Published: Tue, September 11, 2018
Markets | By Otis Pena

Former spokesperson: Obama should take credit for economy


"But 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".

During Monday's White House press briefing Kevin Hassett, chairman of Trump's Council of Economic Advisors admitted that Trump's number was false. "President Obama took office during the worst downturn since the Great Depression", he said.

"We numbers geeks here at the White House are grateful when the press finds mistakes that we make - we don't like making mistakes but we're grateful when they're pointed out because we want to correct them".

President Trump on Monday mocked his predecessor Barack Obama for saying more than two years ago that Trump would need a "magic wand" to bring back jobs to the United States.

"Donald Trump, despite his inauguration speech talking about doom and gloom, he inherited a quite healthy economy and President Obama should take credit for that", he told "Rising" co-host Krystal Ball.

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Spain will face World Cup runners-up Croatia, the other team in the three-man Nations League group, on the same night. He added, "It was a good game, a good test against a team that keeps the ball well", he said.


It has been rare for an economic expansion to stretch between presidencies of opposite parties, which usually try to shift blame for a slowdown.

Official data show this has happened frequently in the post-World War II era, according to AFP fact-checking, and the White House acknowledged Monday the tweet was incorrect.

"He just says, 'Well, I'm going to negotiate a better deal.' Well, what, how exactly are you going to negotiate that?"

"It was 100% my fault and I apologized immediately", Hassett said, hand over his heart.

Jared Bernstein, who served as chief economist to Vice President Joe Biden in the Obama Administration, said Trump's deficit-financed stimulus and tax cuts likely boosted growth in the short term. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! The GDP rate Trump's tweet refers to is for the second quarter of 2018 - and while that rate might continue the for the rest of the year it's not a sure thing by any means.

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