Editor,
As usual, Gordon Weil bases his weekly opinion column on an assertion that grossly distorts reality: “The historic Obama–Trump recovery.”
Obama?
Which one of Obama’s pronouncements or economic policies was responsible for starting the recovery? Here are a few candidates:
• “1% growth is the new normal”
• “you didn’t build that”
• The “Affordable” Care Act – the largest tax increase on the middle class in history
• Paris Climate Agreement” and TPP deals (which Congress never approved)
• “War on Coal” and “We can’t just drill our way out of the (oil) problem”
• The countless regulations and rules which stifled business growth during 2009-2016
Obama sharing credit for the current economic recovery? Wasn’t he the lame duck president who scoffed at Trump’s “magic wand” remedies?
The remainder of Mr. Weil’s column urges the Fed to resist President Trump’s economic growth policies. God forbid that America’s economy would continue to benefit! We can’t allow Trump’s policies to (continue to) succeed!
Like most pundits suffering from TDS (Trump Derangement Syndrome), Mr. Weil is rooting for an economic downtown to befall America prior to the 2020 election. After all, what’s bad for America is good for The Left.
Rufus T. Firefly
Biddeford
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