Recently even CNN has been forced to admit (begrudgingly) that President Trump “deserves at least some credit” for the contemporary economic boom in the US. And the president, of course, hasn’t been shy about giving himself credit (where credit is due, at least for now, even if it comes at the expense of a soaring budget deficit).
So it’s hardly surprising that, three days after the BLS reported the 94th-straight month of labor-market expansion, Trump is once again indulging his fondness for tweeting out positive economic data: on Monday morning, the president tweeted that the growth rate for US GDP eclipsed the unemployment rate for the first time in 100 years during the second quarter.
Trump went on to slam Democrats, Watergate reporter “Bob Woodward” and everyone who has claimed that the West Wing is in a state of chaos – to which Trump replied that things are running smoothly and the administration is continuing its groundbreaking work.
“The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!,” Trump tweeted early on Monday.
The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!
— Donald J. Trump (@realDonaldTrump) September 10, 2018
Hillary Clinton, on the other hand, wouldn’t have been nearly as successful because she would have continued the anti-business policies of the Obama administration the president claimed, arguing that he “opened up our beautiful economic engine” with “regulation and tax cuts” and added that there’s “still plenty to do!”
If the Democrats had won the Election in 2016, GDP, which was about 1% and going down, would have been minus 4% instead of up 4.2%. I opened up our beautiful economic engine with Regulation and Tax Cuts. Our system was choking and would have been made worse. Still plenty to do!
— Donald J. Trump (@realDonaldTrump) September 10, 2018
