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

President Trump took to Twitter Sunday morning to attack Democrats

Fox Business Network's Charlie Gasparino torched President Donald Trump over his Monday tweet in which he incorrectly claimed that the GDP had eclipsed the unemployment rate for the first time in 100 years. 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.

"So I can tell you what is true", Hassett, the chairman of the Council of Economic Advisers, said from the podium of the White House briefing room in response to a question about Trump's tweet from early this morning.

Fox News was not the only media outlet to push back.

"Given the two presidents involved, pyrotechnics and bombast were going to happen whether there was a recovery or not", said Douglas Holtz-Eakin, a former director of the Congressional Budget Office and adviser to former Republican presidential candidate John McCain. Unemployment was between 3.8% and 4% during the quarter, and it came in at 3.9% in August.

Certainly, the economy is in usually good health: job creation has averaged 211,000 net new positions a month this year, the highest since 2015, when Mr Obama was in charge.

"He was the president for the eight years when the cause was being created", Christie said on "ABC This Week" on Sunday.

Danny Welbeck deserves to start for England against Switzerland
Referee Danny Makkelie had other ideas and cut short the celebrations by penalising Welbeck for a foul to ensure Spain got the win their overall play had deserved.

THE FACTS: This is true.

Many small-business people felt Obama was dismissive toward their efforts, particularly after his "You didn't build that" comment in July 2012.

He will have been encouraged by a Washington Post story Monday reporting that blue collar employment, typically prevalent in Trump country, is expanding more quickly than service sector jobs. Small-business hiring has slowed in the past year as the unemployment rate has fallen to almost an 18-year low.

A lot of them were lies.

HASSETT: "And I think that if anyone were to assert that the capital spending boom that we're seeing right now was a continuation of the trend that President Trump inherited, then, well, they wouldn't get a high grade in graduate school for that assertion". 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. Statistics are dry. Show people who have jobs they couldn't find during the Obama years. Those swings alternatively dampened investment in drilling rigs and other heavy machinery and helped send that spending higher.

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