I don't think you can give all the credit to Obama - sm Posted: Dec 25th, 2017 - 11:34 pm In Reply to: Are the MTSOs giving raises? - sm
The economy did grow under Obama. The problem is it was at 3rd world growth rates and never went above 3%.
It's a fair point to say that Trump was operating under Obama's budget until a few months ago. That begs the question, why couldn't Obama make the economy take off the way Trump did? I'm sure Obama would have loved to have 2016 be the year ISIS was defeated, above 3% growth, and a 5000 pt. single-year increase in the stock market. The fact that didn't happen in 2016 makes me think Obama had nothing to do with it.
Another problem with your theory is that all the companies I mentioned said the reason they were reinvesting and giving bonuses and raises is because of the tax cuts plan. I suppose you would accuse them of lying...
Here's the problem. Even if we accept your theory of Obama being the cause of the 2017 Trump boom, the actions of those corporations (in addition to the examples you cite) prove that trickle down really does work. Go ahead, give the credit to Obama if that fits your personal political views better. No matter who you give the credit to, you're still witnessing the trickle down effect and it is helping people.
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