Profile picture
Bansi Sharma @bansisharma
, 10 tweets, 2 min read Read on Twitter
1. Absolutely Wrong!

NY Times: "The same gauges that illustrate this administration’s economic successes also make clear that they are built on the achievements of the previous one, and that the economy is following the upward trajectory begun under President Barack Obama."
2. At an off-the-record lunch at the White House in June 2012, President Obama explained that he had to win re-election or Mitt Romney would get credit for an inevitable recovery during what would be his second term.

And yet Obama never had three consecutive quarters of GDP >2%.
3. Yes, Obama inherited a bad economy in 2009, but American economy always recovers phenomenally well and phenomenally fast after a deep recession or even a deep depression.
4. Even during the largest economic downturn in U.S. history, the economic recovery was phenomenal. Look at the The GDP growth numbers during the Great Depression years.
5. So when did the Great Recession caused by the financial crisis in 2008 end? In June, 2009. Obama presided over a post-recession period for over 7 years, never ever achieving 3 consecutive quarters of GDP growth above 2%, and never achieving an annual GDP growth above 3%.
6. Obama kept the U.S. economy artificially suppressed by his policies so much so that liberal economists started telling us that U.S. will never again see an annual GDP growth above 3%. They called it the "new normal." Anything to normalize Obama's incompetency.
7. Trump policies have achieved a GDP growth rate of 2% or higher in every single quarter of his presidency, hitting 4.1% in 2Q, 2018, and headed for a 3% annual growth rate.
8. How did Trump make the American economy soar? Through three crucial policy levers:
a) Changed public sentiment to improve American business environment
b) Eliminated unproductive business regulations
c) Tax Cuts
9. "You didn't build that" Obama couldn't make the American economy soar if he governed for a 100 years. Trump economy is NOT just an extension of the Obama trend. Obama had no economic trend, other than "1-2 quarters up, 1-2 quarters down." Obama was a thoroughbred SJW.

Obama didn't care whether economy, and hence the tax revenue, went up or down (the two are intricately linked as I explained in the below thread). All he cared about was implementing his own ideas of social justice.
Missing some Tweet in this thread?
You can try to force a refresh.

Like this thread? Get email updates or save it to PDF!

Subscribe to Bansi Sharma
Profile picture

Get real-time email alerts when new unrolls are available from this author!

This content may be removed anytime!

Twitter may remove this content at anytime, convert it as a PDF, save and print for later use!

Try unrolling a thread yourself!

how to unroll video

1) Follow Thread Reader App on Twitter so you can easily mention us!

2) Go to a Twitter thread (series of Tweets by the same owner) and mention us with a keyword "unroll" @threadreaderapp unroll

You can practice here first or read more on our help page!

Did Thread Reader help you today?

Support us! We are indie developers!

This site is made by just three indie developers on a laptop doing marketing, support and development! Read more about the story.

Become a Premium Member and get exclusive features!

Premium member ($3.00/month or $30.00/year)

Too expensive? Make a small donation by buying us coffee ($5) or help with server cost ($10)

Donate via Paypal Become our Patreon

Thank you for your support!