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

Mae Love
September 11, 2018

Hassett kicked off the presser by displaying several charts that he claimed showed positive numbers for the economy under Trump.

Trump tweeted on Monday, "The GDP Rate (4.2 percent) is higher than the Unemployment Rate (3.9 percent) for the first time in over 100 years!"

'So I can tell you what is true, ' Hassett responded.

Jared Bernstein, who served as chief economist to Vice President Joe Biden in the Obama Administration, said Trump's deficit-financed stimulus and tax cuts likely boosted growth in the short term.

"There's not in any way a timing that's related to President Obama's Friday remarks", Hassett said. "But what is true is that it's the highest in 10 years, and at some point somebody probably conveyed it to him adding a zero to that, and they shouldn't have done that".

But as he answered a question from a reporter about Trump's tweet, he also bashfully recalled an earlier incident when he gave Sanders a "bad number".

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"The truth is, the American people in 2016 rejected the policy and direction of Barack Obama when they elected President Donald Trump", Pence told Fox News. "I guess I have a magic wand".

Trump has attacked journalist Bob Woodward as a "liar" following releases from his new book, 'Fear, ' which depicts utter chaos inside the White House.

"The data are clear that the expansion began under President Obama and if you just draw a straight line through much of it, you'll find that Trump is just riding on the trends that he inherited", said Bernstein. They also occurred at the end of Jimmy Carter's and the start of Ronald Reagan's - leaving Trump and Obama in an unusual tug-of-war for credit.

"He just says, 'Well, I'm going to negotiate a better deal.' Well, what, how exactly are you going to negotiate that?"

Asked if Obama ever said that, Hassett pleaded ignorance.

'President Trump would need a magic wand to get to 4% GDP, ' stated President Obama, ' Trump wrote. 'I don't know. I'm sorry. It last happened in 2006.

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