The Boom: "Not only are wages accelerating...but people are trading up to better jobs..." @LizPeek @FNC

Sep 12, 03:21 AM

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The Boom: "Not only are wages accelerating...but people are trading up to better jobs..."  @LizPeek @FNC

Liz Peek: Angry Obama still doesn't get it as he hits the Campaign Trail

Liz Peek, Fox News, September 10, 2018

President Obama is mighty confused.

In a fiery campaign speech at the University of Illinois, the former president suggested that Donald Trump was elected in 2016 by the “powerful and the privileged.” He also railed at voters for failing to show up, and for permitting such a damaging “threat to our democracy.”  

But here’s the truth: it wasn’t the powerful elites that voted for Donald Trump in Michigan and Ohio. It was blue collar workers who felt they had been overlooked by Obama and by Democrats. Who were offended by the headlong rush into identity politics, and by policies that protected everything but their jobs and their livelihoods.

It was voters in Ohio and Pennsylvania, who had seen local industries move overseas, and it was voters in Michigan, who were aggrieved that Hillary Clinton took their votes for granted.

The election in 2016 was not unique. Americans also rebuked the president in 2010, when Democrats lost 63 seats in the House – one of the worst pummelings in modern times -- and again in 2012, when Republicans took over the Senate. Voters also pushed back by electing an unprecedented number of GOP candidates in state legislatures and governors’ mansions while Obama occupied the White House.

Were those elections the work of lobbyists and other nefarious interests? No, those elections were a wake-up call that Obama and his party failed to heed. They were so busy slicing and dicing the population into groups that could be won over by targeted policies, they forgot to worry about the country overall.

President Obama is angry that President Trump is getting credit for the booming economy; he figures he got the ball rolling. He is correct that his administration managed to stave off a depression but for years, even as voters listed jobs and the economy as their number one concerns, Obama’s focus was elsewhere.

Nothing better highlights his misguided ambitions and priorities than the Paris Climate accord. Obama embraced that toothless celebration of global cooperation even though it would hobble the U.S. economy and its powerhouse energy industries while enabling the continued expansion of China, by far the world’s biggest carbon emitter.

Similarly, Obama’s enthusiasm for the Trans Pacific Partnership, a trade agreement judged by the World Bank as not beneficial to the U.S., reflected his appetite for legacy and indifference to putting America first, as President Trump might say.

Under President Trump, the economic expansion, already long in the tooth, has accelerated. There is no denying that his election ushered in an immediate surge in business optimism, which has kicked off a steady rise in capital investment, key to productivity and wage gains.