The White House even did a little bit of damage control, sending out economic adviser Kevin Hassett to tell the press that actually, the president should have said that the GDP is higher than the unemployment for the first time in ten years.
"The history of thought about how errors happen is not something I can engage in, because from the initial fact to what the president said, I don't know the whole chain of command", Hassett said.
A White House number cruncher armed with charts and piles of data appeared before reporters to tell the tale of a gangbuster economy and credit the sitting president's policies. If you sketch a graph of a lot of economic indicators, what you see is a pretty straight line stretching back into the Obama years.
The White House has previously disseminated false statistics in an attempt to bolster Trump's record on jobs and the economy.
Wolfers had tweeted a response to Trump's claim soon after he made it.
President Donald Trump was elected by promising to help everyday workers through lowering taxes and reducing bureaucratic regulation to encourage economic growth.
HORSLEY: For example, if you look at overall job growth, 3.6 million jobs have been added in the U.S.in the 19 months that Donald Trump's been in office. But here's something interesting, Steve. Just 17 Percent of College Graduates Have Real Jobs Waiting", after Obama spanked Mitt Romney amongst young voters in 2012 by a margin of 67 percent to 30 percent, "Over 80 percent of all graduating seniors have zilch in the way of jobs lined up for their post-campus lives. We are now seeing faster growth in industries such as manufacturing, construction, oil drilling, other resource extraction industries, and somewhat slower job growth in the service industries, which is everything else. This comes just two months before the 2018 midterm elections.
INSKEEP: Well, let's talk about the politics here because 70 percent of people in a Quinnipiac poll rate the economy as good or excellent, and that is happening on President Trump's watch.
It has been rare for an economic expansion to stretch between presidencies of opposite parties, which usually try to shift blame for a slowdown. House Minority Whip Steny Hoyer (D-Md.) credited the former president for the improving economy, while unveiling an update to his job growth platform. He's the president. He gets credit. There is also the related unknown of whether his outbursts and erratic nature are scaring off some voters who otherwise might be inclined to give him the benefit of the doubt if they feel good about the economy.
"The Economy is soooo good, perhaps the best in our country's history (remember, it's the economy stupid!), that the Democrats are flailing & lying like insane!" Scott, thanks very much, appreciate it.