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Navarro: Obama taking credit for economy is ‘fantasy land’

White House National Trade Council Director Peter Navarro says the only growth the Obama administration created was debt.

Navarro appeared on Fox Business Network’s “The Evening Edit” Tuesday night and when host Elizabeth MacDonald asked him what he thought of Obama taking credit for the Trump economy he said, “It’s just a fantasy land.”

“Obama didn’t understand the difference between a structural problem, which we had with trade and too much regulation and too high corporate taxes, and a cyclical problem,” Navarro said. “So all he did was do the Keynesian stimulus, the fiscal stimulus, printed a bunch of money, doubled the debt and we just flat-lined.”

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Who doesn’t remember the “you didn’t build that”, “2% is the new normal”, “magic wand” idiocy Obama threw out while he was in office. We’ve gone from Democrats’ position that Americans can’t do it so the government must, to the government isn’t the answer, Americans are.

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About Carl Fox

Carl Fox is the senior money and finance writer for Conservative Daily News. Follow him in the "Money & The Economy" section at CDN and see his posts on the "Junior Economists" Facebook page.
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