The Donald giveth, the Barry taketh away — made simple

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Real world vs the world of theory.

I’m sure we all remember the still smoldering dumpster fire better known as the Obama Economy.

All on his own, Obama doubled the national debt more than every president from George Washington to George Bush (an historic first); an anemic GDP that never gained more than three percent (another historic first); unemployment for young black men hovering at fifty percent (yet another historic first), it’s a safe bet that Comrade Barry was in the deep-end of the pool when he should have kept his narrow ass in the shallows.

While the American Recovery and Reinvestment Act (aka: “The Obama Stimulus Package”) was suppose to repair infrastructure across the nation, the only thing Obama succeeded in doing was watching $1 trillion evaporate.

And who could forget who could forget such Obama economic miracles such as the fine folks at Solyndra who whistled all the way to the bank after scamming the American taxpayers out of half a billion dollars.

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But one thing I will give to Obama was a painfully slow up-hill battle that Wall Street managed to wage, in spite of Obama’s socialism.

On the day Obama won his first national election, Nov 4, 2008, the Dow Jones Industrial Average closed at 9,625. Fast forward eight years and change when Trump won in his bid for the Oval Office, the DJIA closed at 18,332.

OK… a total of 8,707 points for two terms. Not bad.

But wait. In the fourteen months since Trump was declared the winner of his race, Jan 17, 2018, the same DJIA has nearly doubled (26,115) in what it took an Obama-led economy over eight-years to pick-up.

In other words;

  • During the eight-YEARS of Obama, the Dow rose 8,707
  • During the 14-MONTHS of Trump, the Dow rose 7,783

Should I mention now that female unemployment is at a 17-year low? Or that black and Latino unemployment numbers are now at the lowest levels in the history of unemployment statistics?

No. I’ll let your (increased) paychecks speak for themselves.

CNCB: Tax break a conspiracy between Trump and Big Business

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Did you know that Trump’s Tax Cuts and Jobs Act of 2017 is just a scam to make the president look good in the eyes of voters?

At least that’s what CNBC’s David Faber and Jim Cramer have alluded to on in the air.

With almost no coverage by the Establishment Media, it was only Rush Limbaugh who caught who caught the provocative back-and-forth between Cramer and Faber in the mere hours following the final congressional vote.

FABER: It’s a good thing. Do you think there’s a coordinated effort, that there was some sort of conversation between some of these companies or some sort of coordinating body that said this is something that might be a good thing for you to consider doing? I don’t know. Just curious that — I don’t think anybody was anticipating it until we saw the announcement from AT&T, and then it was so quickly followed by Wells and Fifth Third, our parent company, but obviously there’s so many others that could be doing the same thing.

CRAMER: If it was coordinated then there should —

FABER: A lot more, right?

CRAMER: — have been a lot more than six companies.



Keep in mind, at the moment of the Faber-Cramer on-air comments, only six companies had announced they would pass on the benefits of the new legislation on to their employees. Since the CNBC airing, dozens of more companies are jumping on the tax cut bandwagon.

As reported by Fox Business News, to name just a few;

AT&T Inc. and Comcast Corp. said they would pay a $1,000 bonus to most of their U.S. workers, more than 300,000 people combined. The president signed the tax legislation on Friday.

Other banks have also announced pay increases since the tax bill passed Congress. Wells Fargo & Co. (WFC), PNC Financial Services Group Inc., BB&T Corp. and Fifth Third Bancorp said they would raise their minimum wage to $15 an hour. Bank of America already pays its employees that minimum wage. Some of those banks are also paying certain employees a one-time bonus similar to Bank of America’s.