Thread by @aaronsojourner

@realDonaldTrump @foxandfriends No. You just changed your talking point (green text). The job-growth trend (blue line), not so much.

Your administration was born on 3rd base & you want to con us into thinking you hit a triple. Americans aren't falling for it. #NoFool

@realDonaldTrump @foxandfriends Job growth has basically just continued on the inherited trend. But slowed a little.

@realDonaldTrump @foxandfriends Same story with the unemployment rate. It's low & that's wonderful.

It's low thanks to progress so steady over so many years. Check out the trend over the last 12 years. Inherited progress has slowed.

@realDonaldTrump @foxandfriends Check out the trends in the numbers of jobseekers (red line) & job seekers (blue) since 2000. Same story. They improved steadily since 2010, but the progress has slowed.

Job openings stopped growing almost a year ago. They're down since Jan.

@realDonaldTrump @foxandfriends Most people working because we have the largest population ever. Not meaningful. Just a con.

It's better to look at the share of adults employed. Same story. Progress so steady for years after 2013.

But the progress stalled a few months ago. Nothing to brag about. #NoFool

@realDonaldTrump @foxandfriends This chicken can claim it is doing an awesome job driving because it inherited the wheel when momentum's going the right direction.

When circumstances require more than squawking and preening, reality will be clear.

@realDonaldTrump @foxandfriends All our decisions together produce the economy. It doesn't change when the resident of the White House does.

So we shouldn't judge POTUSs on the state of the economy.

We should judge them on how they use the power of their office & the consequences of those choices
#priorities

@realDonaldTrump @foxandfriends Beyond coasting on inherited trends, you've managed 1 big econ policy change: Dec 2017 #TCJA tax law. It gave a massive gift ($$ requiring no behavior change) to company owners.

Profits soared. That's what making a big impact looks like. #priorities

@realDonaldTrump @foxandfriends #priorities
forbes.com/sites/ashleaeb…

@realDonaldTrump @foxandfriends Profits up. Stocks up. Profits go to the owners of companies. Who owns companies?

@realDonaldTrump @foxandfriends Average hour of work buys 1.5% more now than a year ago (blue-red).

That's slower real wage growth for workers than a few months ago, slower than 2015 and much of 2016.

Wage growth at 3.1% over the last year (blue).
Consumer price inflation at 1.6% (red).

@realDonaldTrump @foxandfriends While #TCJA boosted company owners' profits directly, workers got lots of PR & promises.
forbes.com/sites/stevenro…

@realDonaldTrump @foxandfriends Instead of #TCJA's tax changes that concentrated benefits among the richest Americans (dark red) & foreign investors (yellow), we could have tax changes that benefit Americans broadly.

@iteptweets analyzed 5 alternatives.
#priorities
itep.org/taxcreditpropo…

@realDonaldTrump @foxandfriends @iteptweets Those foreign investors tho.
#priorities

https://twitter.com/crampell/status/1153283802959159297

@realDonaldTrump @foxandfriends @iteptweets #TCJA added $1.5+ trillion in planned borrowing to the national debt & spending agreements added more. This helped create Keynesian fiscal stimulus, the most since the Great Recession.

This goes a long way to explaining the acceleration in GDP growth.

brookings.edu/interactives/h…

@realDonaldTrump @foxandfriends @iteptweets Even when you’re sitting pretty thanks to what you inherited, the world can be unforgiving when we lose focus.

@realDonaldTrump @foxandfriends @iteptweets You promised 4% GDP growth & we are falling short.

@realDonaldTrump @foxandfriends @iteptweets You promised we'd add 25 million jobs over the next decade, that's a 2.5 million/year pace.

In the 30 months after Dec '16, the economy's job growth pace = 2.35 million/year

In the prior 30 months, it was 2.63 million/year

We are below the promised pace & the inherited pace