It's one thing for Joe Scarborough to criticize President Trump regarding various controversies. But when Scarborough brazenly boasts about the "Obama recovery," and thanks President Obama for it, you know that the former Republican has gone all-in with the Democrats.
Playing off the recent drop on Wall Street, Morning Joe opened today by mocking Trump for his positive comments on the market back in August. Fine. But Scarborough then took things a servile step further, declaring:
"This tax cut that was passed, was promised, actually, pump the prime [sic] and, you know, we're going to put another $1 trillion or $2 trillion into the economy when the economy is already doing extraordinarily well. Thanks, President Obama, for the Obama recovery."
If there's one thing on which economists of varying stripes agree, it's that Obama gets little credit compared to Trump for the strong, current economy.
So please, Joe, attack Trump if you will over Stormy Daniels, etc. But you make a laughingstock of yourself for lauding the previous prez for the "Obama recovery."
The Hill explained:
Trump and Obama (and their admirers) are slugging it out, both claiming that it is their policies that have led to the ongoing economic expansion, steady job growth and higher stock prices.
Happily for President Trump, the pros agree with him. A recent survey of economists suggest it is President Trump, and not Obama, who should be taking a bow.
From the New York Post:
In his final year, Obama handed off to Trump an economy that was limping at 1.6 percent.
After only 18 months in office, Trump has elevated growth to 3 percent on an annual rate.
Obama famously ridiculed Trump’s campaign promise of faster growth and a comeback in manufacturing jobs by saying this could only happen if Trump was waving “a magic wand.” Obama’s first chief economist, Larry Summers, proclaimed to the world that 2 percent was the best we could hope for.
[Under Obama] the economy was stagnating in 2016 after the weakest recovery from a recession since the Great Depression.
A partial transcript is below:
Morning Joe
12/18/18
6:00am
PRESIDENT TRUMP [on August 23rd]: The stock market just broke 26,000 for the first time ever in history, so today we have the highest stock price we've ever had had. And I said that's going to happen, and it's happened. Everything I said is going to happen, it ends up happening.
MIKA BRZEZINSKI: Did the President say the stock market would be facing its worst December since 1931 and the Great Depression? Because, that's also happening.
JOE SCARBOROUGH: It really is unbelievable, this tax cut that was passed, was promised, actually, pump the prime [sic] and, you know, we're going to put another $1 trillion or $2 trillion into the economy when the economy is already doing extraordinarily well. Thanks, President Obama, for the Obama recovery. But, yeah, Mika, my gosh, right now, the market is going up and down, but really having the worst December since the Great Depression.
