08/13/2017

Obama Says America Owes Him And I AGREE! [Watch]

Miranda Dawson, The Black Sphere

He’s right.

Obama was horrible as president. Without him, we wouldn’t have Donald Trump.

And imagine an America with Hillary Clinton! The horror. We wouldn’t have Gorsuch on the Supreme Court for starters.

As for Obama, he certainly has a different view of his presidency; a distorted view.

He said America is more respected around the world, stronger after his presence. Only a jellyfish would believe that nonsense. But such is the delusion of Obama.

Obama actually prided himself that there’s been no terror attacks on U.S soil since he took office. Only a full-fledged nincompoop would believe that lie. The Boston Marathon, San Bernardino, Pulse nightclub, to name a few. Apparently Obama doesn’t consider Muslim mass murders as terror.

Obama said he improved the economy.

However, here are a few facts reflecting the suffering economy under Obama:

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In Search Of History

The Reagan Tax Cuts Worked

Thanks to "bracket creep," the inflation of the 1970s pushed millions of taxpayers into higher tax brackets even though their inflation-adjusted incomes were not rising. To help offset this tax increase and also to improve incentives to work, save, and invest, President Reagan proposed sweeping tax rate reductions during the 1980s. What happened? Total tax revenues climbed by 99.4 percent during the 1980s, and the results are even more impressive when looking at what happened to personal income tax revenues. Once the economy received an unambiguous tax cut in January 1983, income tax revenues climbed dramatically, increasing by more than 54 percent by 1989 (28 percent after adjusting for inflation).

 

-- Daniel J. Mitchell,

Shadow Stats Snapshot


FreeMarket Central

ShadowStats alternate economic indicators are based on the methodology of noted economist John Williams, specialist in government economic reporting.

  • Unemployment:
    FreeMarket Central BLS: 3.93%
    FreeMarket Central Shadow Stats: 21.5%
  • Inflation:
    FreeMarket Central April Year-to-Year: 2.46% (CPI-U*)
    FreeMarket Central Shadow Stats: 9.9%

*[cpi-u is the Bureau of Labor Statistics inflation rate for all urban consumers]

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