Top White House Economist Says Trump's GDP Claim Was Wrong

The president tweeted a video wishing Clinton a'Happy Anniversary that showed her speech from

The president tweeted a video wishing Clinton a'Happy Anniversary that showed her speech from

This time to tout his economic success, with the GDP growth rate hitting 4.2 percent for the last quarter and topping the unemployment rate of 3.9 percent, something Trump claimed "for the first time in 100 years".

"The notion that what we're seeing right now is just a continuation of trends is not super defensible", he said.

But Trump got it wrong way wrong when he said it hasn't happened in a century.

The economy was, however, struggling when Obama took office in 2009.

Meanwhile, Mr Trump has slashed regulations to energise businesses.

"What is true is that it's the highest in 10 years, and at some point somebody probably conveyed it to him adding a zero to that, and they shouldn't have done that", Hassett said. The company's research team tweeted out a list of the recent quarters when the GDP has been higher than the unemployment.

The overall United States economy grew at a 4.2% annual rate in the second quarter. Public appearances at the briefings are typically used to praise Trump.

The president seemed to be imprecisely referencing remarks made by Obama at a town hall event in 2016, in which he questioned promises from Trump regarding manufacturing jobs, not economic growth.

"Just when Hillary Clinton said she was going to start running a positive campaign, she ripped off her mask and revealed her true contempt for everyday Americans", Jason Miller, a senior communications adviser for Trump's campaign, said in a statement at the time.

He also noted that the fruits of the economic recovery have not been shared evenly.

That's not the case for the S&P 500 Index, which has increased more than 30 percent since Trump was elected on November 8, 2016.

But hourly pay for mid-wages workers in that time has risen only a paltry 0.5%, he said.

"When people ask me, 'how's the economy doing?' I ask them, whose economy are you talking about?"

Recommended News

We are pleased to provide this opportunity to share information, experiences and observations about what's in the news.
Some of the comments may be reprinted elsewhere in the site or in the newspaper.
Thank you for taking the time to offer your thoughts.