In an interview today with CNBC, White House economic adviser Gary Cohn admitted that February’s strong jobs growth is actually not attributable to new President Donald Trump.
Cohn pointed out that all of the promises of adding more American jobs that Trump has been obtaining from various corporations haven’t happened yet. The promises have been extracted, but the workers haven’t been hired.
When Trump’s own staffers admit that Obama’s economic policies worked and Americans across the country reaped the benefits, you know that his success is undeniable.
While Obama inherited the worst recession in American history since the Great Depression, Trump has inherited a strong, stable economy. Unemployment is below 5% and the economy has been adding 2.4 million jobs per year since 2010.
Real wages have increased too, meaning that workers’ paychecks buy more than they used to.
Let's hope that the economy continues to grow under Trump so that all Americans can thrive. However, we are skeptical. Most of all, we will not sit by and let Republicans claim credit for growth that remains Obama’s strongest legacy.
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