Obama: 3 percent growth is impossible – Ignorance or intentional lie?
The Obama administration mocked the idea that America could ever again have three percent annual economic growth. It’s both a statement of stupidity and a liberal lie.
On or about April 29, 2016, this idea that no more real economic growth is possible in America became the “new normal” for Obama and his pals. In their limited, traditional, head-in-the-sand opinions, they were stating the truth as big-government leftists see it. After all, liberal economic policy concentrates on the welfare of, and the expansion of, government. A government that reluctantly provides a few hand-me-down goodies from big brother to the middle class, if it provides any consideration for the middle class at all.
While Obama covered lavishly for any losses insurance companies may have experienced under his unconstitutional and illegal Obamacare, he heaped benefits on his ultra-rich Wall Street buddies via a rigged interest rate calculation scheme that artificially buoyed the stock market, and by printing money in vast quantities. Also during the Obama administration, we witnessed the reintroduction of the failed policy of giving home loans to people who had a proven record of not making payments on their loans in the past. This scheme was intended to get the real estate market booming again. It had the down-stream result of artificially increasing the personal wealth of Obama’s Wall Street pals by boosting the stock market to a Dow Jones rating to unheard of levels.
President Trump took advantage of the bubble that Obama’s scheming created in the stock market and, with the soundest of economic policy and in anticipation of Trump’s tax cuts and reducing or eliminating growth-killing regulations, the Dow Jones Average has increased by over 5000 points since Trump took office. Americans can all thank God that they have a real, thinking man in the White House who understands that when people are free to seek their own benefit and not serve at the yoke of big government, great things happen for all.