- FBI Director Defends Agency Against Trump Criticism
- Rushed GOP Tax Bill Has Big Problems
- Grassley: Poor Waste Money On ‘Booze Or Women’
- Trump May Have Implicated Himself In Tweet About Flynn
- Kushner Implicated in Flynn Guilty Plea
- Michael Flynn Pleads Guilty, Will Cooperate With Investigation
- Tax Cut Bill Won’t Flow Funds Into Job Creation And Higher Wages, CEOs Say
- Congress’s Failure To Fund CHIP Endangers Kids
- Trump Team Purges Online Climate Change Info
- National Security Advisor Slams Trump As An “Idiot”
Jobs Growth Has Slowed Since Trump Took Office
For all of his failures, gaffes, and terrible policies, President Donald Trump has one thing going for him: he’s overseeing an economy in the United States that is, while still not perfect, doing better than it was nine years ago at the start of the Great Recession. Even with the monthly jobs report released today showing lower-than-expected growth, there are still big gains being made, and it’s not “panic time” quite yet.
That’s not to say, however, that Trump is creating a strong economy. Most of the gains that have been seen under his tutelage are thanks in large part to the economy his predecessor, former President Barack Obama, helped put in place.
By creating investments in national projects, putting more capital in the hands of the average American people, and making healthcare more affordable for families across the nation, the economy had been able to grow under Obama’s watch, a remarkable feat considering the nation was losing hundreds of thousands of jobs per month before he took office.
That positive economy spilled over into Trump’s administration. He didn’t do anything to improve upon it. We can possibly give Trump credit for not totally screwing things up so badly that we’re back in a recession — but that’s hardly something worth rewarding. There isn’t a “Trump Bump” as some have suggested. And as it is, jobs growth is slowing under Trump’s watch.
Aaron Blake of the Washington Post points this out in one simple tweet, contrasting jobs growth numbers from Trump’s first seven months against the numbers from Obama’s first and last seven months in office.
Jobs created in Trump’s 7 full months: 1.189 M
Same 7 months for Obama in ’16: 1.422 M
Obama’s last 7 full months: 1.456 M
— Aaron Blake (@AaronBlake) September 1, 2017
Jobs growth under Trump has remained positive since he took office. But it’s 16.4 percent slower than Obama’s first seven months in office. And it’s 18.3 percent slower than the last seven months Obama was in the White House.
Trump likes to talk a big game about how the economy is doing well under his tenure so far. He also said early on in his presidency that he inherited a slew of problems from Obama. “To be honest, I inherited a mess,” Trump said in February. “It’s a mess. At home and abroad, a mess.”
Trump’s assessment couldn’t be further from the truth. In actuality, he inherited fair to good economic conditions from the Obama administration. And his policies have not done anything to improve our economic standing since Obama left. Any bragging on the part of Trump or members of his administration is misplaced, and they ought to give credit where it’s truly due…to President Obama.