In what appears to be a common bias among the liberal-leaning news media, USA Today recently provided Sen. Bernie Sanders an open forum to publish his views about the booming economy under Pres. Donald J. Trump’s leadership. To say that “Crazy Bernie” isn’t happy would be an understatement.
It’s widely known that the senator from Vermont favors socialism to the very system that pays his salary. If that bit of capitalism seems like hypocrisy, consider his wife has been the focus of an FBI investigation for an alleged loan scam.
Apparently, the Sanders couple only hate other people who make money. And that’s the crux of the senator’s argument about why the Trump economy stinks, and why we should all go back to the Obama days or become like Cuba and Venezuela.
Fact-Checking Crazy Bernie
In his USA Today opinion piece, Sen. Sanders hits the Trump Administration with the usual Democrat talking points. He claims Obama laid the groundwork for the now-rising economy, record-low unemployment and ramped up stock markets.
“The good news is that over the last several years, long before Trump became president, the unemployment rate has been steadily going down,” Sanders writes. “Under President Barack Obama, the U.S. unemployment rate went down from 10 percent in October of 2009 to 4.8 percent when he left office. Now, it’s at 4 percent.”
What the distinguished socialist leaves out of his misleading argument is that when Obama took office in 2008, the unemployment rate stood at 4.9 in January and slipped back a notch to 4.8 in February.
But Obama’s zeal for harsh government regulations sent a chill across the business community. Confidence fell as he spouted off policies that would save the world by shuttering coal mines and taxing everyday Americans at a higher rate to fund pet projects. By the end of Obama’s first year, unemployment spiked to 7.2 percent and topped out at 10.2 percent in 2009. Unemployment didn’t return to the low 4.9 rate from when he took office until 2016, his final year in the White House.
After Pres. Trump ascended to the Oval Office, unemployment has plummeted to record lows, with African-Americans and Hispanic-Americans enjoying the lowest rates in history. Bernie Sanders doesn’t mention the fact that Pres. Trump ripped up Obama’s anti-business regulations.
Crazy Bernie Says: “The Economy Isn’t As Good As It Appears”
It’s hard to tell if Crazy Bernie is befuddled, or if he just thinks everyday Americans are plain old dumb.
Talking out one side of his mouth, he says the great economy is all due to the work by his fellow socialist Democrat Obama. But now it’s not great at all. Which is it Bernie?
The DOW Jones tends to be an excellent measure of economic growth. It’s objective, cannot be altered by partisan politics, and rises and falls in conjunction with economic policies and American wealth. It also flows with incoming and outgoing White House policies.
When Obama won the White House in November 2008, the DOW Jones stood at around 13,000. By March of 2009, it fell off a cliff and dropped to a low of 7,222. The housing crisis, coupled with anti-business policies from the Obama Administration caused an almost unprecedented purging of American wealth.
What’s even more frightening is that before Obama won the election, the DOW stood at its highest point in recorded history. Pres. George W. Bush had helped rebuild it even after the 9-11 attacks and protracted War on Terror.
When Obama saw the Trump Campaign win in 2016, the DOW had gained a meager 5,000 points in 8 years. It’s gained more than that in less than two years under Pres. Trump. What has Bernie Sanders to say about all this?
“Meanwhile, the median household in America has less wealth than it did 35 years ago after adjusting for inflation, and the average wealth of those in the bottom 40 percent is virtually zero,” he writes. “The wealth gap between white Americans and African-Americans has more than tripled over the past 50 years. Shockingly, the median white family has almost 10 times as much wealth as the median black family today.”
Bernie Sanders position is a common liberal one. If given the choice between every American having $100 in their pockets or half having $200 and the other half having $300, Sanders and his fellow socialists choose $100. Keep in mind, he and his wife already have the $300.
Decrying the tax reform that made American business competitive with other nations and spurred economic growth, Bernie would rather end prosperity. In his mind, hard-working Americans should have less and feel good about everyone struggling to provide for their families. Crazy Bernie won’t be happy until every American is dirt poor.
~ Conservative Zone