Political Quotes

On the recordJanuary 30, 2018
tonight the President will address a joint session of Congress in his first official State of the Union. I want to talk about what I expect the President to say and also what I suspect he will not. The President will be eager to defend the accomplishments of his nascent administration and take credit for a healthy American economy, pointing to low unemployment, job growth, and a soaring stock market, but the truth is, these trends were present before Donald Trump took office. President Trump was handed an already healthy economy by his predecessor. Like many things in his life, he inherited the healthy economy. Here are two words we will not hear President Trump say tonight about the economy--thanks, Obama--because much of the growth in 2017 was created by President Obama's policies and, by many measures, the growth under President Obama was better than under President Trump. Under President Obama, employment was driven from over 10 percent down into the fours. The tightening of the labor market finally started to reverse the stagnancy of median income. The stock market President Trump often touts on Twitter was booming under President Obama as well. In President Trump's first year, the economy created 2.06 million jobs. That is less than the 2.24 million jobs created in 2016, the last year of Obama's term. Again, President Trump, President Obama created more jobs in the last year of his term than you created in the first year of yours.…
Said by
Chuck Schumer
Democratic · New York
Source
govinfo.gov
Jan 30, 2018

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