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


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.

At a White House briefing, the chairman of the Council of Economic Advisers set the record straight on a tweet Trump posted earlier, where the president said "The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 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.

In fact, US GDP growth has been higher than the unemployment rate in several quarters during the last century, including, most recently, in 2006. "We have just begun", Trump tweeted.

World class narcissist and former President, Barack Obama, gave a speech on Friday at the University of Illinois Urbana-Champaign, where he brazenly laid the current state of political division within the country at the feet of President Donald Trump and the GOP.

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In response, Trump did what he does best - talked utter bollocks that made little to no sense.

The economy was, however, struggling when Obama took office in 2009. "I like high GDP growth and low unemployment". At that time, the American jobless rate was 4.4 percent, and the gross domestic product increased at 16.5 percent in the third quarter - a difference of 12 points.

The International Monetary Fund now predicts 2.9% growth this year and next, marking the longest period of expansion in U.S. history.

In fact, Obama had been talking about manufacturing jobs - not economic growth - and had said, "He just says, 'Well, I'm going to negotiate a better deal.' Well- what - how exactly are you going to negotiate that?"