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Steve Rattner: Less Job Creation Under Trump Than Obama | Morning Joe | MSNBC

Steve Rattner: Less Job Creation Under Trump Than Obama | Morning Joe | MSNBC
all right 27 past the hour this week President

Trump

called President

Obama

a con job for simply tweeting about the Recovery Act

Steve

Rattner

has another fact check facts are always good English response to the president's tweets gloating about the economy so

Obama

the

Obama

recovery yes 11 years in the president's not very good on facts so we try to do our best here to make up for that you guys had a good run at it yesterday and I wanted just to start with that tweet that you put up yesterday and then pivot from there and I just want to focus on the parts highlighted in yellow where he says that he now has the best jobs ever and so if we take a look at his actual jobs record what you will see in fact that not only does he not have the best jobs record at record ever you know he does not have the best jobs record including even President

Obama

if you look at job

creation

under

Obama

since the recovery began in the fall of 2010

Obama

created 200 1000 jobs a month if you look at what

Trump

has done in his first three years he's created 123 182,000 jumps a month jobs a month so 10%

less

job

creation

under

Trump

that under

Obama

and if you want to see us right wait wait wait wait wait a second

Steve

I'm confused waits because I read the

Trump

tweet and he said that he had the best job gains ever right but I'm looking at these charts that come from Donald

Trump

's government statistics his own administration and this is saying that Barack

Obama

did 10%...
steve rattner less job creation under trump than obama morning joe msnbc
better on jobs - Donald

Trump

Trump

did not even have the best jobs record of the 21st century let alone any centuries that preceded it and you can see that really starkly on the next slide which simply sums this up and basically says that over the last thirty six months of

Obama

compared to the flavored blue is the blue is

Trump

right is

Trump

the blue

Trump

no we're sticking to the traditional colors blue for the Dems red for the Republican and so over a 36 month period under but this says the

Trump

is 1.5 million workers behind but

Trump

just said this week that he had the best job record that this this shows and it's the Bureau of Labor Statistics at Donald

Trump

runs and I hope he doesn't fire them I don't understand can you explain the answer the simple answer is that

Trump

has taken creative Liberty shall we say with the numbers in his tweets and he does it all the time job we know the 15,000 lies you're seeing an example of that that that his jobs record is not even as good as

Obama

's to the tune of 1.5 million jobs over the same 36 month period I'm not taking all of

Obama

and comparing it to

Trump

just exactly the same last 36 months of

Obama

first 36 months of

Trump

1.5 2 million fewer jobs under

Trump

well and then if you turn to another claim that was in that tweet where he talked about the greatest economy ever this is I pulled this quote from another place what it's the same idea he's saying we're gonna get GDP to go to...
steve rattner less job creation under trump than obama morning joe msnbc
four or five even six percent this is what he said after his tax cut was Bill was passed in the fall of 2017 what's the reality the reality is that job growth has only poked its head above three percent four times there's been no four percent there's been no five percent there's been no six percent and in fact if you look at

Trump

's GDP numbers on an annual basis they have been decelerating from 2.8 percent in the 2017 to 2.5% in 2018 last year down to 2.3 percent and the private sector thinks it'll be more like 2% this year so not don't rear stand I don't understand because like your Donald promised us that if we passed these tax cuts we might get up to four five six percent GDP growth and further compounding the confusion is the fact that Donald

Trump

and a lot of people the media say this is just the best economy ever and yet I saw a chart a few days ago that Axios reprinted again based on Donald

Trump

's own numbers from Donald

Trump

's administration that if you take the last ten presidents and their record on GDP Donald

Trump

is in sixth place out of ten presidents so actually not only is this not the best ever he's in like the bottom half of the class again that is simply a fact is GDP numbers in the low kind of low two percent range are nothing about it but I would make even a broader point show which is that it is really hard and and I'm trying to be intellectually honest it is really hard to think of things Donald

Trump

...
steve rattner less job creation under trump than obama morning joe msnbc
has actually done to make the economy better we had a tax cut that created a sugar high we got some growth for a couple quarters then it tailed off created some investment investment is now negative in this country the trade war obviously devastated the agricultural sector caused all signs of caste manufacturing jobs are being lost today in all of the swing states that are going to be important in the election so when you boil it all down but the question is what did Donald

Trump

actually do to make the economy better or is this in fact as President

Obama

suggested in his tweet on Monday a continuation of a very long very long recovery that we've had since the great financial crisis you know the good news is amico that even though he's in the bottom half the class for the last ten presidents is GDP has grown more slowly than five of you look at it here he's just doing terrible unfortunately in that category he's doing bad on jobs if you're comparing to Barack

Obama

Barack

Obama

it's last three years even more effective than the first three years of Donald

Trump

's administration at least you know he promised that he was going to not only balance the budget but that he was going to pay off the federal debt at least he's got that going well former presidential candidate Mark Sanford has an op-ed in The New York Times as the way he doesn't I'm sorry what thanks for checking out MSNBC on YouTube and make sure you subscribe to stay up-to-date...
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Joe and MSNBC thanks so much for watching