White House adviser admits Trump got his facts wrong in economy tweet

Gladys Abbott
September 12, 2018

TRUMP, in a tweet: "The GDP rate (4.2 percent) is higher than the Unemployment Rate (3.9 percent) for the first time in over 100 years!"

Gasparino responded with a mix of snark and anger.

Sen. Lindsey Graham, R-S.C., said in response to Obama's speech that, "The more former President Obama speaks about the "good ol years" of his presidency, the more likely President Trump is to get re-elected". Small-business owners, as a whole, became far more optimistic about the economy after Trump's election.

Former President Barack Obama is on the campaign trail, stumping for Democratic candidates in a midterm election in which he says our very democracy is at stake.

In the 70 years since the Labor Department started publishing monthly jobless numbers, the growth rate has been higher than the unemployment level more than 20 percent of the time when compared with GDP, which is reported quarterly. "And at some point somebody probably conveyed it to him adding a zero to that and they shouldn't have done that".

Kevin Hassett, chairman of the Council of Economic Advisers, speaking in the White House press room, said he did not know how Trump obtained the false information.

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Hillary couldn't win on Obama's record: Lastly, if Obama's economy was so great, why couldn't Hillary Clinton ride the wave into the presidency like George H.W. Bush was able to do with Ronald Reagan? This has included demonstrators at the hearings for Supreme Court nominee Brett Kavanaugh; the Bob Woodward book "Fear" and the daily and sometimes hourly torrent of anti-Trump invective from the major media, which see impeachment as their only hope of returning the establishment to power.

"I can tell you what is true", Hassett said, when asked about the inconsistency at a White House briefing on Monday.

"If you look at the collective body of evidence, the notion that what we're seeing right now is just a continuation of trends is not super defensible", Hassett said. "The leadership thought, 'We're going to let this guy play it out".

The president did something last week I have long urged him to do.

If that pattern holds, Trump's approval rating would have to climb back into the low 40s for Republicans to have a realistic chance of stopping Democrats from winning the net 23 seats they need to take the House.

Inside Trump's wider drop in approval, his rating among independents tumbled from 47% to 31% since August, the kind of number that could do real damage when voters go to the polls. The economy also saw in June more job openings than people unemployed for the first time since 2000.

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