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Former President Barack Obama appeared to take a rare political jab at his successor in a tweet Monday that cast aspersions on President Trump’s claims that he deserves credit for recent economic gains, a key reelection platform for the 45th president.
The tweet was a rare swipe at Trump by Obama, who has largely stayed out of the 2020 election cycle. Obama has yet to endorse any candidate seeking the Democratic presidential nomination, but his input about the economy nonetheless provides ammo to the entire field as they seek to counter Trump’s 2020 campaign, which has been touting record economic growth in the face of controversies such as the Russia investigation and impeachment.
The article goes on to state the following:
Trump often touts the low unemployment numbers while on the campaign trail, but Democrats and other critics have pointed out that the decline in unemployment started while Obama was president.
“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.”
Obama included a picture of his signature on the 2009 stimulus package.
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
According to the report, the Gross Domestic Product growth rate was -2.5% in 2009, the year Obama took office. It rebounded to 2.6% in 2010 and has increased each year since.
“In January this year, the unemployment rate was 3.6%. It was more than fifty years ago, in December 1969, when the unemployment rate was lower at 3.5%,” BBC reported. “As for the numbers in employment, almost seven million more people were recorded as employed in January this year than when Mr Trump was elected in November 2016.”
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