But any suggestion that he turned around a failing Obama economy is fallacy.
Your charts really don't back it up, but Obama's ECONOMY wasn't failing. It was FLAT. What success the economy had under Obama, meager as it was, occurred despite Obama.
First, your charts are
not a reflection of the principles that drive the economy. The charts provided by CEA Chairman Kevin Hassert reflected the factors that drive the economy -- business investment, business optimism, business inventory, business expansion, etc. All of those trends were spiking downward leading up to the election, and all spiked north at the time of the election. They're all in the video, and the charts provide dramatic evidence of business optimism after Trump's election.
BUSINESS DRIVES the ECONOMY. The economy doesn't drive business. Business drives hiring. Business drives GDP. Business drives the stock market. And all of those things, as Hassert explained, are driven by forward-looking optimism (which wasn't there prior to the election). And what drives business? More freedom, less regulation, more profit to keep (including individual tax breaks), more investment in the markets, more capital to invest and hire and build. Obama provided none of that. His policies were stifling.
Second, only one of your charts contains a viable source -- Dept of Labor regarding unemployment rate. The second to last chart about GDP (I guess) has no source and doesn't say much of anything. I'd say it's a chart. That's about it. You've complained about my sources in the past -- mostly sources that you imagined that I used -- but these charts are pretty incoherent outside of one of them.
As for GDP, you can throw up all the charts you wish, the FACT remains that Obama is the only president never to achieve annual GDP of 2%. Obama had more Americans on welfare than any president in history. There were more Americans out of the workforce than any president in history. He also owns the weakest recession recovery in history. Obama is also the dude who said that 2% was the new norm for annual GDP. Obama said there would be no higher annual GDP than that -- and he was correct -- because all of the regulations and taxation and departmental policies he was creating was causing it to happen. Obama also said coal was dead and would be buried next to manufacturing. Those two sectors have been unleashed again. US energy exports are screaming higher.
Trump followed some of Reagan's policies, and he did the opposite of Obama's stifling punishment of business and success.
As Larry Kudlow likes to say:
"The war against business is over. The war against success is over. The war against energy is over. We have now freed up the animal spirits; you can see that by the confidence indexes. We’re rolling. The U.S. economy is rolling."
I agree with Larry.
