ECONOMIC POLICY
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Obama still doesn’t get it – optimism, not whining, grows an economy
By Liz Peek | Fox News
Who deserves credit for the economy: Obama or Trump?
The 'Cavuto on Business' panel weighs in.
Poor President Obama. He doesn’t think he’s getting enough credit for today’s booming economy.
Speaking at a conference of mayors in Chicago recently, Mr. Obama said, “We saw the longest streak of job creation in American history by far — a streak that still continues, by the way.” After a dramatic pause, he added: “Thanks, Obama.”
Obama has always been excellent at making speeches. But delivering robust growth? Not so much. Certainly not the kind of 3 percent-plus growth the U.S. is enjoying today, which has forced unemployment to a 17-year low. Instead, we saw an extended period of tepid gains that did little to boost the spirits (or wages) of discouraged Americans.
President Obama will never understand what happened on Election Day, and why the country’s mood brightened.
READ MORE: http://www.foxnews.com/opinion/2017/12/10/obama-still-doesn-t-get-it-optimism-not-whining-grows-economy.html
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What Obama never understood is that there is a close and important correlation between optimism and growth. Optimistic consumers spend money. Optimistic investors buy stocks. Most important, business leaders who view the future positively will invest in growth.
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Make no mistake: Trump needs to deliver on his campaign promises. It looks like the tax bill will pass, and that’s an important achievement. But we also need the infrastructure program he promised, as well as beefed-up job training, better public education, more favorable trade treaties, and we need to take a whack at out-of-control entitlements like Medicaid. And we need job gains to boost wages, which they inevitably will.
Obama left a long to-do list. He also left an economy that had disappointed millions of middle class Americans, who rewarded him by electing President Trump.
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What do YOU think?
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