You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Economy
Remember when Obama made fun of Trump's 'magic wand' to fix the economy?
2019-05-05
[American Thinker] Three years ago, then-president Barack Hussein Obama (D) mocked the plans of his sure-not-to-be-successor, Donald J. Trump (R), for the country, comparing them to his oh, so successful eight-year "scandal free," high unemployment, high food stamp use, successful administration.
"He just says, 'I'm gonna negotiate a better deal.' Well how? How exactly are you going to negotiate that?" Obama said during the town hall portion of the event. "What magic wand do you have? And usually the answer is, he doesn't have an answer."

Well, that was then. And this is now.

To Obama's shock and dismay, Trump is president. For the past two and a half years, Trump has been waving his magic wand, banishing burdensome regulations; lowering taxes; appointing savvy people to top government posts; and yes, negotiating.

Friday's Drudge Report's banner headline sums up the pervasive success of Trump's magic negotiating wand, successfully sprinkling economic free-market magic dust equally on everyone.
Posted by:Besoeker

#9  @Procopius2k

Oh yes, but China is maximised for rent-seeking insiders, not the Chinese people. They may be better off, but they should be vastly better off.
Posted by: Bright Pebbles   2019-05-05 16:17  

#8  If the so-called best and brightest had to buy their way into places like Harvard then maybe they weren't the best and brightest after all.
Posted by: Abu Uluque   2019-05-05 14:50  

#7  I'd say that the "best and brightest" whether in gummint or the management class, has done the bulk of the damage. And as they are a mutual admiration society they reinforce the damage each of them does.
Posted by: M. Murcek   2019-05-05 12:45  

#6  BP, in order to have crony capitalism, you still need capitalism.
Posted by: Procopius2k   2019-05-05 12:27  

#5  China's policies of enriching their domestic industries while protecting them from foreign competition has done wonders for the Chinese people. They are better off every day than the day before. China's infrastructure is improving all the time. They have a high-speed rail network that is cheap, reliable, and great for business or leisure. New bridges and subways are going in everywhere.

OTOH America's "ruin our working class to create wealth in hostile countries who hate us" plan is going gangbusters. Trump is doing his best but you simply can't undo the huge damage that's been done since NAFTA was passed.
Posted by: Herb McCoy   2019-05-05 10:33  

#4  Bath House Barry and his crowd are the magical thinkers, so everything anyone else does has that projected onto them.
Posted by: M. Murcek   2019-05-05 10:02  

#3  The chinese economic policy is so insider-enriching prole rent-seeking it would even make the dismal US federal reserve blush.
Posted by: Bright Pebbles   2019-05-05 08:45  

#2  Chinese seem to have an economic policy of keeping the chinese people poor...
Posted by: Bright Pebbles   2019-05-05 08:44  

#1  Any different in their belief in the 'Magic Money Tree' economics? Seems the Chinese may have some concept of economics, at least far better than the rest of the Left.
Posted by: Procopius2k   2019-05-05 07:52  

00:00