Trump slam Obama over taken credit for US economy’s expansion

United states president, Donald Trump have slam his predecessor Barack Obama over his tweet claiming that he’s responsible for creating legislation credited to America’s economic expansion.

Obama on Monday tweeted a photo of what appeared to be his signature at the foot of the Recovery Act, a stimulus package passed in February 2009.

The Former President wrote:

“Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,”.

On the other hand, Trump quickly rebuffed Obama’s claim on Twitter and slammed it as a “con job,” claiming that “the best is yet to come.

Trump decried the economic recovery under Obama as the weakest since the Great Depression of 1929.

President Donald Trump claims credit for the strong economy, claiming that he inherited a “disaster” from President Barack Obama and that he “accomplished an economic turnaround of
historic proportions.”

Under Obama, unemployment was cut from a recession-peak of 10 percent to only 4.7 percent. It has continued to drop and now is extremely low at 3.6 percent

Trump’s claims, the $787 billion American Recovery and Reinvestment Act sparked the longest period of economic job growth and creation in United States history.

During the last two years of the Obama administration, annual median household income increased to $4,800. This is three times more than the $1,400 increase during the first two years of the Trump administration.

By the end of the Obama administration, the economy had experienced 76 consecutive months of job growth. Since Trump became president, the streak has been extended to 109 consecutive months.

He tweeted: “Did you hear the most recent con work? President Obama is presently attempting to assume acknowledgment for the Economic Boom occurring under the Trump Administration.

“Ever. Needed to build our military, which was completely drained. Encouraged Rate UP, charges and guidelines WAY DOWN.

He had the WEAKEST recuperation since the Great Depression, notwithstanding Zero Fed Rate and MASSIVE quantitative facilitating. Presently, best occupations numbers….”

 

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