DNC on Economic Confidence in Trump Slipping

Following reports that the U.S. economy expanded at a slower rate in April-June than the White House and Trump promised, DNC spokesperson Daniel Wessel Released the following statement:

“The White House promised the economy would grow at a 3 percent growth rate, and Trump promised it would grow between 6 and 7 percent. Today’s numbers show that this is yet another promise Trump has not been able to deliver on. Instead, we have continued to see the steady economic growth that started under President Obama’s economic policies.

“Trump’s presidency has been plagued by scandal, infighting and inaction. He has done little to help boost the economy or create jobs as he promised, and the American people are taking note, as confidence in his ability to deliver is slipping.”

There is no Trump bump.

NPR: Why The 'Trump Bump' Hasn't Happened

“The Trump administration's promise to turbocharge economic growth has yet to be fulfilled…”

Economic confidence in Trump is slipping.

Washington Post: “For the first time in his presidency, more Americans disapproved of how he was managing the economy than approved, according to the poll.”

Washington Post: “Trump had hoped to be an economic savior for many. Faith in his ability to do that is slipping.”

Economic growth is slower than what it was in five separate quarters over the final four years of the Obama administration.

NPR: “In the final four years of the Obama administration, there were five quarters in which growth surpassed the 3 percent annual rate.”

Auto industry job growth declined after seven straight years of growth under the Obama Administration.

Detroit News: “After seven straight years of employment growth, the number of workers in the auto industry declined over the past year.”

Trump and the Republicans inability to get anything done caused the U.S. dollar to tumble.

Financial Times: “Since then, policy developments have been terrible for the dollar. There is nothing on infrastructure, no tariffs — and the failure to do anything about healthcare raises the once unimaginable risk that Republicans might not even be able to agree on a tax cut. “