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Ummm, something’s not quite adding up here…
In what was labeled “a pretty gloomy report,” the Labor Department announced Friday that the U.S. economy had the worst monthly jobs gain since 2010 in May, yet in the same week President Barack Obama had the temerity to slam Donald Trump’s economic policies as “crazy.”
Unemployment fell to 4.7 percent, the lowest rate since 2007, but that is due to a record 94.7 million Americans not in the labor force and Obama is on track to close out his eight years in office with an average annual GDP growth rate under 2 percent, which would place his presidency fourth from the bottom of the list on economic growth.
But the president opted to make the economy a central part of his first official foray into the 2016 presidential election while speaking Wednesday at a high school in Elkhart, Indiana, according to NBC News.
“America’s economy is not just better than it was eight years ago, it’s the strongest and most durable economy in the world,” he said. “By almost every economic measure, America is better off than when I came here.”
Obama blasted Trump’s “crazy” proposals — he did not use the candidate’s name, choosing instead to refer to him as the “Republican nominee” — while praising Bill Clinton’s stewardship of the economy, NBC News reported.
“If that is what you are concerned about, the economy, the debate is not even close,” the president said.
He did not name Hillary Clinton or Bernie Sanders in his comments about the presidential race, which NBC News described as “a rebuttal of the rhetoric of the campaign trail.”
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