.”

“How exactly are you going to negotiate that? What magic wand do you have?” Obama asked at the time.


Trump is crowing over recent estimates that the U.S. economy grew at a 4.2 annual rate in the second quarter, the strongest in almost four years. And he’s using the GDP numbers and job growth to hit back hard at Obama’s return to the campaign trail.

He also tweeted Monday: “The Economy is soooo good, perhaps the best in our country’s history (remember, it’s the economy stupid!), that the Democrats are flailing & lying like CRAZY! Phony books, articles and T.V. ‘hits’ like no other pol has had to endure-and they are losing big. Very dishonest people!”
http://www.foxnews.com/politics/201...ama-boasts-hes-got-magic-wand-on-economy.html


you are drug addled
 
President Trump escalated the political battle with his predecessor Monday, boasting that he’s got a “magic wand” for the economy after Barack Obama tried to downplay the gains on Trump’s watch.

Trump has to convince his supporters of "magic" because he can't explain what he had to do with the strong economy he inherited from Obama.
 
Obama could not even conceive of binging back manufacturing job.

No manufacturing has been "brought back". In fact, plenty of manufacturing has left (RE: Carrier, BMW, Harley).


Then again he can't conceive of the regulatory state squashing growth

What regulations specifically are "squashing growth" or did "squash growth"?

Trump's only had one quarter above 4% and that's thanks to a rush to get exports out before the tariffs.

Q3 growth will drop like a rock because the expected # of orders for exports won't be there. That will lead to manufacturing job loss.
 
Obama had a quarter of 4% growth just like Trump, who has not yet wrecked the great economy he was handed by Obama.

Obama's economic policy did not include bringing back jobs. Barack Hussein O.'s economic policy was wealth redistribution ... to his corporate cronies (solyndra, walmart, GE, etc.) ... more food stamps, more welfare, and extended unemployment benefits.
 
No manufacturing has been "brought back". In fact, plenty of manufacturing has left (RE: Carrier, BMW, Harley).




What regulations specifically are "squashing growth" or did "squash growth"?

Trump's only had one quarter above 4% and that's thanks to a rush to get exports out before the tariffs.

Q3 growth will drop like a rock because the expected # of orders for exports won't be there. That will lead to manufacturing job loss.

Trumpty's downturn in the economy has already started.
 
Not if trump is gone and a Democratic house leader takes his place.

pense is also dirty and cant stay
 
No manufacturing has been "brought back". In fact, plenty of manufacturing has left (RE: Carrier, BMW, Harley).
The July jobs report, released Friday, fell short of topline expectations.
But it showed that the manufacturing sector added 37,000 jobs and has added 327,000 jobs over the past 12 months.
The 327,000 jobs added over the past 12 months is the highest 12-month total since April 1995.
https://www.businessinsider.com/jobs-report-july-manufacturing-job-growth-highest-since-1995-2018-8
What regulations specifically are "squashing growth" or did "squash growth"?

Trump's only had one quarter above 4% and that's thanks to a rush to get exports out before the tariffs.

Q3 growth will drop like a rock because the expected # of orders for exports won't be there. That will lead to manufacturing job loss.
we are on track for 3+% ANNUAL GDP growth for the year.
There have been so many repealed and so few created in contrast to previous POTUS,
it's impossible to ID each one's effect.

That's why they call it a "regulatory enviornment". and business has responded to it
 
Obama's economic policy did not include bringing back jobs. Barack Hussein O.'s economic policy was wealth redistribution ... to his corporate cronies (solyndra, walmart, GE, etc.) ... more food stamps, more welfare, and extended unemployment benefits.

Whatever you think he did or why he it it, it worked.
Do I need to show you the graphs again, Big Doggie?

Barry-Yes.gif
 
There have been so many repealed and so few created in contrast to previous POTU

So you can't name one. Got it. Notice how with Conservatives it's always vague and ambiguous. That's because they have the depth of a kiddie pool.
 
Obama's economic policy brought more than eleven million jobs to the American economy.

Trump's economy is not bringing back any significant # of jobs from overseas. Coal miner jobs have decreased, as usual.

Trump's economic policy continues to be wealth redistribution upwards as evidenced by the budget and tax bills at whopping deficit increases.

Big Dog's posts prove that.
 
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