And, memo to Joe: The expression is “prime the pump,” not “pump the prime.”
Next, they will probably hail Obama for the landmark prison reform bill passed by the Senate yesterday.
Oh wait…let’s not.
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….
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.
Investor’s Business Daily:
[Under Obama] the economy was stagnating in 2016 after the weakest recovery from a recession since the Great Depression….