That was the question posed by Barack Obama in response to Donald Trump in the 2016 election when Trump said he could restore the economy and bring back American manufacturing. Of course, this was after eight long years of a virtually no-growth economy under Obama's reign, and it was his contention that the United States was simply transforming into a new economy.
What it was, essentially, was his excuse to try and explain what he was never able to do, and that was to lift the economy out of the throes of the economic crisis he faced when he took his first term in office. "Some of those jobs just aren't going to come back," he said. "Well, I'm going to negotiate a better deal. How are you going to do that?"
Of course, President Trump did in fact, negotiate better deals. Granted, it can be up for debate what real impact some of these deals had on actually bringing back manufacturing in a significant way, but many jobs did return, and certainly the policies that were implemented by Trump had a major positive impact on the economy itself.
Obama's comments signaled, to me, a capitulation and an admission (although quietly) that he had no idea how the economy actually worked, or how to fix it. It certainly showed in his results. And time and time again when he was asked about why the economy was experiencing one of the slowest recoveries in history, he simply pointed blame back at the Bush administration before him.
He blamed Republicans for the economic crisis in 2008 that was largely a result of Bill Clinton's, "Every American should be able to own a home," and blamed Republicans for hurting his economic efforts, and of course went on to simply blame the "new economy."
It was very clear that he felt that this was just the way things are now, and we're going to have to accept it and adapt to it. That was the capitulation part. "I can't fix what can't be fixed. We now just have to deal with what we have."
Only to turn around when Trump's economy soared and proved Obama very wrong and claim, "I did that."
Now Democrats are fit to claim that all of the economic woes we face today are the result of Trump's policies coming back to bite us in the butt. So, which is it?
On top of that, what Democrats are doing now is outright dismissing the first three years of Trump's rapid economic successes and only pointing to the last year. "See what he did? See what his policies left us with?"
Only it misses one big point. Covid. Because that was what sunk the economy in Trump's final days. But not through his policies. But through the recommendations of people like Dr. Fauci and Democrat leadership that insisted that businesses be shuttered, and the country should be locked down.
Of course it killed the economy. How could it not? Suddenly we had to print all sorts of money we didn't have to shore up business owners and workers who were sidelined by the shutdowns. It set the wheels in motion to face one of the biggest supply chain crises we've seen in decades.
The odd thing is that right before Trump left office, we actually began to see a massive uptick in the economy. It can only be argued that policies were implemented quickly by Trump to ensure we could get things moving again post-pandemic. They would have worked.
But Biden turned it around and stopped it in its tracks with new policies that made no sense, such as introducing the American Rescue Plan and reversing Trump's energy policies, both actions which catapulted us into 10% inflation by the end of 2021.
Whose fault is it we're in the boat we're in now? According to Biden and the Democrats it's Trump's fault.
It's the usual Democrat game. Blame someone else when things are bad and take the credit when things are good. Only there's one big problem here.
If Barack Obama wants to claim that Trump's stellar economy was a result of Obama's policies, and Biden won the election in 2020 and essentially continued Obama's policies, why is the economy not ten times better today instead of ten times worse?
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