Obama Triggers Trump Over Economic Results

Obama Triggers Trump Over Economic Results

Former President Barack Obama took to Twitter on Monday to commemorate the 11th anniversary of the American Recovery and Reinvestment Act.

The $800 billion stimulus package paved “the way for more than a decade of economic growth and the longest streak of job creation in American history.”

But the tweet apparently triggered Donald Trump, who constantly takes credit for the “greatest economy in the history of our country.” Trump frequently mentions the economy as he campaigns in his bid for reelection.

A few facts from CNN:

The average monthly job growth has declined from 224,000 during Obama’s last three years to 182,000 during Trump’s first three.

The unemployment rate has fallen to 3.6% last month from 4.7% in January 2017 as Trump took office. Yet that merely continued the trend of the last six years of Obama’s term.

Since Trump assumed the presidency in January 2017, the Dow Jones Industrial Average has risen by 47%, as of about 3 p.m. ET on Tuesday. During Obama’s second term, the Dow rose 44%.