Was Obama worse to the press than Trump?


"I guess I have a magic wand", Trump said, pointing to 4.2 percent GDP growth in the last quarter. The company's research team tweeted out a list of the recent quarters when the GDP has been higher than the unemployment.

In an interview with Fox Business, University of MI economics professor Justin Wolfers questioned the origin of the statistics.

"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. As CNN's Don Lemon pointed out on Monday night, it actually happened in at least 62 quarters over the past 70 years, most recently in 2006.

"He wasn't even in the neighborhood of right", Wolfers said in an interview. "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".

Following last Friday's blockbuster August jobs report, and with nail-biting midterm elections less than 60 days away, the 44th and 45th presidents crossed swords, with Mr Trump continuing to counterpunch through the weekend and into Monday morning.

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"It certainly not a natural comparison", Wolfers said.

And in 2013, Leonard Downie Jr., former executive editor of The Washington Post, wrote "the administration's war on leaks and other efforts to control information are the most aggressive I've seen since the Nixon administration". It's not one that a macroeconomist would make.

Hours later, Hassett said during a White House briefing that the GDP rate was higher than the unemployment rate for the first time in a decade.

GDP is a reading of the output of the overall economy.

"You go into these small towns in Pennsylvania and, like a lot of small towns in the Midwest, the jobs have been gone now for 25 years and nothing's replaced them". Quarterly GDP growth is also adjusted to come up with the annual rate.