When Trump added an extra zero in his GDP tweet
- Author: Anthony Vega Sep 13, 2018,
Sep 13, 2018, 3:28
This time to tout his economic success, with the GDP growth rate hitting 4.2 percent for the last quarter and topping the unemployment rate of 3.9 percent, something Trump claimed "for the first time in 100 years".
In a rare breaking of ranks, Fox Business host, Charles Gasparino, called out President Donald Trump on Tuesday, writing on Twitter, "when was the last time [Donald Trump] said something that wasn't filled with utter bull s**t?"
Most recently, in the first quarter of 2006, the gross domestic product grew at a rate of 5.4 percent, while the unemployment rate was 4.7 percent in January, 4.8 percent in February and 4.7 percent in March.
"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", Hassert said, the Washington Examiner reported.
This wasn't the first time Hassett has weighed in on a presidential tweet.
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".
Following 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 Trump continuing to counterpunch through the weekend and into Monday morning. Economists do not usually compare the GDP rate, which measures the pace of economic growth, with the unemployment rate in that way.
Trump mistakenly said that Obama's "magic wand" quote was about GDP growth, but it was actually about lost jobs. "When President Obama left, after eight years in office, he had only created 195 000 jobs for African-Americans".
Before taking office, Trump regularly accused federal officials of falsifying economic data.