January 26, 2018--Trump vs. Obama
Donald Trump launched his political career by savaging Barack Obama, beginning with the birther racism to accusing him of being a stealth Muslim to doing all he could first as a candidate and now as president to discredit and dismantle everything that was accomplished during the Obama eight years in the White House.
It is as if Trump wants to nullify Obama's presidency (more racism) and delete his name from history. To make it as if Obama was not president. Forget that--to make it so that he never existed.
For Trump's most ardent followers this is the definition of how to make America great again: Purge the country of people of color and anyone who is not Christian. Actually, not a Protestant.
If one is looking for the Trump policy agenda all that is needed is to take out a list of Obama's achievements and invert them. Voilà, the Trump agenda is revealed. For example, most recently, most dramatically Obama-annihilating, Trump allowing all states bordered by our oceans to license oil companies the unfettered right to drill.
Try as Trump might to pull off this campaign to overturn Obama's record and place in history, the facts, assuming anyone is interested in them, present a very different picture.
Case in point, a recent Joe Scarborough op-ed column in the Washington Post, "The Damage Trump Has Done, Documented."
Drawing on data about the state of the economy from a January article in Forbes Magazine, not exactly a Bernie Sanders endorsed publication, "Trump's Economic Scorecard: One Year Since Inauguration," Scarborough compares how the economy fared during each presidency.
Most self-vaunted is the run up of the stock market. Trump claims there is no better evidence that his economic policies are working and that this is in contrast with the "failed" Obama record. During the first year of the Trump presidency the run-up in the Standard & Poor's average was a noteworthy 19.4%. But, though he never fails to reject the idea that he inherited a heating-up economy from Obama, the market did even better during Obama's first year--rising on the S&P an astonishing 23.5%.
In regard to jobs created Trump's numbers were lower in 2017 than in any of the first six years of Obama's presidency. And the unemployment rate declined faster under Obama than during Trump's first year in office.
The budget deficit last year was $666 billion, whereas it was a declining $585 a year earlier under Obama. And the national debt, a favorite target of conservatives, is now accruing at a more rapid rate than during the years of the Obama administration.
Then the trade deficit, an important indicator of economic health, was worse last year than in any of Obama's eight years.
There are things to criticize when it comes to the Obama record about the economy (for example the unrelenting growth in the gap between the wealthy and middle class), but things with Trump in regard to the economy, acknowledging its early achievements, are for the most part not as noteworthy as during the Obama years.
One thing is certain, President Obama's record, which, in spite of Trump's obsessive assault on it, continues to endure while we may soon see the dismantling of the Trump presidency itself. And over time we will also see how history regards each of them. The outline of that, regardless of the Trump posturing, is already clear.
It is as if Trump wants to nullify Obama's presidency (more racism) and delete his name from history. To make it as if Obama was not president. Forget that--to make it so that he never existed.
For Trump's most ardent followers this is the definition of how to make America great again: Purge the country of people of color and anyone who is not Christian. Actually, not a Protestant.
If one is looking for the Trump policy agenda all that is needed is to take out a list of Obama's achievements and invert them. Voilà, the Trump agenda is revealed. For example, most recently, most dramatically Obama-annihilating, Trump allowing all states bordered by our oceans to license oil companies the unfettered right to drill.
Try as Trump might to pull off this campaign to overturn Obama's record and place in history, the facts, assuming anyone is interested in them, present a very different picture.
Case in point, a recent Joe Scarborough op-ed column in the Washington Post, "The Damage Trump Has Done, Documented."
Drawing on data about the state of the economy from a January article in Forbes Magazine, not exactly a Bernie Sanders endorsed publication, "Trump's Economic Scorecard: One Year Since Inauguration," Scarborough compares how the economy fared during each presidency.
Most self-vaunted is the run up of the stock market. Trump claims there is no better evidence that his economic policies are working and that this is in contrast with the "failed" Obama record. During the first year of the Trump presidency the run-up in the Standard & Poor's average was a noteworthy 19.4%. But, though he never fails to reject the idea that he inherited a heating-up economy from Obama, the market did even better during Obama's first year--rising on the S&P an astonishing 23.5%.
In regard to jobs created Trump's numbers were lower in 2017 than in any of the first six years of Obama's presidency. And the unemployment rate declined faster under Obama than during Trump's first year in office.
The budget deficit last year was $666 billion, whereas it was a declining $585 a year earlier under Obama. And the national debt, a favorite target of conservatives, is now accruing at a more rapid rate than during the years of the Obama administration.
Then the trade deficit, an important indicator of economic health, was worse last year than in any of Obama's eight years.
There are things to criticize when it comes to the Obama record about the economy (for example the unrelenting growth in the gap between the wealthy and middle class), but things with Trump in regard to the economy, acknowledging its early achievements, are for the most part not as noteworthy as during the Obama years.
One thing is certain, President Obama's record, which, in spite of Trump's obsessive assault on it, continues to endure while we may soon see the dismantling of the Trump presidency itself. And over time we will also see how history regards each of them. The outline of that, regardless of the Trump posturing, is already clear.
Labels: Barack Obama, Birthers, Deficit, Donald Trump, Economic Policy, Forbes Magazine, Job Creation, Joe Scarborough, National Debt, Racism, Standard & Poor's, Trade Deficit, Unemployment Rate, Washington Post
posted by Steven Zwerling at
4:23 AM
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