Kevin Hassett, chairman of the Council of Economic Advisers, on Monday told reporters President Donald Trump tweeted an incorrect claim that U.S. gross domestic product had surpassed the rate of unemployment for the first time in more than a century.
Wolfers went on Twitter to provide his proof against Trump's statements, taking two full tweets to show every time the GDP growth rate was higher than the unemployment rate in the last 100 years, a total of 60 times.
During Monday's White House press briefing, Trump economic adviser Kevin Hassett acknowledged that the president's claim was incorrect.
But the Obama administration also celebrated economic gains, with a 5.1 percent GDP in the second quarter of 2014 and four quarters of growth above the 4.0 percentage rate. Economists do not usually compare the GDP rate, which measures the pace of economic growth, with the unemployment rate in that way.
(There have been literally three exceptions in all that time.) And President Donald Trump is such a massive figure in our politics - and in our culture - that it's hard for me to imagine that he won't be on the minds of lots of voters (of both parties) this fall.
"We numbers geeks here at the White House are grateful when the press finds mistakes that we make - we don't like making mistakes but we're grateful when they're pointed out because we want to correct them". "From the initial fact to what the president said, I don't know the whole chain of command", Hassett told reporters on Monday. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! "We have just begun", Trump tweeted.
Cowboys offered 2nd-round pick for Seahawks safety Earl Thomas
As things stand, Thomas would be a free agent after this season, and it's all but a foregone conclusion he'll leave town. Wednesday's news of Thomas reporting to his current team might well lead to both sides considering it a stalemate.
"When people ask me, 'how's the economy doing?' I ask them, whose economy are you talking about?"
Hassett said he suspected someone "added a 0" to the fact as it was "conveyed" to the president.
Still, as Trump accurately points out, the recovery under Obama was marked by a slower rate of growth than what followed previous recessions, such as the recovery under President Ronald Reagan in 1983 and 1984.
Last week, The Washington Post counted 4,713 false or misleading claims by the president since he took office ― an average of eight per day.
But Trump got it wrong way wrong when he said it hasn't happened in a century.