Trump and Obama spar over economy as midterm polls near

Obama speaks to students at the University of Illinois Sept. 7 2018 in Urbana Ill

Kevin Hassett, chairman of the Council of Economic Advisers, on Monday told reporters President Donald Trump tweeted an incorrect claim that U.S. gross domestic product had surpassed the rate of unemployment for the first time in more than a century.

Gasparino was writing in response to a tweet from Wall Street Journal columnist Kimberley Strassel.

"The Economy is sooo good, perhaps the best in our country's history", Mr Trump tweeted on Monday, adding moments later that he had taken gross domestic product (GDP) growth over 4.2 per cent "and we will do much better than this".

Gasparino responded with a mix of snark and anger.

Hassett also addressed another erroneous tweet posted by the president, one where he claimed that former President Barack Obama had said "President Trump would need a magic wand to get to 4% GDP".

Obama prepares to speak to students at the University of Illinois Sept. 7 2018 in Urbana Ill
Scott Olson Getty Images Former President Barack Obama prepares to speak to students at the University of Illinois Sept. 7 2018 in Urbana Ill

Kevin Hassett, chairman of the Council of Economic Advisers, speaking in the White House press room, said he did not know how Trump obtained the false information. "It's the highest in 10 years".

Fox Business' daytime anchor Neil Cavuto has called out Trump on a number of occasions when the president has bashed the "fake news" and the "swamp". Trump said Monday in a posting on Twitter.

On Sunday, Trump said in a tweet that "the Stock Market is up nearly 50% since Election". "When you hear how great the economy's doing right now, let's just remember when this recovery started", he said in a speech kicking off a midterm campaign blitz.

At the time, Obama said, "He just says, 'Well, I'm going to negotiate a better deal.' Well, what, how exactly are you going to negotiate that?" "And usually the answer is, he doesn't have an answer". "I have to kind of remind them, actually, those job numbers are the same as they were in 2015 and 2016", he said in an address in IL.

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