U.S. President Barack Obama holds a news conference after participating in the NATO Summit in Warsaw, Poland, July 9, 2016. REUTERS/Jonathan Ernst
Last updated on July 17th, 2023 at 09:46 pm
As Donald Trump touts dubious to flat out untrue claims of saving or creating hundreds of jobs, President Obama will leave office with the longest consecutive job creation streak in 75 years.
The Hill ran down the glowing Obama jobs statistics:
When President Obama took office in January 2009, the unemployment rate was 7.8 percent and the economy was in the throes of a deep economic crisis.
The jobless rate peaked at 10 percent in October of Obama’s first year in office and took five years to gradually drop back below 6 percent.
The economy has added jobs for 75 straight months, the longest streak since 1939.
The Hill also noted that the rate of growth has been slower than in previous administrations, which is due to Congressional Republicans insisting on austerity while obstructing any plan that could have increased the rate of job growth, and the manufacturing sector has struggled over the past year.
The reality that Republicans refuse to acknowledge is that Trump is inheriting an economy that is light years better than the crisis of trying to prevent a second Great Depression that was waiting for Obama when he stepped through the White House front door.
Given the obstacles that this president has faced, Obama has done a remarkable job. When the Republican economic ideology again crashes the economy, president-elect Trump will try to blame Obama.
The numbers don’t lie. Trump is being handed a supersonic jet of economy that is poised for takeoff. If Republicans fly it into the mountain, it will be even more evidence that conservative economic ideology does not work.
Obama delivered. Now all of the pressure is on Trump to do the same.
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