Reversing Obama policies has led to growth of the US economy

Andy Puzder:

How can you tell whether the economy is truly surging under President Trump? Just listen as the Democrats try to take at least some credit for the current economic boom.

For example, President Obama pleads with us to “remember who started” this economic boom. Former Obama administration economist Austin Goolsby attempts to credit both presidents, claiming that Obama handed Trump “some of the best economic conditions for a new president in a half century.”

Let’s be clear: The economy is booming because President Trump reversed President Obama’s economic policies – not because Trump furthered the Obama policies.

President Obama raised taxes on businesses and individuals. He expanded the federal government’s size and power through dramatic increases in the number and scope of federal regulations. He discouraged domestic energy production – for example, refusing to authorize the Keystone XL pipeline and openly attempting to bankrupt the coal industry.

The economy is now booming because President Trump took the opposite course. President Trump has dramatically cut both taxes and regulations – shrinking the government’s size and power – while aggressively encouraging domestic energy production.

It was Hillary Clinton – not Donald Trump – who committed to continue the Obama’s economic policies. Had Clinton become president, we would be experiencing the same anemic economic growth we experienced under the Obama administration.

President Obama’s post-recession gross domestic product (GDP) growth averaged an anemic 2.1 percent. In his last year in the White House, GDP grew at a pathetic 1.5 percent – hardly creating what Goolsby described as “some of the best economic conditions for a new president in a half century.”
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The unemployment rate in September stood at 3.7 percent, the lowest rate since 1969. Not coincidentally, for the week ending Oct. 15, initial claims for unemployment benefits were the lowest since 1973, when the U.S. population was 110 million people smaller. This is because the Trump economy’s job creation numbers are regularly beating expectations – averaging over 208,000 jobs per month so far this year.

Will hiring continue to increase, causing the number of workers forced onto the unemployment rolls to continue its decline? Yes, it will.

There are currently more job openings than people unemployed. Last March was the first time that had happened since the Bureau of Labor Statistics (BLS) began compiling the data. It has happened every month since.
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There is much more.

If Obama's policies were the cause of the boom, why didn't happen when he was President?  We are also finally seeing an increase in wages caused by the tight labor market.