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Found 1 result

  1. October 1, 2018 New York Times finally admits how Obama screwed up the economy in 2016 By Thomas Lifson Calling it "The Most Important Least-Noticed Economic Event of the Decade," the New York Times finally acknowledges the degree to which Barack Obama's policies were strangling business investment in his final year in office. During the presidential campaign, acknowledging this "mini recession that many missed" was taboo, of course. And among those "many" who "least-noticed" it was the New York Times. So why is the Times admitting it now? Why, of course, to denigrate the achievements of President Trump in rescuing the economy from the miasma Obama inflicted on it with taxes and regulatory policies. Neil Irwin writes: [In 2015 and 2016, t]here was a sharp slowdown in business investment, caused by an interrelated weakening in emerging markets, a drop in the price of oil and other commodities, and a run-up in the value of the dollar. Even though the Times and its readers were able to disregard the suffering in the oil patch, on farms, and in the Rust Belt manufacturing strongholds, candidate Trump actively campaigned with these constituencies and won the presidency on his promise to revive them from the suffering inflicted upon them. He knew; he acted; and after he won, he revived them. As Instapundit's Glenn Reynolds quips: Now, the Times acknowledges the reality and immediately turns to crediting Obama. I kid you not: Actually, in very different language, I acknowledged weeks ago that the wreckage left by Obama did help Trump look good in comparison: But far be it from the Times to recognize achievement on the part of Trump. No, the reporters over there have to wag their fingers and warn of danger! Here is a sign of the actual risk over which the Times frets, unveiled hours ago: Even more winning! China announces tariff cuts on 'wide range of products' Calling it "The Most Important Least-Noticed Economic Event of the Decade," the New York Times finally acknowledges the degree to which Barack Obama's policies were strangling business investment in his final year in office. During the presidential campaign, acknowledging this "mini recession that many missed" was taboo, of course. And among those "many" who "least-noticed" it was the New York Times. So why is the Times admitting it now? Why, of course, to denigrate the achievements of President Trump in rescuing the economy from the miasma Obama inflicted on it with taxes and regulatory policies. Neil Irwin writes: Even though the Times and its readers were able to disregard the suffering in the oil patch, on farms, and in the Rust Belt manufacturing strongholds, candidate Trump actively campaigned with these constituencies and won the presidency on his promise to revive them from the suffering inflicted upon them. He knew; he acted; and after he won, he revived them. As Instapundit's Glenn Reynolds quips: Now, the Times acknowledges the reality and immediately turns to crediting Obama. I kid you not: Actually, in very different language, I acknowledged weeks ago that the wreckage left by Obama did help Trump look good in comparison: But far be it from the Times to recognize achievement on the part of Trump. No, the reporters over there have to wag their fingers and warn of danger! Here is a sign of the actual risk over which the Times frets, unveiled hours ago: Even more winning! China announces tariff cuts on 'wide range of products' Read more: https://www.americanthinker.com/blog/2018/10/new_york_times_finally_admits_how_obama_screwed_up_the_economy_in_2016.html#ixzz5ShdAfNfV Follow us: @AmericanThinker on Twitter | AmericanThinker on Facebook
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