Trump's latest boast about the economy isn't even close to accurate

President Barack Obama called for the'restoration of honesty and decency and lawfulness in our government and ripped President Donald Trump

President Barack Obama called for the'restoration of honesty and decency and lawfulness in our government and ripped President Donald Trump

A new question was added to that category over the weekend when former President Barack Obama returned to the stump to campaign for Democrats in the midterm elections: Could Donald Trump have beaten Obama in an election for president? "He's one of the worst presidents when it comes to actual actions when it comes to the media", the Federalist senior editor Mollie Hemingway told Fox News. "Jobs in goods-producing industries - mining, construction and manufacturing - grew 3.3 percent in the year preceding July, the best rate since 1984, according to a Washington Post analysis".

The White House did not immediately respond to request for comment on Monday.

Kevin Hassett, the chairman of the White House Council of Economic Advisers, acknowledged to reporters later in the day that the president's tweet was incorrect.

"If you look at the collective body of evidence, the notion that what we're seeing right now is just a continuation of trends is not super defensible", Hassett said. The president tends to get blamed.

Recessions bookended the start and end of George W. Bush's presidency and marked the end of George HW Bush's.

Former New Jersey Gov. Chris Christie also took issue with Obama's attempt to blame America's divisions on Trump, calling it "richly ironic" for him to refer to Trump as a "symptom" of the divide.

On Sunday, Trump said in a tweet that "the Stock Market is up nearly 50% since Election". "If anyone has stoked racial hatred and divisiveness, it's you", she said, citing Obama's actions in the wake of the 2014 police shooting in Ferguson, Missouri, that helped spark the Black Lives Matter movement. What is true is that it's the highest in 10 years. Of course, that statement was nonsense - the GDP has been higher than the unemployment rate on 185 occasions since 1948, as noted by the New York Times.

The overall USA economy grew at a 4.2% annual rate in the second quarter.

Last month, a Quinnipiac University poll showed the public may be starting to give Mr Trump an increasing degree of credit for the rosy state of affairs: 52% credited Trump, while only 37% credited Mr Obama.

A president who claims he is responsible for the best economy in American history is sitting on historically low and worsening approval ratings. If you sketch a graph of a lot of economic indicators, what you see is a pretty straight line stretching back into the Obama years.

That's not the case for the S&P 500 Index, which has increased about 35% since Trump was elected on November 8, 2016.

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