Trump Tries To Take Full Credit For “Lowest” Unemployment Since 1973

Trump Tries To Take Full Credit For “Lowest” Unemployment Since 1973

Donald Trump recently tweeted that unemployment claims are “at the lowest level since 1973.”

Now, at first read you would think (and the Trumpster would WANT you to think) that he deserves the credit for all that.

BUT – here are the facts.

Thanks to the 8 years of fiscal policies under George W. Bush, the United States fell into the worst financial crater since the Great Depression.

During Bush’s last year in office the U.S. economy lost 5 million jobs. And that slide continued into Obama’s first year in office as it takes several months for a new administration’s policies to take effect.

Unemployment peaked at 10% during the Great Recession in October of 2009. Over the course of Obama’s 8 years in office that number fell to 4.8%.

That’s a drop of 5.2%.

Trump Tries To Take Full Credit For “Lowest” Unemployment Since 1973

See that big slide in the graph above?

Under Trump unemployment has fallen from 4.8% to 4.1%. That constitutes a decline of .7%.

See what the simple math shows?

Trump wants you to think he got us all the way down to 4.1% when in reality it was Obama who did the heavy lifting from 10% to 4.8%.

Got it?