Former President Barack Hussein Obama took to Twitter on President’s Day to claim credit for the economic boom, which prompted President Donald Trump to fire back later in the day.
Obama tweeted on Monday morning, pointing out the anniversary of his signing of the 2009 economic stimulus package.
“Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama tweeted, alongside a photo of his signature on the bill.
President Trump fired back on Twitter Monday evening mocking the former president, by pointing out the economy is better under the current administration.
“Did you hear the latest con job?” President Trump asked. “President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration.”
“He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN,” the president continued on Twitter. Continued Below
“If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!” President Trump added.
The Trump campaign, in a statement to Fox News Monday, also countered Obama’s claim, saying that the economy is only recovering because of the actions President Trump took to undo his predecessor’s policies. Continued Below
“President Trump reversed every single failed Obama-era economic policy, and with it, reversed the floundering Obama/Biden economy,” Trump campaign national press secretary Kayleigh McEnany said. “Obama and Biden orchestrated the worst economic recovery in modern history.”
She added: “By contrast, though, deregulating, lowering taxes, and supporting free-market policies, President Trump has created the hottest economy on record, with unemployment hitting generational lows and all-time lows for African Americans, Hispanics, the disabled, veterans and many other hard-working Americans.”
“Paychecks are growing at the fastest pace in a decade and twice as fast for low- and middle-income Americans,” she continued. “It’s no wonder Democrats seek to take credit for the Trump economy after eight years of betraying blue-collar workers and inflicting pain upon the middle class as Americans everywhere suffered. But the failed days of Democrat stagnation are over, and the soaring Trump economy is here to stay.” Continued Below
Former President Barack Hussein Obama’s tweet:
Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history. pic.twitter.com/BmdXrxUAUf
— Barack Obama (@BarackObama) February 17, 2020
President Donald John Trump’s official tweets:
….ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN. If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!
— Donald J. Trump (@realDonaldTrump) February 17, 2020
We leave you with Terrence Williams’ response to Obama:
HOLD UP! WAIT A MINUTE!
Former Lazy Lying #PresidentObama just took credit for the booming economy!
He’s taking credit for all the new jobs
Can somebody RT & tell him that President @realDonaldTrump is the reason why we have a booming economy!
Happy Presidents Day Trump! pic.twitter.com/MxrJFxwIM7
— Terrence K. Williams (@w_terrence) February 17, 2020