ON THE RECEIVING END OF A STRONG ECONOMY – JANUARY 2017
The current administration ran a campaign on a false representation of the economy. The candidate claimed that the economy was a disaster, the unemployment rate was 42%, declared that he was the one who could fix it, could bring coal mining and manufacturing jobs back to the US and more. The candidate claimed that his administration would create 25M jobs and grow the economy at 4%. In fact the economy was very strong as of December of 2016 and exhibited continued strength in January of 2017.
Jobless Rate at 10-Year Low as Hiring Grows and Wages Rise
Read full May 2017 article for update and support for the premise that the Obama economy was strong. Currently Trump is taking credit for an economy that he did not create and one that he soundly criticized.
This is our baseline for the current administration. The economy under Obama began in a deep recession with huge loss of jobs and transitioned to a strong economy on an upward swing in eight years. The economy gained over 11,250,000 jobs, which is striking considering that the economy had to recover all the jobs lost during the recession and then gain ground and includes a decrease in Federal employment of over 375,000 jobs.