Hassett Destroys Obama Claim He Caused Trump's Economic Boom


But the Obama administration also celebrated economic gains, with a 5.1 percent GDP in the second quarter of 2014 and four quarters of growth above the 4.0 percentage rate.

Gasparino responded with a mix of snark and anger.

Jared Bernstein, who served as chief economist to vice president Joe Biden in the Obama Administration, said Mr Trump's deficit-financed stimulus and tax cuts likely boosted growth in the short term. President Trump deregulated the economy; we talked about how that has spurred growth.

Will it last?" After I picked my jaw off of the floor, I continued to read this:"Blue-collar jobs are growing at their fastest rate in more than 30 years, helping fuel a hiring boom in many small towns and rural areas that are strong supporters of President Trump ahead of November's midterm elections.

The president claimed the GDP rate was the highest in 100 years.

It would be one thing if the economy were all the president was tweeting about.

He looks at things like business investment, for example, trying to make the point that not only is the US economy doing well but that President Trump deserves the credit for that.

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Hassett's press briefing was largely supportive of Trump's record on the economy, and the comments about the erroneous Twitter post came in response to a question from a reporter.

Hassett said he suspected someone "added a 0" to the fact as it was "conveyed" to the president. "I complained plenty about Fox News, but you never heard me threaten to shut them down, or call them 'enemies of the people'".

Still, as Trump accurately points out, the recovery under Obama was marked by a slower rate of growth than what followed previous recessions, such as the recovery under President Ronald Reagan in 1983 and 1984. "The leadership thought, 'We're going to let this guy play it out".

"The notion that what we're seeing right now is just a continuation of trends is not super defensible", he said. Trump offered hope for former Obama voters in Pennsylvania, Michigan and Wisconsin that handed him the victory over Hillary in 2016.

Liabilities for the president and Republicans were laid bare by the latest CNN/SSRS poll published on Monday.

If that pattern holds, Trump's approval rating would have to climb back into the low 40s for Republicans to have a realistic chance of stopping Democrats from winning the net 23 seats they need to take the House.

He will have been encouraged by a Washington Post story Monday reporting that blue collar employment, typically prevalent in Trump country, is expanding more quickly than service sector jobs.