Monday, September 10, 2018

Best in 50 years

President Trump has the media fact-checkers going crazy Monday, touting the GDP and unemployment numbers.
The fact-checkers say it's not the first time in 100 years.
The GDP topped unemployment in the 50s and 60s.
But the last time was in 2006 - 12 years including the eight where Obama was president.
At a briefing with reporters Monday, Kevin Hassett, chairman of Trump's Council of Economic Advisors, conceded that Trump's claim was not true.
"From the initial fact to what the president said … I don't know the whole chain of command," he said. "What is true it is that it's the highest in 10 years. At some point somebody probably conveyed it to him adding a zero to that, and they shouldn't have done that."
The last time was in the first quarter of 2006, when unemployment was about 4.7 percent and quarterly GDP growth was 5.4 percent, government data show.

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