Barack Hussein Obama doesn’t need me to defend him.
Aww, what the heck. I’ll do so anyway.
His successor as president of the United States told us Tuesday night once again that he inherited a “mess” when he took office a little more than a month ago.
Donald J. Trump’s assertion came during his speech to a joint session of Congress. He talked about 94 million Americans no longer looking for work and about how the economic recovery is the slowest in 60-plus years.
He blamed President Obama’s economic policies.
I’ll stipulate up front that the economic recovery isn’t as robust as most of us would like.
The economy isn’t a “mess,” as Trump said it is. You want a “mess”? Consider what Obama inherited when he took office in 2009: Employers were shucking jobs at 700,000 per month; the stock market plummeted, costing trillions of dollars in wealth; the auto industry was failing; banks were failing; the economy was heading straight into the crapper, man!
Eight years later, where do we stand? The Dow Jones Industrial Average virtually tripled in wealth; the jobless rate has been cut in half; we’ve had 80 consecutive months of job growth; the auto industry has been revived; bank closures have all but stopped.
Oh, the 94 million figure Trump cited about those who are no longer seeking employment? That number includes retirees and students. It’s a phony statistic.
The debt? Sure, it’s high. I wish it were less than it is, too. Why did we accrue such debt? Because the economic stimulus package Congress approved shortly after Obama took office required the infusion of public money to shore up an economy on the verge of total collapse.
I’ll add — for the umpteenth time — this point as well: The annual federal budget deficit has been cut by nearly two-thirds during the past eight years.
A mess, Mr. President? No, sir. You did not “inherit a mess.” Stop repeating that outright lie!