Trump Makes False GDP Claim, Reports 'Fox Business'

US President Donald Trump has forcefully claimed ownership of the American economy's vigorous health while denigrating the legacy of Barack Obama, the president in office during most of the last decade's expansion, but economists suggest any credit should be shared.

Yet, something is not quite adding up.

"Given the two presidents involved, pyrotechnics and bombast were going to happen whether there was a recovery or not", said Douglas Holtz-Eakin, a former director of the Congressional Budget Office and adviser to former Republican presidential candidate John McCain.

It's a little something called dignity, which is sorely lacking in the halls of the White House at this moment in time.

Trump offered the bit of misinformation during a series of tweets touting the economy. Millions of Americans who can't stand Obama will just tune out the rhetoric, so different than Trump's and so missed by his supporters, but Obama's view of his successor is shared by prominent conservatives such as columnists George Will and Michael Gerson and Sens. "So we can go out and estimate recent trends, that is trends that ran in the economy up to the last election, and then compare the recent data to those trends".

Hassett said he suspected someone "added a 0" to the fact as it was "conveyed" to the president.

Kevin Hassett, chairman of the Council of Economic Advisers, speaking in the White House press room, said he did not know how Trump obtained the false information.

Mr. Trump made clear he does not plan to surrender to his predecessor easily.

Barack Obama makes first post-presidency trip to Africa
Barack Obama makes first post-presidency trip to Africa

"When you don't tell the truth, when you just flat-out lie so much, how do you have any credibility, how can we believe that when it's the president himself who's lied thousands of times since he took the oath of office?"

"By making it about some fact that is not a fact, it takes it away from his economic message". "That's Trump, it's not Obama", said Varney.

Only 32% feel Trump is honest and trustworthy, a similar proportion of voters are proud to have him as president and only 30% think he will unite the country.

Who gets to claim credit for the economy?

That's because data shows that declines in a president's approval rating typically respond to a drop in the national vote for his party in the House of Representatives.

Obama's speech was part of a carefully coordinated strategy to win back a House majority for Democrats. The economy also saw in June more job openings than people unemployed for the first time since 2000.

But right now, that kind of success seems to be overshadowed by the president's failure to make the economy the dominant theme coming out of his chaotic administration.



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