Markets

Trump and Obama spar over economy as midterm polls near

Trump and Obama spar over economy as midterm polls near

Last month, White House Press Secretary Sarah Huckabee Sanders falsely claimed that Trump has created three times as many jobs for black workers as his predecessor Barack Obama did during his entire time in office.

Former New Jersey Gov. Chris Christie also took issue with Obama's attempt to blame America's divisions on Trump, calling it "richly ironic" for him to refer to Trump as a "symptom" of the divide.

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.

But economists tell AFP the truth is closer to splitting the baby: neither president is exclusively responsible and yet both deserve some of the credit for an economic recovery that without a doubt began under Mr Obama.

"I think President Obama is a powerful reminder of what a presidential leader looks like, and that's a contrast to Donald Trump", Katie Porter, who is running to unseat California Republican Rep. Mimi Walters, told Politico.

"There's no question that there's a mixture of credit involved. When President Obama left, after eight years in office, he had only created 195,000 jobs for African-Americans".

The economy grew at a 4.2% rate in the second quarter, the fastest since the third quarter of 2014 - again, under Mr Obama.

In the 70 years since the Labour Department started publishing monthly jobless numbers, the growth rate has been higher than the unemployment level more than 20% of the time when compared with GDP, which is reported quarterly. "And it's not surprising then they get bitter, they cling to guns or religion or antipathy toward people who aren't like them or anti-immigrant sentiment or anti-trade sentiment as a way to explain their frustrations", Obama said in April of 2008.

That's not the case for the S&P 500 Index, which has increased about 35% since Trump was elected on November 8, 2016.

Asked about the veracity of the statement later that day at a White House press briefing, Hassett said: "So I can tell you what is true".


  • Woodward: Kelly, Mattis denials of his book quotes untrue

    Woodward: Kelly, Mattis denials of his book quotes untrue

    Sanders' response to that question was a bit testy. "If they don't want to be part of that process, they shouldn't be here". When a different reporter later continued to press the issue, Sanders replied, "I'm not an attorney.
    Novak Djokovic: The great comeback continues - US Open

    Novak Djokovic: The great comeback continues - US Open

    There may have been no game more important to Djokovic's win or simply entertaining than the eighth game of the second set. But I think winning a slam, any slam, gives you huge confidence that you carry with you for certain period of time .
    Novak Djokovic after winning US Open 2018

    Novak Djokovic after winning US Open 2018

    However, backed by his singing fans, Del Potro roared back in the set by breaking Djokovic to go back on serve. This was Djokovic's third championship in NY , along with those in 2011 and 2015.
  • Florence Isn’t Alone, More Tropical Storms Are Brewing

    Florence Isn’t Alone, More Tropical Storms Are Brewing

    An estimated 250,000 more people from the northern Outer Banks were due to be sent to higher ground starting Tuesday at midday. Isaac could be upgraded to a hurricane tonight, but some weakening of the system is expected to take shape by mid-week.
    Rapper Mac Miller dead at the age of 26

    Rapper Mac Miller dead at the age of 26

    Instead, her latest Instagram post features a video in which a cluster of hair extensions are seen being tossed onto the floor. He was 26 years old. "I was so f-ed up all the time it was bad". "Unconditional love is not selfish", she continued.

    Aide George Papadopoulos sentenced to jail time in Mueller probe

    Former Donald Trump presidential campaign foreign policy adviser George Papadopoulos could have been given a bigger sentence. He is the first former campaign aide to be sentenced in special counsel Robert Mueller's Russian Federation investigation.
  • Nicki Minaj BREAKS SILENCE on Cardi B NYFW Feud & Slams Allegations

    Nicki Minaj BREAKS SILENCE on Cardi B NYFW Feud & Slams Allegations

    The statement said that Nicki never made any comments about Cardi's daughter Kulture or Cardi's parenting. Period!" she said. "I'm not the bitches in the strip club and I'm not a bitch on a reality show.
    Florence restrengthens into a hurricane, approaching East Coast

    Florence restrengthens into a hurricane, approaching East Coast

    Risky waves produced by a tropical cyclone's strong winds can pose a significant hazard to coastal residents and mariners. Storm surge and large battering waves can result in large loss of life and cause massive destruction along the coast.
    Luis Enriques Spain: What can we expect from the new era?

    Luis Enriques Spain: What can we expect from the new era?

    Fernando Hierro was in temporary charge of 2010 World champions Spain in Russian Federation . Enrique was named coach of Spain after the early exit in 2018 World Cup tournament.
  • Donald Trump cancels trip to Ireland

    Donald Trump cancels trip to Ireland

    A spokesperson for Taoiseach Leo Varadkar was earlier unable to confirm the story even after it was broken on Independent.ie. Trump had been scheduled to stop in Ireland on his way back from commemorations of Armistice Day in France on November 11.
    UK Professor Mifsud who linked Trump campaign with Russia dead

    UK Professor Mifsud who linked Trump campaign with Russia dead

    Papadopoulos' lie, Moss said, was "a serious offense" and "a calculated exercise of self interest over the national interest". After the hearing, outside the courthouse, Breen told reporters that he thought the sentence was appropriate.
    Texas Cop Who Fatally Shot Man After Entering Wrong Apartment Identified

    Texas Cop Who Fatally Shot Man After Entering Wrong Apartment Identified

    Police Chief U Renee Hall said the day after the shooting that her department was seeking manslaughter charges against Ms Guyger. Per CBS News , the Texas Rangers have taken over the investigation and have placed a manslaughter charge against Guyger on hold.