Trump claims credit for the economy. Not so fast, says Obama

13 September, 2018, 03:28 | Author: Sheri Evans
  • President Barack Obama called for the'restoration of honesty and decency and lawfulness in our government and ripped President Donald Trump

Gasparino was writing in response to a tweet from Wall Street Journal columnist Kimberley Strassel.

On Monday morning, Trump tweeted that "The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!"

In a detailed presentation on Monday, top White House economist Kevin Hassett told reporters that the world's largest economy turned a corner in the Trump era, pointing to sharp gains in business investment, business sentiment and corporate registrations.

Mr. Trump made clear he does not plan to surrender to his predecessor easily. "Like, from the initial fact to what the president said, I don't know the whole chain of command", Hassett said.

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Hassett responded to this error by quipping, "I'm not the chairman of the Council of Twitter Advisers".

Trump regularly deletes and re-posts tweets to correct misspellings or to rephrase his points.

It also wasn't clear why Trump focused on those numbers.

Despite Trump's incorrect tweet, both figures are good for Trump, with the GDP growth rate the highest in nearly four years and the unemployment rate the lowest it has been in nearly 18 years.

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Donald Trump has been on Twitter again.

In the 70 years since the Labour Department started publishing monthly jobless numbers, the growth rate has been higher than the unemployment level more than 20% of the time when compared with GDP, which is reported quarterly.

Here's Hassett explaining how historians will "100 percent accept the fact" that the economy improved after Trump's election.

After relaying an incident in which he had inadvertently given an incorrect figure to Sarah Huckabee Sanders, the White House press secretary, Hassett repeated that the president had made a mistake.

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The slain shooter acted alone, said Isaac, who commended the responders for putting their lives at risk to stop the bloodshed. Police earlier characterized it as an "active shooter/officer involved shooting incident" in a tweet , but did not elaborate.

On Sunday, Trump said in a tweet that "the Stock Market is up nearly 50% since Election".

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