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#ThanksObama: Trump knows Obama is responsible for rosy economy but plans on taking credit anyway

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Former President Barack Obama and President Donald Trump (Composite / Rawstory)

President Donald Trump is building his 2018 messaging around the thriving economy, even though economists say the current economic trends are the result of President Barack Obama’s policies.

In fact, one economist told Politico, Republicans are pulling off an economic scam that would have them screaming about “the end of the world” if Democrats tried the same.

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Politico’s Ben White and Nancy Cook spoke to three high-ranking White House officials who confirmed that Trump plans on attempting to boost his dismal poll numbers by touting the success of the U.S. stock market and falling unemployment.

While this may be a canny political move, it’s built on a falsehood, said Ian Shepherdson, chief economist at Pantheon Macroeconomics — a nonpartisan firm dedicated to providing unbiased economic analysis.

“If it were me, I would certainly claim the credit,” said Shepherdson — who was rated by The Wall Street Journal in 2014 as the world’s most accurate economic forecaster. “But looking at it coldly and rationally, there is very little the administration can say at this point is really down to them in terms of the economy.”

And while Republican tax cuts may spur some growth in the short term, Shepherdson explained, that growth will inevitably be hobbled as rising deficits drive interest rates upward and slow down private investment.

“You are essentially paying for this growth with over $1 trillion of borrowed money,” said Shepherdson. “Had the other guys done this, you’d have claims that they were going to bring on the end of the world by tea time.”

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Meanwhile, the U.S. economy continues to grow in much the same manner as it did under former President Barack Obama. In the first 11 months of the Obama administration, the Standard and Poor’s 500 rose 37 percent. Under Trump, the same index rose 24 percent. In all, the economic gains posted this year are equal to or slightly below the same indicators, which economists say are evidence that Obama’s policies are continuing to work.

“Despite the underlying similarities to Obama, the White House plans to brand the economy as Trump’s doing in 2018 and sell a message that the nation is actually performing much better now, even before any impact from the tax cut bill,” said Politico. “A key piece of the Trump argument will be that economic prospects are even stronger now after a wave of deregulation across federal agencies in 2017.”


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Armed ‘sovereign citizen extremist’ arrested at Boston train station: report

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Authorities in Boston arrested an armed extremist at a train station on Thanksgiving.

"A Boston man was arrested last night and charged with illegally carrying a loaded pistol. The defendant, who allegedly purchased a firearm and body armor, and material that could be used to assemble explosives, adheres to the anti-government/anti-authority sovereign citizen extremist ideology," the Department of Justice announced Friday. "Pepo Herd El a/k/a Pepo Wamchawi Herd (El), 47, of Dorchester, was charged by criminal complaint with one count of being a felon in possession of a firearm and ammunition."

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Texas Republican hasn’t even been sworn in yet and already a GOP congressman is publicly dunking on him

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There was some drama on Twitter on Friday when a four-term Republican congressman dunked on a Texas Republican who won a seat in Congress but has yet to be sworn in.

It started when Rep. Tulsi Gabbard (D-HI) urged President Donald Trump to pardon Edward Snowden and Julian Assange.

Rep.-elect Tony Gonzales (R-TX) called out Gabbard for being "full of more than just turkey."

Snowden and Assange are Russian agents who pose a direct threat to US National interests. Clearly @TulsiGabbard is full of more than just turkey. https://t.co/RI4XgdZRUy

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2020 Election

Biden’s lead in Milwaukee increases after Trump blew millions on Wisconsin recount: report

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President-elect Joe Biden's lead over Donald Trump in Wisconsin extended on Friday as Milwaukee finished their recount.

The Trump campaign had to pay $3 million for the recount in Wisconsin.

"Milwaukee County concludes its recount of the presidential election -- one of two counties where Trump sought a recount in Wisconsin. The results: Biden's lead, currently at about 20,000 statewide, grew by 132 votes," Rosalind Helderman of The Washington Post reported Friday.

Edward-Isaac Dovere of The Atlantic did a quick, back-of-the-envelope economic analysis.

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