Top White House economist says Trump's GDP and unemployment claim was wrong

He retweeted Obama on Jimmy Kimmel's'Mean tweets segment of his late night show

He retweeted Obama on Jimmy Kimmel's'Mean tweets segment of his late night show

The impetus for the fact check was a tweet sent Monday by Trump that claimed "the GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!"

Hassett also addressed another erroneous tweet posted by the president, one where he claimed that former President Barack Obama had said "President Trump would need a magic wand to get to 4% GDP".

Obama on Friday had called for an end to the crowing from the White House. Democrats appear to have a better than even chance of winning the House and some pundits think the Senate might even be in play. Hassett's office took responsibility in a tweet for providing Sanders with inaccurate data. The second slide he discussed showed how business investments went up $300 billion since the election.

The government has only been tracking both numbers for 70 years and taking out Wolfers' conclusion to a percentage means that what Trump says has only happened once in the last 100 years has actually happened 20 percent of the time or slightly below the 28.6 percent odds that FiveThirtyEight gave at Trump winning the election.

A president who claims he is responsible for the best economy in American history is sitting on historically low and worsening approval ratings.

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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. House Minority Whip Steny Hoyer (D-Md.) credited the former president for the improving economy, while unveiling an update to his job growth platform. "President Obama took office during the worst downturn since the Great Depression", he said. The sluggish recovery that followed took almost a decade, with some issues still persisting.

The overall U.S. economy grew at a 4.2% annual rate in the second quarter. Americans are starting new businesses and the increase in startups is accelerating more quickly than it did under Obama, he added, and blue-collar jobs - in mining, construction and manufacturing - are growing more rapidly.

The first two numbers are correct, although they measure completely different things, and in different ways. Unemployment was between 3.8% and 4% during the quarter, and it came in at 3.9% in August. The Trump administration has recently promoted false statistics on jobless rates and the stock market's performance as it has touted Trump's record on the economy.

"I would assert that if you look at the collective body of evidence, the notion that what we're seeing right now is just a continuation of recent trends, it's not super defensible", Hassett said.

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