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White House Aide: Economy 'Better Under Trump' Than Obama

Donald Trump’s spokeswoman took a swipe at Barack Obama on Sunday, slamming the former president for claiming responsibility for the nation’s economic improvements.

"Can’t make it up: Obama now wants credit for the booming Trump economy,” White House press secretary Sarah Huckabee Sanders tweeted. “At least we can all agree the economy is better under President Trump.” The spokeswoman quipped that she was “old enough to remember” when critics predicted that Trump’s rise to power would “crash the market.” She wrote: “One year later, market up over 30%, two million new jobs & 1,000 new jobs created every day just last month.”

According to The Hill, Sanders was responding to Obama’s statement at last week’s North American Climate Summit in Chicago. “We met resistance every step of the way,” the ex-president said. “There were skeptics who said these actions would kill jobs and depress growth. As we took these actions, we saw the U.S. economy grow consistently. We saw the longest streak of job creation in American history by far; a streak that still continues, by the way.” He drew laughter when he added: “Thanks, Obama.”

The ex-president criticized Trump for withdrawing the United States from the Paris climate agreement and repealing a host of environmental regulations. He argued that taking action to mitigate the effects of climate change is not “job killing,” as the current president and congressional Republicans claim. Obama said Trump’s decision to pull out of the Paris pact, which calls for countries to enact voluntary limits on carbon emissions, is “difficult to defend.”

“The good news is that the Paris agreement was never going to solve the climate crisis on its own. It was going to be up to all of us,” Obama told his audience of mayors from various countries who attended the event to add their names to the Chicago Climate Charter. By signing the document, they committed their cities to the Paris accord. Among those taking part are New York City, Chicago, San Francisco and Washington, D.C. “Ultimately, the work is done on the ground,” Obama said. “Cities and states and businesses and universities and nonprofits have emerged as the new face of American leadership on climate change.”

Former members of the Obama administration, as well as economist David Rothschild, wasted no time in bashing Sanders for her tweet. They pointed to economic indicators showing the country was in better financial shape during the Democratic president’s tenure. Newsweek reported that between July and September, the nation’s gross national product increased 3 percent. The key indicator made a similar gain during the previous three months. When Obama was in charge, the GNP rose an average of 2.1 percent per quarter, sometimes exceeding 3 percent.

Trump boasts that his administration’s policies have led to lower unemployment and record-high stock prices. Chris Rupkey, the top economist for the MUFG Union Bank, refuted the claim. “America's trade deficit with the world swung out to $48.7 billion in October from $44.9 billion in September, which will take some steam out the recent trend of stronger economic growth,” he wrote Tuesday in a note to investors. He suggested that the GDP will not keep increasing at the current rate.

Source: The Hill
Photo: Wikimedia Commons, Sarah Sanders/Twitter

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