The bias and deception are so obvious is it any wonder the once great publishing news pillar that was the New York Times has fallen so low? This is the same New York Times that once laid out how bad the economy was in the final year of Mr. Obama’s presidency that is now attempting to link President’s Trump’s remarkable economic success to…Obama. Check it out:
Economic Boom: Media Rewrite History To Credit Obama Instead Of Trump
Growth: The stronger the economy gets under President Trump, the more desperate his critics are to hand credit over to Obama. Even if that entails changing the past.
A recent New York Times story says it all: “An Economic Upturn Begun Under Obama Is Now Trump’s To Tout.”
The article begins by admitting that “by nearly every standard measure, the American economy is doing well,” then spends the next 1,400 words arguing that the current good times have nothing to do with Trump’s economic agenda.
The economy, reporter Patricia Cohen declares, “is following the upward trajectory begun under President Barack Obama.”
We seem to recall that the economy was stagnating in 2016 after the weakest recovery from a recession since the Great Depression.
In fact, The New York Times itself described Obama’s economy this way in August 2016: “For three quarters in a row, the growth rate of the economy has hovered around a mere 1%. In the last quarter of 2015 and the first quarter of 2016, the economy expanded at feeble annual rates of 0.9% and 0.8%, respectively. The initial reading for the second quarter of this year, released on Friday, was a disappointing 1.2%.”
…The next month, CBS News reported that “with U.S. economic growth stuck in low gear for several years, it’s leading many economists to worry that the country has entered a prolonged period where any expansion will be weaker than it has been in the past.”
In short, there was no upward trajectory to the economy on anyone’s radar when Trump took office.
Now that the economy is outperforming everyone’s expectations, Trump’s critics want to pretend that the current boom was already baked in the cake.
We are the first to admit that the impact of federal policies take time to show up in the economy. But the fact is that optimism surged across the board as soon as pro-growth Trump won the election over stay-the-stagnant-course Hillary Clinton.
Now, after Trump’s deregulation and tax cuts are starting to take effect, we’re seeing still more signs of stronger growth.
Polls show that the public gives Trump credit for what’s going on today. They, not the mainstream press, have it right.