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

The White House even did a little bit of damage control, sending out economic adviser Kevin Hassett to tell the press that actually, the president should have said that the GDP is higher than the unemployment for the first time in ten years.

Following last Friday's blockbuster August jobs report, and with nail-biting midterm elections less than 60 days away, the 44th and 45th presidents crossed swords, with Mr Trump continuing to counterpunch through the weekend and into Monday morning.

"Since 1948, there have been 63 quarters with a GDP growth rate higher than avg quarterly unemployment rate", Fox News Research wrote in a tweet, listing the most recent quarters with GDP growth higher than the unemployment rate as Q2 2018 and Q1 2006.

In the Donald Trump era, Rick Wilson has made a name for himself as one of the more fiery members of the small minority of conservatives who are willing to speak out against Trump.

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Fox Business' daytime anchor Neil Cavuto has called out Trump on a number of occasions when the president has bashed the "fake news" and the "swamp". "It's the highest in 10 years". After sharing this fact, Lemon played a clip of White House Press Secretary Sarah Huckabee Sanders dismissing Bob Woodward's new book, Fear: Trump In The White House, as "careless and reckless". Economists do not usually compare the GDP rate, which measures the pace of economic growth, with the unemployment rate in that way. 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. "When President Obama left, after eight years in office, he had only created 195,000 jobs for African-Americans".

The US economy added about 3 million jobs for black workers while Obama was in office, according to BLS data.

The White House also acknowledged on Monday that the tweet was incorrect.

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