According to former President Barack Obama, our country’s economic success is due to environmental policies the Obama administration put into place, and he literally thanked himself for it.
“We saw the longest streak of job creation in American history by far,” Obama said during his speech at the North American Climate Summit in Chicago. “A streak that still continues by the way. ‘Thanks, Obama.’”
JUST NOW: “Thanks, Obama,” said Obama. pic.twitter.com/tmBkpdGIVN
— Steven Portnoy (@stevenportnoy) December 5, 2017
Obama, thanking himself, drew chuckles from the crowd. Liberals, Democrats and Obama himself, have adopted the “America has more jobs because of us” rhetoric to defend against conservative criticism.
However, the numbers don’t lie, and job creation under both the Clinton administration and the Reagan administration, was much larger than the so called “gains” made by the Obama administration.
As usual, Obama stated that his unattainable environmental policies are not “job killing” as President Donald Trump has suggested. Doing away with nonsensical Obama-era regulations as soon as Trump took office was a brilliant move, however.
“America’s trade deficit with the world swung out to $48.7 billion in October from $44.9 billion in September, which will take some steam out the recent trend of stronger economic growth,” said Chris Rupkey, the chief financial economist at the MUFG Union Bank, in a note to investors Tuesday.
Obama took the opportunity to attack President Trump, as he does every time he’s in front of a microphone, and said that the United States is in an “unusual” position, due to Trump not signing the Paris Agreement.
Here’s a recap of why our President chose to leave the Paris Agreement:
1. US compliance with the Paris accord could “cost America as much as 2.7 million lost jobs by 2025, according to the National Economic Research Associates.”
2. “Even if the Paris Agreement were implemented in full, with total compliance from all nations, it is estimated it would only produce a two-tenths of one degree — think of that, this much [holding fingers up] — Celsius reduction in global temperature by the year 2100,” Trump said. “Tiny, tiny amount.”
3. And finally, that remaining in the agreement would cost the US economy “close to $3 trillion in lost GDP and 6.5 million industrial jobs, while households would have $7,000 less income, and in many cases, much worse than that.”
Thank you, Mr. President.