Fox Business' Charles Gasparino Calls Out Trump's GDP Lie

Fox Business' Charles Gasparino Calls Out Trump's GDP Lie

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!"

"The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!"

While the numbers cited by Trump are true, the truth in how long it has been since that last occurred sees Trump well short, with the GDP growth rate outstripping the unemployment rate most recently in the first quarter of 2006.

But Mr. Trump is wrong that G.D.P. growth has not been higher than the unemployment rate in the past century.

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. "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". Trump went on to argue, "I guess I have a magic wand, 4.2%, and we will do MUCH better than this!"

Naidu To Reduce VAT On Petrol, Diesel?..
Delhi charges a Value-Added Tax of 27% on petrol and 17.24% on diesel while Mumbai has a maximum Value-Added Tax of % on petrol. Diesel prices in the three cities were also raised today to Rs 77.32, Rs 75.68 and Rs 76.98 per litre, respectively.

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

"When people ask me, 'how's the economy doing?' I ask them, whose economy are you talking about?" "It's the highest in 10 years".

Former New Jersey Gov. Chris Christie also took issue with Obama's attempt to blame America's divisions on Trump, calling it "richly ironic" for him to refer to Trump as a "symptom" of the divide.

Recessions bookended the start and end of George W. Bush's presidency and marked the end of George HW Bush's. Trump wrote on his Twitter account.

"Given the two presidents involved, pyrotechnics and bombast were going to happen whether there was a recovery or not", said Douglas Holtz-Eakin, a former director of the Congressional Budget Office and adviser to former Republican presidential candidate John McCain.

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