Obama poked Trump on the economy. Trump took the bait.

Former President Barack Obama celebrated Presidents' Day — or "President's Day," as President Trump tweeted Monday — by subtweeting his successor on the economy.
Trump has been touting the economy in his pitch for re-election, often employing exaggeration, and he got Obama's message.
That could have been the end of it, but Trump is not known for letting things go. So on Tuesday, Trump's trade adviser Peter Navarro, a key proponent of Trump's trade war with China, went on CNN to explain how Trump's economy is much stronger than Obama's. CNN's Poppy Harlow noted that Obama topped 4 percent GDP growth four times while Trump is yet to hit 3 percent, and he created more jobs on average during his second term than Trump has during his first.
Subscribe to The Week
Escape your echo chamber. Get the facts behind the news, plus analysis from multiple perspectives.

Sign up for The Week's Free Newsletters
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
From our morning news briefing to a weekly Good News Newsletter, get the best of The Week delivered directly to your inbox.
Navarro was undeterred. "Back in the Obama-Biden years, it was horrible," he said, listing some talking points until Harlow finally broke in, noting the data doesn't support his argument. "You can look at your numbers, but I lived that," Navarro replied. "The numbers are the numbers, Peter," Harlow said. "This is all politics," Navarro concluded.
Axios took its own look at the numbers and ranked Trump's economy No. 6 out of the last 10 presidential administrations, based on average GDP growth, "the most comprehensive economic scorecard — and something presidents, especially Trump, use as an example of success." Presidents have limited control over the economy, but the average GDP growth under Trump is higher than under Obama, and "some aspects of the Trump economy, like wage growth and business investment, pale in comparison to other periods," Axios notes.
"Unlike other presidents, Trump inherited a steady economy that's since entered the longest stretch of growth in history," Axios says. "Interest rates remain low. Growth picked up in the wake of the 2017 tax cuts, but now the pace has moderated," hitting 2.3 percent in 2019. The juice from Trump's $1.5 trillion tax cut is wearing off and "businesses were too unnerved by the trade war to spend money on new factories or equipment — a key driver of growth," Axios reports. If consumer spending drops, watch Obama's twitter feed.
Sign up for Today's Best Articles in your inbox
A free daily email with the biggest news stories of the day – and the best features from TheWeek.com
Peter has worked as a news and culture writer and editor at The Week since the site's launch in 2008. He covers politics, world affairs, religion and cultural currents. His journalism career began as a copy editor at a financial newswire and has included editorial positions at The New York Times Magazine, Facts on File, and Oregon State University.
-
Business booms 'bigly' for Trump impersonators
Under The Radar 'Insane' demand for presidential doppelgangers at parties, golf tournaments – even children's birthdays
By Chas Newkey-Burden, The Week UK Published
-
When the insurer says ‘no’
Feature Health insurance companies appear to be denying a growing share of patient claims. Why?
By The Week US Published
-
Foreign aid: The human toll of drastic cuts
Feature The assault has 'stunned' nonprofits whose efforts to fight hunger, disease, and instability are now shuttering
By The Week US Published
-
Crafting emporium Joann is going out of business
Speed Read The 82-year-old fabric and crafts store will be closing all 800 of its stores
By Peter Weber, The Week US Published
-
Trump's China tariffs start after Canada, Mexico pauses
Speed Read The president paused his tariffs on America's closest neighbors after speaking to their leaders, but his import tax on Chinese goods has taken effect
By Peter Weber, The Week US Published
-
Chinese AI chatbot's rise slams US tech stocks
Speed Read The sudden popularity of a new AI chatbot from Chinese startup DeepSeek has sent U.S. tech stocks tumbling
By Peter Weber, The Week US Published
-
US port strike averted with tentative labor deal
Speed Read The strike could have shut down major ports from Texas to Maine
By Peter Weber, The Week US Published
-
Biden expected to block Japanese bid for US Steel
Speed Read The president is blocking the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns
By Peter Weber, The Week US Published
-
Judges block $25B Kroger-Albertsons merger
Speed Read The proposed merger between the supermarket giants was stalled when judges overseeing two separate cases blocked the deal
By Peter Weber, The Week US Published
-
Rupert Murdoch loses 'Succession' court battle
Speed Read Murdoch wanted to give full control of his empire to son Lachlan, ensuring Fox News' right-wing editorial slant
By Peter Weber, The Week US Published
-
Bitcoin surges above $100k in post-election rally
Speed Read Investors are betting that the incoming Trump administration will embrace crypto
By Peter Weber, The Week US Published