Quantcast
Connect with us

Even Fox News is calling out Donald Trump’s blatant lies about the economy

Published

on

President Donald Trump was just called out for lying about the economy by an unexpected source: Fox News.

This article was originally published at Salon

ADVERTISEMENT

The impetus for the fact check was a tweet sent Monday by Trump that claimed “the GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!”

If this statistic seems dubious, that is because it is categorically false; there have actually been 63 fiscal quarters across the past 60 years in which the unemployment rate was lower than the rate of growth for the gross domestic product, or GDP. Fox News knows this, too.

“Since 1948, there have been 63 quarters with a GDP growth rate higher than avg quarterly unemployment rate,” Fox News Research wrote in a tweet, listing the most recent quarters with GDP growth higher than the unemployment rate as Q2 2018 and Q1 2006.

Since 1948, there have been 63 quarters with a GDP growth rate higher than avg quarterly unemployment rate

ADVERTISEMENT

Recent Quarters with GDP Growth higher than Unemployment Rate:

•Q2 2018
•Q1 2006
•Q3 2003
•Q2 2000
•Q4 1999
•Q3 1999
•Q4 1998
•Q3 1998
•Q3 1997
•Q2 1997
•Q2 1996 https://t.co/xc873PMf6K— Fox News Research (@FoxNewsResearch) September 10, 2018

Another prominent Trump ally who contradicted the president’s claim was the chairman of the Council of Economic Advisers, Kevin Hassett.

ADVERTISEMENT

“The history of thought of how errors happen is not something that I can engage in. From the initial fact to what the president said, I don’t know the whole chain of command,” Hassett told reporters on Monday. “What I do know is that’s the highest in 10 years. And, at some point, somebody probably conveyed it to him, adding a zero to that — and they shouldn’t have done that. And I can say that at least we numbers geeks here at the White House are grateful for — 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.”

After relaying an incident in which he had inadvertently given an incorrect figure to Sarah Huckabee Sanders, the White House press secretary, Hassett repeated that the president had made a mistake. “You’d have to talk to the president about where the number came from, but the correct number is 10 years,” Hassett said.

Hassett also addressed another erroneous tweet posted by the president, one where he claimed that former President Barack Obama had said “President Trump would need a magic wand to get to 4% GDP.” Trump went on to argue, “I guess I have a magic wand, 4.2%, and we will do MUCH better than this! We have just begun.”

ADVERTISEMENT

“President Trump would need a magic wand to get to 4% GDP,” stated President Obama. I guess I have a magic wand, 4.2%, and we will do MUCH better than this! We have just begun.

— Donald J. Trump (@realDonaldTrump) September 10, 2018

In fact, Obama had been talking about manufacturing jobs — not economic growth — and had said, “He just says, ‘Well, I’m going to negotiate a better deal.’ Well— what — 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.”

ADVERTISEMENT

Hassett responded to this error by quipping, “I’m not the chairman of the Council of Twitter Advisers.”

It is also worth noting that independent fact-checkers at NBC News have debunked the president’s claim that he is responsible for America’s economic growth, pointing out that the current boom began under his predecessor, Obama:

The economy was, however, struggling when Obama took office in 2009. He inherited a dismal economy in the middle of a recession that lasted 18 months, facing what many feared would be a depression, and was able to turn it around in the first years of his presidency. The U.S. is now its 10th year of economic growth, and in its longest period of growth with 95 straight months of job creation. The bulk of that decade of growth was under Obama’s presidency, and can fairly be credited to him.

ADVERTISEMENT

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.

Rick Wilson on how the GOP’s “chain of bad decisions” paved the way for Trump

In the Donald Trump era, Rick Wilson has made a name for himself as one of the more fiery members of the small minority of conservatives who are willing to speak out against Trump. Wilson, who worked in the State Department under Dick Cheney and was a campaign strategist for Rudy Giuliani, spoke about his new book, [“Everything Trump Touches Dies: A Republican Strategist Gets Real About the Worst President Ever,”]( http://www.amazon.com/dp/dp/1982103124/?tag=saloncom08-20) on “Salon Talks.” He told Salon’s Amanda Marcotte that Republicans have a responsibility for allowing Trump to happen and for not doing more to rein him in. “It’s a leadership failure in the beginning,” Wilson argued. “The leadership thought, ‘We’re going to let this guy play it out. Otherwise he’ll jump out of the race, run as an independent, and he’ll screw up with these populist voters.’” Watch the interview above to hear why Wilson blames the party’s “money folks” and how they wrongly approached the 2016 race, plus how the GOP can save its historical legacy from being destroyed by Trump.

ADVERTISEMENT

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and legal efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. And unlike other news outlets, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from billionaires and corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you. Click to donate by check.

Enjoy this piece?

… then let us make a small request. Like you, we here at Raw Story believe in the power of progressive journalism — and we’re investing in investigative reporting as other publications give it the ax. Raw Story readers power David Cay Johnston’s DCReport, which we've expanded to keep watch in Washington. We’ve exposed billionaire tax evasion and uncovered White House efforts to poison our water. We’ve revealed financial scams that prey on veterans, and efforts to harm workers exploited by abusive bosses. We’ve launched a weekly podcast, “We’ve Got Issues,” focused on issues, not tweets. Unlike other news sites, we’ve decided to make our original content free. But we need your support to do what we do.

Raw Story is independent. You won’t find mainstream media bias here. We’re not part of a conglomerate, or a project of venture capital bros. From unflinching coverage of racism, to revealing efforts to erode our rights, Raw Story will continue to expose hypocrisy and harm. Unhinged from corporate overlords, we fight to ensure no one is forgotten.

We need your support to keep producing quality journalism and deepen our investigative reporting. Every reader contribution, whatever the amount, makes a tremendous difference. Invest with us in the future. Make a one-time contribution to Raw Story Investigates, or click here to become a subscriber. Thank you.



Report typos and corrections to: [email protected]. Send news tips to: [email protected].
READ COMMENTS - JOIN THE DISCUSSION
Continue Reading

Breaking Banner

‘It’s time for decent people to push back against Fox News’ on antifa: columnist

Published

on

President Donald Trump and Fox News are turning American values upside down with their fascist propaganda, Philadelphia Inquirer columnist Will Bunch explained on Tuesday.

"It seems like if you were truly sincere about the whole 'Make America Great Again' thing — that is, if it weren’t just a campaign slogan that jibes with your xenophobic branding and can move tens of thousands of red hats at $25 a pop — then one might actually want to celebrate America’s first victory against fascism," Bunch wrote.

Continue Reading

Breaking Banner

‘This is how he gets us killed’: American Jews and allies horrified after Trump blurts out anti-Semitic trope

Published

on

President Donald Trump blurted out another anti-Semitic trope during his brief press availability Tuesday in the Oval Office.

Trump has been having a kind of holy war with Reps. Ilhan Omar (D-MN) and Rashida Tlaib (D-MI), two of just three Muslim officials in Congress. When speaking to the press Tuesday, he claimed that Jews have no business supporting Democrats because they're anti-Semitic. But then he took it a step further.

Continue Reading
 

Breaking Banner

Conservative columnist blasts GOP as ‘partisan hacks for whom hypocrisy is second-nature’

Published

on

On Tuesday, President Donald Trump once again ripped into The Squad, this time to undercut an emotional press conference in which Rep. Rashida Tlaib (D-MN) described the conditions her Palestinian relatives live under.

“Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long,” the president tweeted. “Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!”

Sorry, I don’t buy Rep. Tlaib’s tears. I have watched her violence, craziness and, most importantly, WORDS, for far too long. Now tears? She hates Israel and all Jewish people. She is an anti-Semite. She and her 3 friends are the new face of the Democrat Party. Live with it!

Continue Reading
 
 

Thank you for whitelisting Raw Story!

As a special thank you, from now until August 31st, we're offering you a discounted rate of $5.99/month to subscribe and get ad-free access. We're honored to have you as a reader. Thank you. :) —Elias, Membership Coordinator
LEARN MORE
close-link
close-image