Thursday, December 8, 2016
Don’t buy the lie that Obama’s leaving behind a healthy economy
At NYPOST by Seth Lipsky --
After eight years of blaming America’s problems on George W. Bush, the press that got the election wrong is rolling out a new line — that President Obama is handing President-elect Donald Trump a booming economy.
That takes some brass.
The jobless rate is down to 4.6 percent, and the growth rate is up above 2 percent or even 3 percent, with housing prices getting back to pre-recession levels. Stocks are soaring. So the idea seems to be that Obama has solved the problem in the nick of time.
“Obama’s gift to Trump” is the headline on CNN. “Trump inherits healthy economy” is the way the Financial Times is headlining the yarn. Politico reckons that Trump is being handed an “Obama boom.”