February jobs numbers highlight Trump’s reversal of Obama’s policies

The February employment report indicated that the US economy added a whopping 273,000 new jobs. In addition, 85,000 more jobs were added to the previous months’ tally. The unemployment rate fell to 3.5%.

Since November the number of new jobs the economy is generating monthly points to stronger economic growth. In spite of the potential negative effects of the Coronavirus, it appears that President Trump’s reversal of the Obama Administration’s economic policies has provided true economic prosperity.

This is President Trump’s economy, not Obama’s.

And make no mistake: it is Trump’s reversal of Obama’s growth stifling economic policies that have brought today’s prosperity. Obama’s policies resulted in a decade of economic stagnation, from 2007 to 2016.

The good times are not a continuation of Obama’s policies, but rather a complete reversal.

There were three major Obama policy actions that concentrated on curing perceived social injustices rather than increasing economic growth. Each policy tended to slow economic growth.

The Affordable Care Act (ACA) provided health insurance for 20 million uninsured Americans. But the ACA had 21 new or increased taxes. Higher tax rates tend to slow economic growth.