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Rick Santorum: Obama ‘strangled the economy’ with 7 years of economic growth

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Republican strategist Rick Santorum asserted on Wednesday that former President Barack Obama had “strangled the economy,” which grew seven of the eight years he was in office.

During an interview on CNN’s New Day, Santorum sympathized with President Donald Trump’s frustration at the Federal Reserve for raising interest rates.

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“I know it’s frustrating to him to see the Fed prop up the Obama economy for eight years at zero interest rates as Obama’s tax and regulatory policies strangled the American economy,” Santorum complained. “And as soon as Trump comes in and un-strangles the economy, well the Fed comes in and tries to tighten it.”

“It looks like under Obama, the Fed was all for propping up this big socialist gambit that Obama was pushing,” the former GOP senator continued. “And now that we have a strong market-based president, it seems like the Fed is doing everything they can to constrain growth.”

Of the eight years of Obama’s presidency, only his first saw negative economic growth due to the Great Recession. The economy grew for seven years under Obama.

Watch the video below from CNN.

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Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



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2020 Election

Ex-Trump official bashes White House ‘apologists’ who haven’t quit yet: ‘There’s not much hope for them’

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A report on the silence coming from first daughter Ivanka Trump and her White House advisor husband Jared Kushner after Donald Trump attacked American Jews turned to the future of White House aides who are either complicit in the president's policies or stand idly by as he lurches from controversy to controversy.

In an interview with CNN's Brianna Keilar, former Trump adviser J.W. Verret pointed out there are still some "adults in the room" with Trump, but CNN's Kaitlan Collins first pointed out that -- as of late -- Ivanka and Kushner are not among them.

"This fits a pattern that we've seen from Jared Kushner and Ivanka Trump at times during times when the administration tried to repeal parts of Obamacare, and of course, the big one the president has made about Jewish people who are supporting Democrats," Collins explained. "Jared Kushner and Ivanka Trump are both Orthodox Jews. They've been involved with the president on many things. but neither of them have said anything publicly about the president's comments. and when we asked the white house have they been advising the president privately on this, the White House did not get back to us."

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‘Hypocritical’ Republicans busted for disappearing now that Trump has exploded the deficit

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In a "Reality Check" segment on CNN on Thursday morning, contributor John Avlon called out GOP fiscal hawks who have suddenly disappeared from the public square now that a Republican president has exploded the national debt.

Introduced by host John Berman, who asked, "This morning new numbers from the Congressional Budget Office (CBO) confirm it: The national debt and deficit are much worse than thought. So where is the party of fiscal responsibility in times like these?" Avlon broke it down.

"While President Trump was busy proclaiming himself 'the chosen one,' you might have missed more bad news in the form of data," Avlon smirked. "Brand new CBO numbers shows the budget deficit is skyrocketing, projected to rise 25 percent over last year and heading to over $1 trillion next year. Tax revenues are $430 billion below where they were expected to be before the Trump tax cuts while spending in is in drunken sailor territory adding $1.7 trillion in the next decade."

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‘Something wrong’ with Trump’s mental health — and he needs an ‘intervention’: Dem lawmaker

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Rep. Ted Deutch (D-FL) told CNN's John Berman that President Donald Trump's mental health should be a cause of deep concern for all Americans.

In particular, Deutch pointed to Trump's string of strange statements on Wednesday, in which he favorably quoted someone who called him "The Second Coming of God" and then flat-out referred to himself as "The Chosen One."

"If you or I had an uncle who went on social media and started making claims or tweeting claims about being the 'King of Israel' and the 'Second Coming; and then went out into public and talked about being the 'Chosen One,' you know what we would do?" he asked rhetorically. "We would gather our family members and figure out how to have an intervention because there's something clearly wrong there."

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