Eric Trump Gets Taken To School Over Economic Growth Boast
Eric Trump earned derision on Twitter Thursday for an out-of-context boast about the growth of the U.S. economy.
President Donald Trump’s son bragged about the 33.1% GDP rise in the third quarter with this post:
🚨🚨🚨 Third Quarter GDP grew by 33.1%! 🔥🔥🔥
— Eric Trump (@EricTrump) October 29, 2020
Twitter users filled in the gaps.
Critics highlighted how the recovery from this year’s economic crash caused by the coronavirus pandemic is far from complete — with the unemployment rate still at 7.9% ― and noted that the recession-plagued economy now appears to be weakening again as a third wave of the crisis rages across the country.
Yes it did BUT it lost 30% the quarter before. Looks like a 0% gain over two quarters. Booming economy 😂
— Stephen Smith (@stphnsmth777) October 29, 2020
It's not really growth. We are still far from catching up
— LauraHubka 💙 USN. healthcare prof. #Resist (@LauraHubka) October 29, 2020
Second quarter contracted 33%
Net gain one tenth of one percent#EnoughIsEnough https://t.co/83GqAFK2LA— Randi Rhodes (@RandiRhodes) October 30, 2020
🚨🚨🚨Best con ever!!! A thief returns $50 of the $100 he stole and says you made a 50% profit! Sell this BS somewhere else
— Fire the Liar (@JayashreeNara14) October 29, 2020
And so where does that put us overall since Jan ‘17? Go ahead. We’ll wait.
— Rob Sand (@RobSandIA) October 29, 2020
Not so hard to do when it drops 40% Eric...
— USED TO BE G.O.P. (@Used_To_Be_GOP) October 29, 2020
Yes, but that does not help the folks still out of work, those small businesses are not suddenly re-opened. The virus is still out of control, the Senate went home doing nothing to help the people who need it, this is just regaining a small part of what we have lost. Vote Joe
— BOO Sue Voted BlackLivesMatter VOTE (@SueBanski) October 29, 2020
Hey Eric, if you lose $100Million but then gain back $50Million, are you UP by $50Million, or DOWN by $50Million?
— Vote Blue 2020! Keep fighting. (@speerwerfer) October 29, 2020
This is what happens when you get your math degree at Trump University.
— Steffer🙄 (@srecobo) October 29, 2020
Still -4% off late 2019 numbers and that 33% is an annualized number based on the 3rd quarter growth trying to bounce back from 2nd quarter losses. So not really anything to write home about.
— Sondrah Laden (@sladen123) October 29, 2020
Aw bless you Eric you don’t understand economics do you, maybe you should stick to the easy lessons like potty training ..
— Richard Fenton (@RichFenton) October 29, 2020
There are still 22 million collecting unemployment.
— Honorable Guilded Dirigible (@Memers08) October 29, 2020
People are still out of work
225,000 dead
Food bank lines are hours long
Covid testing sites are hours long— I am Sam (@sammierose45) October 29, 2020
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This article originally appeared on HuffPost and has been updated.
