Published: Wed, September 12, 2018
Markets | By Erika Turner

FBN’s Charlie Gasparino Torches Trump Over False GDP Claim: ‘Utter Bull Sh

FBN’s Charlie Gasparino Torches Trump Over False GDP Claim: ‘Utter Bull Sh

In the second quarter of this year, it exceeded 4 percent and manufacturing jobs are making a comeback. Fox News knows this, too.

Fox Business' daytime anchor Neil Cavuto has called out Trump on a number of occasions when the president has bashed the "fake news" and the "swamp". But as of 3.15 pm in NY, shortly after Hassett conceded the error and hours after the claim was challenged in news stories, Trump's false tweet about GDP and unemployment remained online.

In the 70 years since the Labor Department started publishing monthly jobless numbers, the growth rate has been higher than the unemployment level more than 20 percent of the time when compared with GDP, which is reported quarterly.

Hassett said he suspected someone "added a 0" to the fact as it was "conveyed" to the president.

It would be one thing if the economy were all the president was tweeting about. "You'd have to talk to the president about where the number came from, but the correct number is 10 years".

In his fiery speeches and Twitter blitzes, President Donald Trump has forcefully claimed ownership of the American economy's vigorous health while denigrating the legacy of Barack Obama, the president in office during most of the last decade's expansion.

"When you don't tell the truth, when you just flat-out lie so much, how do you have any credibility, how can we believe that when it's the president himself who's lied thousands of times since he took the oath of office?"

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In a span of one week, prices of petrol and diesel have gone up by Rs 1.65 a litre and Rs 1.92 a litre, respectively. Meanwhile, transporters are gearing up to put pressure on the government to reverse its fuel tax policy.

But Trump's mention of Obama's comments about a "magic wand" appear to reference a June 2016 town-hall event in IN when the former president was asked about Trump's promise to kick-start manufacturing jobs in the country.

In an interview with Fox Business, University of MI economics professor Justin Wolfers questioned the origin of the statistics.

"When people ask me, 'how's the economy doing?' I ask them, whose economy are you talking about?" "And, usually, the answer is he doesn't have an answer".

"I'm not the chairman of the council of Twitter advisers", he added later. "President Obama took office during the worst downturn since the Great Depression", he said.

Economists generally acknowledge that growth has accelerated this year compared with 2016 and 2017, and a lot of them partly credit last year's tax cuts for fueling more consumer and business spending.

The International Monetary Fund now predicts 2.9 percent growth this year and next, marking the longest period of expansion in USA history. He noted that he wasn't sure who gave Trump the inaccurate information.

And she said she would have to keep reporters "posted" on whether Trump might consider suing Bob Woodward, whose devastating insider account of his White House is published Tuesday and argues that the president is detached from reality and has prompted top aides to try to protect America from the damage he could wreak.

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