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Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump builds his 2018 political message by rebranding Obama's economic legacy
After disputing economic gains under his predecessor, the president is seizing the same trends as his own.
By BEN WHITE and NANCY COOK 12/28/2017 05:03 AM EST
The White House hopes to boost President Donald Trumps low approval ratings by using the economy as a centerpiece of its political message in 2018, according to three White House officials, even if many of the presidents successes so far are squarely built on the legacy of former President Barack Obama.
The trends of declining unemployment, coupled with healthy gains in the stock market, began during Obamas first term, a welcome uptick following the global economic downturn Obama inherited in 2009.
The Trump administration has built on those gains, particularly in recent months. Business confidence has soared on the expectation of sweeping tax cuts as well as the administrations push to roll back regulations on everything from energy to housing to health care to labor rules. But hard economic data on growth, job creation and wages look very similar to the last several years under Obama. The pace of job growth actually slowed slightly to 174,000 per month in 2017 through November, compared with 187,000 per month in Obamas final year.
Even Trumps stock market performance is similar to or trails Obamas. In the first 11 months of Obamas presidency, the Standard & Poors 500 rose 37 percent. It rose 18 percent under Trump. The Dow rose 30 percent in Obamas first 11 months to Trumps 24 percent.
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https://www.politico.com/story/2017/12/28/trump-message-obama-economy-260858
dalton99a
(81,648 posts)Little Star
(17,055 posts)procon
(15,805 posts)He buys a company that's doing well and then slaps his name on their products. He shows up uninvited to a charity gala, takes credit for their success even though he did nothing. He buys up iconic old buildings, paints everything gold and bills it as a 5 star hotel.
GReedDiamond
(5,318 posts)...are his fuck-ups.