Even CNN, the cable news network that has seized every opportunity to criticize President Trump, has been forced to admit (albeit begrudgingly) that President Trump “deserves at least some credit” for the contemporary economic boom in the US. And the president, of course, hasn’t been shy about giving himself credit where credit is due.
So it’s hardly surprising that, three days after the BLS reported the the 94th-straight month of labor-market expansion, Trump is once again indulging his fondness for tweeting out positive economic data: To wit, the president tweeted Monday morning that the growth rate for US GDP eclipsed the unemployment rate for the first time in 100 years during the second quarter.
Trump went on to slam Democrats, Watergate reporter “Bob Woodward” and everyone who has claimed that the West Wing is in a state of chaos – to which Trump replied that things are running smoothly and the administration is continuing its groundbreaking work.
“The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!,” Trump tweeted early on Monday.
The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!
— Donald J. Trump (@realDonaldTrump) September 10, 2018
Hillary Clinton, on the other hand, wouldn’t have been nearly as successful because she would have continued the anti-business policies of the Obama administration. In contrast, Trump argued that he “opened up our beautiful economic engine” with “regulation and tax cuts” and added that there’s “still plenty to do!”
If the Democrats had won the Election in 2016, GDP, which was about 1% and going down, would have been minus 4% instead of up 4.2%. I opened up our beautiful economic engine with Regulation and Tax Cuts. Our system was choking and would have been made worse. Still plenty to do!
— Donald J. Trump (@realDonaldTrump) September 10, 2018
To be sure, both critics and supporters of the president have argued that it’s dangerous for Trump to tether his presidency to the success of fickle markets and economic conditions. But as Bloomberg’s Joe Weisenthal points out, there are “other good stuff” that Trump can point to should economic growth cool during Q3. For example, US stocks are back at record highs, wage growth is finally starting to accelerate and consumer confidence is at its highest level in decades.
There’s other good stuff besides the 4.2% quarterly GDP that’s going on, so if that decelerates he can just point to other stuff.
— Joe Weisenthal (@TheStalwart) September 10, 2018
Trump polished off yet another early morning tweetstorm with another swipe at Watergate reporter Bob Woodward’s upcoming book “fear”, which he slammed as a “joke” and a work of “fiction” before adding that someday he (or more likely a ghostwriter) would write the “real book”.
The Woodward book is a Joke – just another assault against me, in a barrage of assaults, using now disproven unnamed and anonymous sources. Many have already come forward to say the quotes by them, like the book, are fiction. Dems can’t stand losing. I’ll write the real book!
— Donald J. Trump (@realDonaldTrump) September 10, 2018
In response to allegations of chaos in the West Wing by Woodward and the author of the now-infamous anonymous NYT op-ed, Trump insisted that the White House is a “smooth running machine” and that “we are making some of the biggest and important deals in our country’s history.”
The White House is a “smooth running machine.” We are making some of the biggest and most important deals in our country’s history – with many more to come! The Dems are going crazy!
— Donald J. Trump (@realDonaldTrump) September 10, 2018
With markets at all-time highs and unemployment at the lowest level in decades, the big question remains: Will the widely touted “blue wave” more closely resemble a blue trickle?
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