ibusinesslines.com
ibusinesslines.com November 14, 2018


Obama vs. Trump: Trevor Noah Makes The Call

12 September 2018, 04:42 | Kelvin Horton

And he tweeted a video showing him winning the presidential election

And he tweeted a video showing him winning the presidential election

Trump regularly deletes and re-posts tweets to correct misspellings or to rephrase his points.

History suggests that such good news ought to translate into a political as well as an economic winning streak for the GOP heading into nettlesome midterm elections and even a glide path for a carefree re-election for President Donald Trump himself. "You'd have to talk to the president about where the number came from, but the correct number is 10 years", Hassett said.

It would be one thing if the economy were all the president was tweeting about.

Gross domestic product under Trump hit 4.1 percent in the second quarter of this year - showing a growing economy. "We will do MUCH better than this!" Unfortunately for the former president and thanks to facts, we do know when the recovery began - and it happened despite him, not because of him.


In an interview with Fox Business, University of MI economics professor Justin Wolfers questioned the origin of the statistics. "What magic wand do you have?" he asked. "And usually the answer is, he doesn't have an answer", Obama continued.

"I'm glad it's continued, but when you hear about this economic miracle that's been going on, when the job numbers come out, monthly job numbers, and, suddenly, Republicans are saying, 'it's a miracle.' I have to kind of remind them, actually, those job numbers are the same as they were in 2015 and 2016", he said during a speech in IL. "President Obama took office during the worst downturn since the Great Depression", he said.

In the last 70 years, it's happened in at least 62 quarters, most recently in 2006. The U.S.is now its 10th year of economic growth, and in its longest period of growth with 95 straight months of job creation. The president tends to get credit. 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. This has included demonstrators at the hearings for Supreme Court nominee Brett Kavanaugh; the Bob Woodward book "Fear" and the daily and sometimes hourly torrent of anti-Trump invective from the major media, which see impeachment as their only hope of returning the establishment to power.

But economists tell AFP the truth is closer to splitting the baby: neither president is exclusively responsible and yet both deserve some of the credit for an economic recovery that without a doubt began under Obama. "It's a leadership failure in the beginning", Wilson argued. "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".



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