President Trump was incorrect when he tweeted that more than a century had passed since quarterly economic growth last outpaced the jobless rate, the White House's top economist said Monday. "Jobs in goods-producing industries - mining, construction and manufacturing - grew 3.3 percent in the year preceding July, the best rate since 1984, according to a Washington Post analysis".
He's back! President Obama has emerged from his supposed cloistered life to attack President Trump. As CNN's Don Lemon pointed out on Monday night, it actually happened in at least 62 quarters over the past 70 years, most recently in 2006.
A number of news outlets fact-checked the tweet after it was posted. The president should then say if Democrats win a congressional majority they will stifle his successes and try to return to the failed policies of the past.
Sen. Marco Rubio, R-Fla., sent a series of tweets outlining times he felt Obama was guilty of using divisive language, including his infamous 2008 line where he accused "cynical" voters of clinging to "guns or religion or antipathy toward people who aren't like them".
The president claimed the GDP rate was the highest in 100 years.
Hours later, Hassett said during a White House briefing that the GDP rate was higher than the unemployment rate for the first time in a decade. The makeup of those jobs has shifted just a little bit. He reached beyond standard growth and jobs numbers to invoke a roaring Trump boom, enthusing over capital investment, business optimism, capital goods shipments and the purchasing managers index. But his opponent at that time, former Massachusetts Gov. Mitt Romney, seized on the comment as evidence that Obama didn't appreciate small business. The economy also saw in June more job openings than people unemployed for the first time since 2000. Small-business hiring has slowed in the past year as the unemployment rate has fallen to almost an 18-year low.
Eventually, though, the chirps, lies and tweets became too much for Barack to let slide.
He looks at things like business investment, for example, trying to make the point that not only is the US economy doing well but that President Trump deserves the credit for that. Trump has systematically dismantled Obama's legacy via deregulation, tax cuts and by eliminating the individual mandate in Obamacare, so it's understandable why Obama is desperate for accolades.
Sanders asserted at the August 14 White House press briefing that Trump had tripled Obama's eight-year job creation record in just 18 months, quoting numbers that are not even close to accurate. Oil prices plunged in 2014 and 2015 from over $100 a barrel to roughly $30 a barrel in early 2016.