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Top Trump Economic Adviser Confirms Trump’s GDP Tweet Was False

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Top Trump Economic Adviser Confirms Trump’s GDP Tweet Was False




Council of Economic Advisers Chairman Kevin Hassett on Monday confirmed that President Trump falsely claimed in a tweet this morning that the GDP rate is higher than the unemployment rate for the fist time in 100 years.

“The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!” Trump tweeted.

Hassett suggested that “somebody” should be blamed for “adding a zero” to the economic numbers that made their way to the president.



“I don’t know the whole chain of command,” Hassett offered, “but what is true is that it’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.”

As CNN notes:

The first two numbers are correct, although they measure completely different things, and in different ways.

The overall US economy grew at a 4.2% annual rate in the second quarter. Unemployment was between 3.8% and 4% during the quarter, and it came in at 3.9% in August.





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