Trump: ‘GDP ... would have been minus 4%’ if Dems had won in 2016

Trump: ‘GDP ... would have been minus 4%’ if Dems had won in 2016
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President TrumpDonald John TrumpPolice say man dangling off Trump Tower Chicago demanding to speak with Trump Fauci says he was 'absolutely not' surprised Trump got coronavirus after Rose Garden event Biden: Trump 'continues to lie to us' about coronavirus MORE in a series of early morning tweets on Monday used the latest U.S. economic indicators to slam Democrats, claiming the "GDP ... would have been minus 4 percent" if they had won in 2016. 

"The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!" Trump tweeted, referring to the gross domestic product. 

"If the Democrats had won the Election in 2016, GDP, which was about 1% and going down, would have been minus 4% instead of up 4.2%," the president added. "I opened up our beautiful economic engine with Regulation and Tax Cuts. Our system was choking and would have been made worse. Still plenty to do!" 


The tweets echoed remarks made by the president at a campaign event on Friday in North Dakota, where he criticized former President Obama's attempts to take credit for the strong economy. 

"I think [Obama] was trying to take credit for this incredible thing happening to our country," Trump said, according to Fox News. "I have to say to President Obama, it wasn't him, and if the Democrats got in with their agenda ... instead of having 4.2 [percent GDP growth] up, you have 4.2 down, you'd be in negative numbers." 

Obama broke his period of relative silence with a speech last week, during which he offered his most scathing critiques of Trump so far. He hit Trump on as a "symptom" of "resentments that politicians have been capitalizing on for years."

“When you hear how great the economy’s doing right now, let’s just remember when this recovery started,” Obama said. “When you hear about this economic miracle that’s been going on, when the job numbers come out, monthly job numbers, suddenly Republicans are saying it’s a miracle."

"I have to kind of remind them, actually, those job numbers are the same as they were in 2015 and 2016," he added.

CBS News White House correspondent Mark Knoller noted on Monday that GDP reached 3.5 percent during Obama's last year in office.

A University of Michigan economics professor also pushed back on the president's claim that GDP rate is higher than the unemployment rate for the first time in more than a century.

--This report was updated at 8:55 a.m.