I know it’s an overused line, but I’m getting the distinct impression that Rep. Gwen Moore (D-WI) really is so stupid that she must be experiencing excruciating pain.
But first off, remember during the bad old days of the Obama economy? How a measly two percent growth was considered “the new normal”?
Hey, don’t take my word for it. The screamingly liberal CNBC noted that this particular phrase was all the rage during the Obama Years;
Donald Trump’s presidency has smacked down the “new normal” of 2 percent economic growth, top House tax writer Kevin Brady told CNBC on Wednesday.
“Turns out that ‘new normal’ of the very sluggish 2 percent growth as far as the eye could see for America was wrong and is wrong,” the House Ways and Means Committee chairman told “Squawk Box.” “Policies do matter.”
The “new normal” of slow economic growth, high unemployment, and government debt problems was a term coined by economist Mohamed El-Erian in 2009 following the 2008 financial crisis.
The idea of a “new normal” was popularized by Obama White House economist Larry Summers.
Please keep in mind that the difference between two and three percent GDP (Gross Domestic Product, the total value of US goods and services) is at least two trillions of dollars worth of proof of the power of the American workers. In his eight Quarters in office, the nation’s GDP under President Trump sits at 2.9 percent.
Says who? The US Department of Commerce, via CNBC.
Just keep in mind that the worst Quarter under President Trump (1.2 percent growth) was the First Quarter of 2017, and this result is the residual incompetence of Barack Obama.
With that bit of background information known, fast forward to present day.
But as Rep. Moore describes the most powerful economy on planet Earth, to include great employment numbers for her fellow black Americans, in fact, the lowest numbers of black unemployment in American history, her cavalier, flippant attitude is mere “blah, blah, blah” as well as “and so on and so forth.”
After her fellow legislator and member of the House Ways and Means committee, Rep. Darin LaHood (R-Il) made a point of citing many of the specifics of our robust economy, to include record low unemployment numbers for blacks and Latinos, here was Rep. Moore’s lackadaisical, give-a-damn response;
“My good friend and my good colleague Mr. LaHood waxed on about the health of the economy. It’s growing faster than ever.”
“GDP is great, unemployment is at an all-time low. African-Americans are doing well. Hispanics are doing well. Wages are rising at the fastest pace in ten years — blah, blah, blah.”
“Ninety percent of all taxpayers over all income categories received a tax cut under the tax cut and jobs act, and so on and so forth.”