Obama Flaunts His Pessimism

Former President Barak Obama truly cannot figure it out.

A man who never met an economy he could understand just cannot figure out how current President Donald Trump could turn around the U.S. economy so quickly.

He just has no idea. He is baffled by the whole thing. So much so, he is compelled to broadcast his incredulity across the globe in a speech meant to denigrate the sitting president but only served to bring into sharp contrast the glaring differences between the two men.

President Obama believes that only Government can grow an economy. That the only time the economy LOOKED to be growing was when his administration injected $ 832 Billion into the U.S. economy. This he did by sending U.S. Taxpayer money to the states in order to prop up their public sector workforce since, with all these people being out of work in the country, the tax revenues were falling and the states were looking to cut their public employee ranks.

So the government spent a lot of money. A lot of money they had to pull out of the pockets of the people who earned it first. In essence, it's robbing Peter to pay Paul and we would never know how far that $ 832 Billion dollars would have gone to stimulate the economy had it been left in the peoples pockets to spend as they see fit.

Then President Obama did not trust the American people with their money. He and only he could know how better to distribute these funds to GROW the economy.

And for a little while it did, of course, because the states spent that money and kept their public sector employed. They got paychecks and money was put into circulation. But it was just a band aid, a short term solution to a long range issue. And it eventually showed.

Once that money was spent, after the 2nd and 3rd quarters of 2014 looked like things were taking off, the economy fell right back to below expectations and at one point, between the 3rd quarter of 2015 to the 1st quarter of 2017, tripped along at 1%, 0.4%, 1.5%, 2.3%, 1.9%, 1.8% and 1.8%.

And that is the Obama Ecomony we all remember, the one Mr. Obama thinks we do not.

That is because there was no return on that money put into the economy. When it was spent, it was gone and the economy got nothing back. There were no businesses that grew because of it and no additional wealth created by it. Money taken out of the economy and then put back into it isn't an Investment. There's no net gain. It's just a wash but for the many extra hands it passes through. The middleman, in this case The Government, takes it's cut too. Where is the growth in this process?

President Trump, on the other hand, put the money back into peoples pockets so they can go out and spend it. Not just because of the tax cut but also ending excessive regulations and other business taxes that restricted small business growth. People think that big corporations are the largest employers of American workers but it's really small business, companies that employ 100 people or less, who have always been the backbone of U.S. industry.

Under the Obama administration small businesses were just another stream of revenue and his administrations policies restricted them but under the Trump administration, these restrictions are being eased and they are coming back and coming back for everybody. All boats are being lifted in the new tide.

The man who once told union employees in the manufacturing sector that their jobs were NEVER coming back and that this was the NEW NORMAL can never understand what it takes to foster real growth.

This is why Mr. Obama is back out on the campaign trail. He's trying to buy a CLUE!

No Mr. Obama, you may think it takes a magic wand to do what President Trump has done but it doesn't. It takes an OPTIMIST. A person who believes that great achievements can be accomplished by a nation that he thinks is GREAT.

You aught to have tried it but you didn't believe it could happen.

Big difference.