By Wayne Allyn Root
I’m certain from the letters I get from liberal critics, every time that I report that President Trump has saved the US economy, they claim I’m lying.
And conversely, every time I report Obama ruined the US economy, they claim I’m lying.
Well the proof is out. Liberals, as usual, are wrong on everything. How many times can liberals be wrong and still maintain any credibility?
According to a new analysis by Pew Research, based on hard facts, the Obama years were a nightmare for all 50 states. Exactly what I’ve been saying.
And Trump’s economic policies have saved those same 50 states. Trump saved the union. Exactly what I’ve been saying.
I know facts scare liberals to death. But there is now proof that Obama’s policies were a disaster for the states. “Free” didn’t work out so well for Obama. Here are the facts from Pew Research.
First, Obama’s so-called recovery was the worst and weakest recovery in 70+ years. Second, Pew reports even after this so-called “recovery,” fewer than half the states had recouped the tax revenues they lost in the recession.
Even as late as 2015 and 2016 (Obama’s last two years in office) state budgets were still a mess. And Pew reports as Trump took office the U.S. economy showed signs of going back into a recession.
In other words, for our 50 states, there never was a recovery. The Obama years were a disaster of epic proportions. Worse, most states were in such terrible shape, they could not have survived another recession.
Then Trump rode in on his white horse to save the day. Fact.
Pew reports from the moment Trump took office, state economies started to dramatically improve. Then the economy skyrocketed in 2018, immediately following the Trump tax cuts. In the 3rd quarter of 2018, state tax revenues grew by 5.7%.
Trump’s policies produced an economic miracle for the states. In fiscal 2018, states added almost $10 billion to their rainy-day funds. Ironically, even California, the state suffering most from “Trump Derangement Syndrome,” prospered from Trump’s policies.
California Governor Gavin Newsom just announced a $21.5 billion surplus- far above projections. Why? Because corporate tax returns are so good. But didn’t President Trump dramatically cut corporate taxes? Didn’t liberals claim this would reduce tax revenue? Wrong again.
Californians suffered under Obama. Obama produced misery. People’s lives were ruined. Trump has made California rich. But Californians hate Trump. Los Angeles is renaming Rodeo Road as “Obama Blvd.” No wonder they call California the land of fruits and nuts.
Even the deep-blue land of Obama (aka Illinois) just reported tax revenues exceeding projections by $1.5 billion- thereby eliminating this year’s budget gap. How come Obama’s policies never did that? Maybe Chicago should be hosting the “Trump Library,” not the Obama one, named for a guy who bankrupted all 50 states.
Tax revenues in 41 states are now setting all-time records, according to Pew. Revenues are up 29% in California, 18% in NY, 17% in Connecticut. All of this in spite of liberals whining over Trump’s tax reform hurting high-tax states. Liberals were wrong, again.
The facts are in. Obama might have saved the teachers union and the government employees union. But thank God Trump saved the union (as in America).
Game, set, match. The debate is over.
Wayne Allyn Root is the host of “The Wayne Allyn Root Show” on Newsmax TV, nightly at 8 PM ET, found on DirecTV Ch #349, or Dish TV Ch #216, at http://www.newsmaxtv.com/Shows/The-Wayne-Allyn-Root-Show He is also a nationally syndicated radio host of “WAR Now: The Wayne Allyn Root Show” found at http://usaradio.com/wayne-allyn-root/