Economy

Top White House economist fact-checks Trump on GDP claim

Top White House economist fact-checks Trump on GDP claim

The national unemployment rate was at 3.9 percent in August, according to the Bureau of Labor Statistics.

Gasparino responded with a mix of snark and anger.

"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. 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.

Trump regularly deletes and re-posts tweets to correct misspellings or to rephrase his points. "Like, from the initial fact to what the president said, I don't know the whole chain of command", Hassett said. "You'd have to talk to the president about where the number came from, but the correct number is 10 years".

While that was good news about the economy, Lemon was struck by the president's inability to tell the truth.

Djokovic grabs Grand Slams No 14
Nadal stayed at No. 1 despite retiring from his semifinal last week, and Federer remained No. 2 after a fourth-round loss in NY . AS with any final weekend of a grand slam there was plenty of cash being dished out at the US Open the past couple of days.

Last month, White House Press Secretary Sarah Huckabee Sanders asserted to reporters that Trump had tripled Obama's eight-year job creation record for black workers in just 18 months, quoting numbers that were not even close to accurate.

Senator Marco Rubio (R-FL) took notice of Obama's pot-calling-the-kettle-black speech and blasted the former president in a Twitter thread for his blatant contribution to the brokenness of American politics and our current state of discord.

On Sunday, Trump said in a tweet that "the Stock Market is up nearly 50% since Election".

Before taking office, Trump regularly accused federal officials of falsifying economic data.


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