Former Vice President Joe Biden took full credit for the current U.S. economy, even claimed that President Trump is “squandering” their success.
As previously reported, the U.S. economy has been thriving since President Donald Trump took office. Women unemployment rates hit 49-year-lows also, Hispanic Americans, Black Americans, and veterans all seeing historically low rates.
Even though none of these accomplishments occurred during the administration of President Obama, Joe Biden still claimed that President Donald Trump “inherited” the economic success from the previous administration.
The former vice president went on to say that he thinks the President is “squandering” the successes of Obama’s administration.
“I know President Trump likes to take credit for the economy and the economic growth and the low unemployment numbers, but just look at the facts — not the alternative facts. President Trump inherited an economy from Obama-Biden administration that was given to him, just like he inherited everything else in his life. Just like everything else he’s been given in his life, he’s in the process of squandering that, as well.” Biden said.
Joe Biden may think that the Obama administration should be credited for our current economy, but many would argue that he is the one pushing “alternative facts.”
The Biden-Obama recovery following the 2008 recession was the slowest since World War II. Many economists have noted that former President Obama’s stimulus plan may have even slowed economic growth more than if he had just completely ignored the economy.
Even Obama himself claimed that the economic growth seen under President Donald Trump wasn’t possible. He claimed that 2% growth was the “new normal.” He mocked the notion that Donald Trump could get manufacturing jobs back to the U.S. He said the President would need a “magic wand” to make things like that happen.
Much to Joe Biden’s chagrin, President Trump seems to have found that “magic wand” because the U.S. economy has seen manufacturing jobs return, 4 percent job growth, and record low unemployment rates.