President Trump fired back at former President Barack Obama for taking credit for the recent economic gains, calling it the “latest con job.”
In a tweet Monday, Presidents Day, Obama said it had been 11 years since he signed the Recovery Act and claimed that this stimulus package allowed for the country’s longest-running streak of job creation, which stretches into the present.
Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history. pic.twitter.com/BmdXrxUAUf
— Barack Obama (@BarackObama) February 17, 2020
“I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history,” Obama said.
Trump fired off a tweet in response, claiming that the Obama administration presided over the “WEAKEST recovery since the Great Depression.”
[Also read: Bigger than Vindman: Trump scrubs 70 Obama holdovers from NSC]
Did you hear the latest con job? President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration. He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing. NOW, best jobs numbers….
— Donald J. Trump (@realDonaldTrump) February 17, 2020
“President Obama is now trying to take credit for the Economic Boom taking place under the Trump Administration. He had the WEAKEST recovery since the Great Depression, despite Zero Fed Rate & MASSIVE quantitative easing,” Trump tweeted.
….ever. Had to rebuild our military, which was totally depleted. Fed Rate UP, taxes and regulations WAY DOWN. If Dems won in 2016, the USA would be in big economic (Depression?) & military trouble right now. THE BEST IS YET TO COME. KEEP AMERICA GREAT!
— Donald J. Trump (@realDonaldTrump) February 17, 2020
During the Great Recession, which began under President George W. Bush, the unemployment rate surged and peaked at around 10% in 2010 before it began a steady fall under Obama. The downward trend has continued under Trump. The unemployment rate as of January sits at a low 3.6%, with 225,000 new jobs added that month.
