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'Morning Joe' analyst: Economic numbers have 'nothing to do with Donald Trump'

'Morning Joe' analyst: Economic numbers have 'nothing to do with Donald Trump'
© StevenRattner.com

"Morning Joe" economic analyst Steve Rattner on Tuesday said that solid job and growth numbers have "nothing to do with Donald TrumpDonald John TrumpAccuser says Trump should be afraid of the truth Woman behind pro-Trump Facebook page denies being influenced by Russians Shulkin says he has White House approval to root out 'subversion' at VA MORE" in a panel discussion on if the president deserves credit on the economy.

Rattner, who served in the Obama administration in 2009 as lead adviser to the Presidential Task Force on the Auto Industry, argued that Trump doesn't deserve credit in most economic areas outside of business and consumer confidence "given that he has not passed any laws."

"There is a long lag between when any president comes in and when anything happens, and especially given that he has not passed any laws," said Rattner. "So if you separate it out, to be honest, there are rises in business confidence and rises in consumer confidence. I think you would give Donald Trump some credit for that. But these jobs numbers, the growth numbers, this has nothing to do with Donald Trump."

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The conversation comes after Trump tweeted on Sunday that the media "spends as little time as possible" covering positive economic news.

"Things are going really well for our economy, a subject the Fake News spends as little time as possible discussing! Stock Market hit another RECORD HIGH, unemployment is now at a 17 year low and companies are coming back into the USA. Really good news, and much more to come!" the president tweeted. 

 

With unemployment at a 17-year low, the stock market at record highs and gross domestic product (GDP) eclipsing 3 percent for two consecutive quarters, the president's handling of the economy is one of the few areas Trump receives higher positive marks than negative.

A Sunday Wall Street Journal–NBC News poll shows 42 percent of Americans approving of his handling of the economy and 37 percent disapproving.

The same poll showed Trump at 38 percent overall job approval with 58 disapproval.