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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.

The END
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.
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