During Barack Obama’s last failing days in the White House, he politicked for Hillary Clinton by claiming now-Pres. Donald J. Trump couldn’t restore American economic greatness. Many recall Obama saying something about waving a magic wand around to create jobs. Well, abracadabra?
But these days Obama wants to take credit for the very policies he claimed were fantasies. After Democrats across the board panned every single Trump policy, voted no on tax cuts and brought lawsuits against the administration, now it’s supposedly Obama’s magic wand. But, not every former Obama crony is in lock-step with the left’s revision of history.
So overwhelming have the economic results been that Obama’s former Trade Representative now backs Pres. Trump’s agenda.
“Many of the trade issues on which U.S. President Donald Trump is now focusing have been concerns for numerous White House administrations,” Obama-era U.S. Trade Representative Michael Froman reportedly said. “‘Different administrations have had different approaches – I was part of another administration that had a somewhat different approach – but certainly some of the underlying concerns about subsidies, about [intellectual property] theft, about forced technology transfer, those are longstanding issues that a number of administrations have been concerned about.”
Froman served as U.S. Trade Rep from 2013-2017, and was recently selected to the Disney corporate board. The former Obama insider has also gone on the record indicating that Pres. Trump’s approach to reining in unfair trade comes from a position of experience and strength.
“He certainly has a very distinct approach to trade, and it’s something that he’s had a longstanding view on, long before he ran for president,” Froman reportedly said. “I think the rest of the world is paying attention to that.”
The former Obama crony’s remarks are likely to startle Democrats who are running into the mid-term elections desperately trying to claim the record-setting measures on unemployment, job creation, and rising wages are somehow a residual effect from the Obama years. But the numbers paint a radically different picture.
Few recall the ex-president’s first-term campaign pledge to renegotiate NAFTA. That’s because he never fulfilled his promised to address the unfair trade practices that helped siphon away American businesses and jobs.
It was an easy pledge to make while running against Hillary, whose husband implemented the destructive NAFTA agreement in the first place. But rather than keep his promise, the former president’s economy suffered 10-percent unemployment due to his job-killing environmental agenda.
Like Pres. Trump, Obama recognized the dangerous economic manipulations being pressed by China. He also reportedly waded into the issue, called a G20 Summit and pledged to double U.S. exports.
But preying on the economic novice, China ramped up exports and enjoyed a staggering 12-percent GDP growth above the U.S. By 2015, China’s factories put out more goods than the U.S., EU, and Japan combined. Under Obama, China moved ahead of the American economy for the first time.
The frightening reality is this occurred while Obama was trying to gain a competitive advantage. To call Obama’s economic policies a “failure” would be an understatement. They were a defeat from which no honor could be salvaged.
Still, Democrats kicking around the D.C. swamp are willing to pretend the booming Trump economy is nothing more than an extension of Obama’s eight years.
In July, Pres. Trump took a well-earned victory lap by announcing the U.S. GDP had hit 4.1-percent growth. Democrats, including Obama, said this could not be achieved.
“Once again, we are the economic envy of the entire world,” Pres. Trump reportedly said from the White House’s South Lawn. “As the trade deals come in, one by one, we’re going to go a lot higher than these numbers.”
But the left was quick to jump in and try and take credit.
“Yup, our economy is the envy of the world because Barack Obama steered us out of the Great Recession and set up structures and policies that reduced unemployment and raised GDP,” former Obama Undersecretary Richard Stengel reportedly tweeted in response. He previously worked as managing editor of the anti-Trump “Time Magazine.”
Despite political hacks like Stengel willing to say anything to stay in favor with the Democratic Party, former Obama officials continue to break ranks and support the MAGA agenda.
~ Conservative Zone