A tug-of-war over who got economy booming

Friday, September 14, 2018
 | 
Chris Woodward (OneNewsNow.com)

Trump and Obama at WH post-electionThe debate continues over which president should get the credit for today's economy: Barack Obama or Donald Trump.

"When you hear how great the economy is doing right now, let's just remember when this recovery started," Obama told students and faculty September 7 at the University of Illinois. "When you hear about this economic miracle that's been going on, actually those job numbers are the same they were in 2015 and 2016."

MSNBC, home to Trump haters and Obama apologists, has been quick to claim Obama is correct.

Using numbers from the Bureau of Labor Statistics (BLS), MSNBC reports that Obama had more jobs created in the last year and a half of his presidency that Donald Trump did in his first year and a half as chief executive.

Unemployment, meanwhile, has been steadily falling for a few years before the Trump administration took office.

Obama's critics, however, say the numbers were merely returning to levels they were at or near before he took office.

Robert Romano of Americans for Limited Government tells OneNewsNow the economy did not grow above three percent once while Obama was in office.

"I think it shows that former President Obama is extremely concerned about his legacy," Romano says. "In his mind, the time to start counting the Obama economy is only when the jobs were moving in the upward direction and therefore any jobs in the upward direction, into the Trump administration, similarly must be credited to Obama."

It's wouldn’t be surprising, he adds, to watch Obama criticize the Trump economy in the future if the business cycle runs its course and the numbers start going down again.

Regardless, Romano says voters tend to hold incumbents accountable for the state of the economy at any given moment.

"So when there is an election," he says, "they're going to look at the economy right now and say President Trump is either doing a good job or a bad job based upon how the economy is doing."

That is just how the political system works, he adds.

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