I keep seeing letters to the editor proclaiming Trumps’ great accomplishments. What planet are you on? Its time everyone left the Fox Planet and rejoined the world of facts. This is not the Trump economy. Have you forgotten that a black man saved our country from the greatest recession this country had ever experienced? Since 2009, our economy has enjoyed continued growth every year, except for a momentary blip when the Republicans shut down the government. I travel though about 16 state at least three times a year. The $1 billion plus given to almost every state for shovel-ready projects has been going on for the past seven years, and the last time I traveled though the states, construction is at a fever pitch. It would seem that this work is about to end. What then? The Democrats just gave Trump the opportunity to enhance his legacy by a $2 trillion infrastructure bill, which he walked away from in a huff.

So what is his actual legacy? He has managed to stack the Federal bench and the Supreme Court with very conservative judges who passed Trump’s test of wanting to end Roe v. Wade. We all know this is only the first step in trying to control a women’s right to make her own decisions. Next will be any and all birth control methods. The only other accomplishment is his

$2.5 trillion tax revenue giveaway to his wealthy friends, which they did not ask for and certainly did not need, leaving the country in debt to the tune of $24 trillion.

And the verdict is in. According to the Congressional Research Service, which analyzed the effects of Trumps tax cuts, they did not increase growth nor did they help wages. Businesses did not invest in helping the middle class instead they helped themselves with stock buy-backs and CEO bonuses. The tax benefit to the average tax payer was $28. So there you have it. Those are his only accomplishments to our country. This was the Obama recovery which is still in progress.

The worry is, according to most economists, that Trump will destroy Obama’s recovery. His terrible decisions regarding tariffs and trade policy around the world puts our economy at great risk. The next president, whether a Republican or Democrat, will inherit the actual Trump economy. Will the next president be able to repair the damage?

Roger Cullen

Old Homosassa

Unlimited digital access offer

To continue with unlimited access to Chronicle Online after this limited time trial click the button below. Offer expires September 30, 2019.

(19) comments

MikeBond

TOMP That was the best short explanation I've ever read. Bravo!

PAULSTEFFENHAGEN

[thumbup]

PAULSTEFFENHAGEN

Obama did the right thing with the bailouts and continuing with the auto bailout that President Bush started. President Obama did make mistakes. He was told by his economic advisers that higher taxes on businesses would not matter but he believed his regulatory assaults on business had more benefits than costs. There was 8 years of 2% growth and slow wage gains that laid the path for Mr. Trump in 2016. That being said Washington is now taking an anti-growth turn. Mr. Trumps first two years was focused relentlessly on ending the economic malaise of the Obama years. Of course the stock market and corporations flourished as they knew with Trump being president he would dismantle and destroy protections and regulations that would allow them to flourish. Now Trump and his Republican followers think they can impose tariffs willy -nilly with little damage. U.S. tariffs have a negative impact on growth around the world, which in turn hurts U.S. exports. That is part of the explanation for the recent decline in U.S. manufacturing, as slower growth abroad means declining demand for American goods. The Institute for Supply Management's manufacturing index fell to 52.1% in May, the lowest since 2016. A majority of business-earnings calls mention trade as a major concern.The conceit of nearly all politicians is that they can get away with bad economic policies without paying too high a price. Bad policies operate at the margin and their effect is cumulative. I am retired with savings, and mutual fund investments. The growth I experienced during The Obama years was slow but steady. During Trumps reign I watched funds shoot up only to fall right back down where they were before. A diversified portfolio keeps things pretty much looking up but bottom line is Trump hasn't added anything to my pocket that wasn't already there before. People need to stop looking to one man to make everything right. The left nor the right can do it alone, maybe together but not separate.

CitrusCo Citizen

I've experienced the same as you, Paul. Nothing has changed since Obama left office. I liked my doctor and I kept him. My investments have been slowly and steadily increasing since 2008. My taxes were exactly the same with Obama and Trump--nothing changed. I and my family members had good employment during the Obama years and we all have good employment now. But what has changed in the past two years what l am hearing from people in other countries in Europe and Asia during my travels. People of many different countries have asked about the new atmosphere of disrespect, racisim, and hateful language and actions, spewing out of the USA. I can only shake my head, smile and make my apologies and escape. Where I was once proud to be an American traveling abroad, I now keep a very low profile and try to pass as a Canadian!

g8rbob

If you look at the facts, Obama turned the failed economy around and Trump just is benefiting from the momentum of that. The stock market actually did better under Obama than Trump. But Trump defenders tend to be blind and their beliefs don’t align with facts ( inauguration size, tax cuts which actually helped the rich, the Mexican wall etc).

GMEN

"Obama turned the failed economy around " What exactly did he do other than give away trillions of dollars to crony Wall Street bankers? What 'shovel ready' projects were implemented - name a couple if you can. Increasing the cost of health care by a factor of 10 so his Big Pharma donors could get richer? Imaginary DNC 'facts' maybe, but not reality.

CitrusCo Citizen

Trillions! You just reminded me that under Trump, the National Debt is now almost $23,000,000.000,000 (that's 23 trillion) U.S. dollars. It is rising exponentionally--Trump is making sure of that.

PAULSTEFFENHAGEN

[thumbup]

KimR

Roger, your tired, old anti-President Trump rantings are getting old. Remember O'bama saying that Trump would need a magic wand to increase GDP. Guess what it happened. Remember when Obama stated get used to 1% being the new GDP. Guess what it isn't the norm. O'bama did nothing but hamstring the economy and disgrace the United States to other nations.

MikeBond

Are you sure you're not confusing anatomy with economics? How exactly did Obama “hamstring the economy and disgrace the United States to other nations�

CitrusCo Citizen

Wrong. Once Trump's financial scams are revealed via his hidden tax returns, he's outta here and will be locked up sooner or later. The sooner the better--then there is a slight chance that there's still time to stop the toxic pollution of the planet and stablize global warming caused by his corrupt homeboyz, the fossil fuel fat cats. Trump will be brought down just like the the Mafia, through income tax fraud. Not old and not tired--just strong and growing stronger, unrelenting, unforgiving, and driven by the urgency to make sure our grandchildren will have any quality of life in 2030. Obama has the intelligence, class, grace, manners, diplomacy, and compassion that Trump could never even begin to develop. Trump's never gonna change, he's a calcified 73 and getting worse with age. Please, Donald, just keep stuffing those cheeseburgers into that big mouth of yours.

PAULSTEFFENHAGEN

[thumbup]

GMEN

'Obama's Recovery'? Please. The Democrat propagandists take credit for everything from the sun rising to a baby's laughter and want to blame some imaginary Republican cabal for anything else - rain (it's too wet!0 no rain (its too dry), too many jobs (it'll fuel inflation!) to too few jobs (oh, my, high unemployment!). It would be refreshing to read something from Mr Cullen or some of the 3 or 4 other Citrus lefty-propagandists that were their original thoughts, and not just a regurgitation of the same old DNC press releases. The economy was already on the way back up when Obama was sworn in - do you give credit to Bush? Obama accomplished little other than to be the center of a liberal lovefest beginning with the most non-deserved Nobel prize in history and ending with encouraging the corruption of the Justice Dept and Intelligence Agencies to not only spy on opposition candidates, but to use them to try to stage a coup d'etat against a legitimately elected government. Now he (and Michelle) are being channeled million$ (not unlike Hillary's 'speaking fees') to put on some ridiculous weekly Netflix propaganda show for 2020. Is there a Democrat who can actually think for themselves? Apparently not.

Ssabmud

Gmen, I think you are totally wrong and totally full of it. How's that for thinking ? I can no longer debate your inaneness. Debating you makes me feel like I am wasting my precious time on a useless cause.

CitrusCo Citizen

Agree. Gman's suffering from the same mental condition as Trump and so it's a waste of time--like arguing with a member of the Flat Earth Society. Oh well . . .

MikeBond

“The economy was already on the way back up when Obama was sworn inâ€. That statement alone could pass for propaganda.

GMEN

The Dow closed at 7555 on Nov 20, 2008, and started an almost continuous increase at the same rate until 2016, when the rate of increase dramatically increased. When your entire knowledge of economics and politics comes from Sesame Street, I don't expect you can understand these things.

TOMP

President Obama inherited the Great Recession in 2008....According to the nonprofit National Bureau of Economic Research (the official arbiter of U.S. recessions), the recession in the U.S. began in December 2007 and ended in June 2009, thus extending over 19 months.[5] The Great Recession resulted in a scarcity of valuable assets in the market economy and the collapse of the financial sector (banks) in the world economy; some banks were bailed out by the U.S. federal government.[6][7] When he took office the S&P average was 905 on July 14, 2009...when he left office in 2016 the S&P was 2268 on Dec 27, 2016...a measly increase of only 250 percent. And that momentum continued until the Tariff Wars which cause a 20 percent decline in Dec, 2018...and the Tariff War will cause a roller coaster by tweet until we stop them.

MikeBond

The Dow is not the economy. And the rate that the Dow went up in 2016 did not correlate at all to an increase of profits from products made and sold, but only to taxes not paid. That's not economic growth.

Welcome to the discussion.

Keep it Clean. Please avoid obscene, vulgar, lewd, racist or sexually-oriented language.
PLEASE TURN OFF YOUR CAPS LOCK.
Don't Threaten. Threats of harming another person will not be tolerated.
Be Truthful. Don't knowingly lie about anyone or anything.
Be Nice. No racism, sexism or any sort of -ism that is degrading to another person.
Be Proactive. Use the 'Report' link on each comment to let us know of abusive posts.
Share with Us. We'd love to hear eyewitness accounts, the history behind an article.