New Labor Department statistics show that despite Trump’s repeated boasts, job creation was a lot higher during Barack Obama's final years.
MANCHESTER, N.H. – As President Donald Trump takes the stage at his reelection rally here Monday and boasts of his economic record, there is one statistic he is likely to omit: He created 1.5 million fewer jobs in his first three years in office than predecessor Barack Obama did in his final three.
“I’m not a big fan of jobs numbers as a metric of success,” said Douglas Holtz-Eakin, once the top economic adviser to the late Arizona Sen. John McCain’s 2008 presidential campaign. He added, though, that Trump’s “hyperbole” notwithstanding, “the performance of the labor market has been nothing short of stunning.”
The White House would not respond to the new statistics, but spokesman Judd Deere told HuffPost: “President Obama presided over one of the slowest recoveries in history while President Trump has smashed expectations with 5 million more jobs grown than forecasted by the , a record setting stock market, strong wage growth for blue collar workers, and historically low unemployment rates.
But the economy is the one issue that could determine whether Trump succeeds or fails in his attempt to win a second term ― and his boasts about it are consistently misleading and, at times, simply false. Bernstein and other economists pointed out that the nation’s gross domestic product, after showing higher growth rates immediately after the passage of Republican-backed tax cuts in late 2017, have now dropped closer to 2% ― a figure that Trump and others called weak during the Obama years.
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