Top White House economist fact-checks Trump on GDP claim

  • Top White House economist fact-checks Trump on GDP claim

Top White House economist fact-checks Trump on GDP claim

Donald Trump has been on Twitter again. Unfortunately for the former president and thanks to facts, we do know when the recovery began - and it happened despite him, not because of him.

But during the Obama administration, the Gross Domestic Product never exceeded 3 percent.

INSKEEP: OK. But when we hear you giving economic statistics since the start of the Trump administration, Scott, I consistently hear a pattern that the stats are pretty good but actually in many cases not quite as good as the last of Obama's years.

The economy grew at a 4.2% rate in the second quarter, the fastest since the third quarter of 2014 - again, under Mr Obama. Unemployment was between 3.8% and 4% during the quarter, and it came in at 3.9% in August. Such a relationship between GDP and the unemployment rate has occurred many times, most recently in the first quarter of 2006, before the financial crisis pushed the unemployment rate high and economic growth slowed markedly. He claimed it was on every bar in the country.

Yet it barely missed that cutoff in 2015, when it expanded 2.9 percent under Obama.

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. 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. Trump offered hope for former Obama voters in Pennsylvania, Michigan and Wisconsin that handed him the victory over Hillary in 2016. Obama claims it took him eight years to clean up Bush's mess.

"You go into these small towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing's replaced them". The economy also saw in June more job openings than people unemployed for the first time since 2000. Frightful suffering happened in this country.

"The history of thought of how errors happen is not something that I can engage in".

This is the way to counter the resistance.

And she said she would have to keep reporters "posted" on whether Trump might consider suing Bob Woodward, whose devastating insider account of his White House is published Tuesday and argues that the president is detached from reality and has prompted top aides to try to protect America from the damage he could wreak.