The Trump economy is so stellar that Barack Obama wants to take credit for it, and the media clamor to shill on his behalf.
The press thought it had a “gotcha!” moment when White House economic adviser Kevin Hassett corrected a tweet President Trump had posted where he said the “GDP Rate (4.2%) is higher than the unemployment rate (3.9%) for the first time in over 100 years!”
Trump's own top economist — Kevin Hassett — just said this is flat out wrong. It's the best in 10 years…. NOT 100 years.
"What is true is it’s the highest in 10 years. At some point someone conveyed it to him adding a zero to that and he shouldn’t have done that." – Hassett https://t.co/QRcdqarve5
— Heather Long (@byHeatherLong) September 10, 2018
At the September 10 WH press briefing, Hassett said: “At some point, somebody [in the chain of command] probably conveyed it to him, adding a zero to that…You’d have to talk to the President about where the number came from, but the correct number is 10 years.”
So instead of setting a 100-year record, President Trump set a 10-year record. That’s still impressive no matter how you look at it, and underscores that his presidency has been great for the economy.
Keep in mind that all the naysayers and haters predicted that the stock market and the U.S. economy would crash if Trump got elected. Oh really?
In another instance, the media trashed Trump for tweeting that Obama had said, “President Trump would need a magic wand to get to 4% GDP.”
In reality, Obama’s reference to a magic wand was aimed at Trump’s claims about bringing jobs back to the United States (which he did).
“Well, how exactly are you going to do that [bring back jobs]?” Obama said at a PBS town hall in 2016. “What exactly are you going to do? There’s no answer to it. He just says, ‘Well, I’m going to negotiate a better deal.’ Well, how exactly are you going to negotiate that? What magic wand do you have? And usually the answer is, he doesn’t have an answer.”
Because the mainstream media spend all their time trying to discredit President Trump, they always lose sight of the forest for the trees and make fools of themselves in the process.
So Trump clapped back with a Twitter video that summed up what he was trying to convey, including the exact “magic wand” quote from Obama.
The video also underscores once and for all that the Trump economic boom is real, and he — not Obama — is responsible for it:
Financial experts widely agree that the Trump economy is roaring thanks to his policies and actions.
Peter Morici, the former chief economist at the International Trade Commission, said the Obama economy was a total failure built on a rotten foundation of deceit and lies.
“[Income] inequality got worse during the Obama years,” Morici told Fox News. “Now we’re seeing lots of low-wage workers getting pay increases.”
Morici added: “There was a very cynical aspect to the Obama ‘recovery.’ Obama encouraged young people to borrow a lot for useless college programs. A lot of young people — because they couldn’t find jobs — went back to graduate school at second-tier universities and took useless programs. And now they’re burdened with debt for the rest of their lives. Obama used that to ‘stimulate’ the economy. This was the worst Fagin act of any president in two generations.”
(Editor’s note: Fagin is a thieving grifter in Charles Dickens’s novel “Oliver Twist.” Fagin leads a group of orphan children, whom he teaches to pick pockets and steal.)
Meanwhile, here’s what the Left’s new hero is up to:
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