nwtk2007 wrote:
Obama said Trump would need a magic wand to get growth above those current levels. He also asked where Trump was going to find the jobs he planned on producing. I don't have a link.
This has been aired about 100 times, it starts from a false claim by trump about a comment made by President Obama in 2016 or 2015..
read it and absorb the truth and keep it in you mind..
https://thehill.com/policy/finance/405878-trump-bashes-obama-for-2016-magic-wand-comment-about-economyIn a Monday tweet, Trump misquoted Obama’s June 2016 criticism of his economic agenda that came shortly after Trump had all but officially clinched the Republican presidential nomination.
Trump quoted Obama as saying “President Trump would need a magic wand to get to 4 percent GDP” at a PBS Newshour town hall event in 2016.
“'President Trump would need a magic wand to get to 4% GDP,'” stated President Obama,” Trump tweeted. “I guess I have a magic wand, 4.2%, and we will do MUCH better than this! We have just begun.”
Facts are---------
Trump appeared to be referencing remarks Obama made about manufacturing employment, not economic growth, during the 2016 town hall.
During the town hall event, Obama referenced Trump's promise to woo American companies into manufacturing goods in the U.S. without saying the then-candidate's name.
“Well, how exactly are you going to do that? What exactly are you going to do? There’s no answer to it,” Obama said, referring to Trump's campaign rhetoric.
“He just says, 'Well, I’m going to negotiate a better deal.' Well, what, how exactly are you going to negotiate that? What magic wand do you have? And, usually, the answer is he doesn’t have an answer.”
Trump was also criticized during the 2016 campaign for pledging to increase the annual growth rate to 4 percent of gross domestic product (GDP), a pace not experienced in the U.S. since 2000.
Many mainstream liberal and conservative economists said the U.S. was far too developed to sustain 4 percent annual growth and said the country’s long-term growth rate would be closer to 2 percent of GDP.