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Trump inherited Obama’s economic turnaround

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Re: “Trump has been strong on jobs, economy and security,” by Bill O’Boyle, Dec. 9:

The facts and figures are on Obama’s side. Trump’s approval rating is at 32 percent, his strong areas are of continued improvement started by Obama’s initiatives. Trump did not create more jobs in one year estimated at 2 million to Obama’s 11.5 in eight years, as proclaimed. In 2009 the unemployment rate was 10.2 percent, when Obama left office it was 4.7 percent and during that same period the GDP reached 3 percent 14 times with an average of 1.9 percent.

The average weekly earnings increased by 4.1 percent and the S&P 500 index rose 166 percent. I retract my statement that Trump is totally inept, for in his ability to tweet, twist, spin and lie is superior to most, i.e. his real estate empire he co-owns with his family, some 200 companies, the Donald projects his new tax bill will be a total disaster to his bottom line. Also, his wealthy friends will shun him for his action. Do you believe that, folks?

The truth is they will benefit by billions in tax savings through the use of alternative minimum tax law, carried interest, pass-through income at a lower tax rate, and the estate tax, etc. Surely Trump must not be aware of these initiatives being available when he made his statement. If not, he is surely inept.

In the area of security, that 2,200-mile long southern border wall, estimated to cost $26 billion, of course Mexico is going to pay for it, wink, wink. Fact: Illegal border crossing were down 35 percent as of the end of 2016.

As it was so gratefully pointed out, Trump’s achievements in the business world leaving out his three major bankruptcies and the many small companies he stiffed, in his opinion, are good business practices, so so sad.  Under bankruptcy for a period of 16 years he paid no federal income tax, following a legal practice that he said was “smart business,” all in the “Art of the Deal.”

On the other hand, downplaying Obama’s more humble start as a community organizer, left out was state legislator, a constitutional law professor, a U.S. senator from the state of Illinois, a two-tterm president of the United States and a recipient of the Nobel Peace Prize — not a bad public servant’s resume.

In fact, there was another prominent public servant, a humble rail-splitter, self-taught lawyer, state legislator from Illinois and president of the United States known as “Honest Abe.”

The Donald, on the other hand: If you removed his embellished and exaggerated expressions of himself and his accomplishments to-date — well, folks, you be the judge.

William T. “Nick” Smith

Wilson

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