Tag Archives: struggles

Trump struggles to explain why Obama’s jobs numbers were better than his

Trump struggles to explain why Obama’s jobs numbers were better than hisDonald Trump has repeatedly struggled to explain why the number of jobs created during his presidency compared unfavourably with the new employment figures under Barack Obama.Presented with a chart which depicted the unemployment rate from the peak of the recession, the president was asked to account for slower rate of job creation since he entered the White House.In the interview on NBC’s Meet the Press – after Mr Trump had claimed his economy was “great” – Chuck Todd said: “Your economy is great. I’m not saying it’s not great.“But this recovery started and in the 28 months that you’ve been president and the last 28 months of Obama’s presidency, he averaged more new jobs than your first 28.”Mr Trump initially responded by claiming that Mr Obama started with a “bad base”. He was then asked if his jobs numbers were merely a continuation of those under his predecessor.Mr Trump said: “Yeah, but Chuck, you have to understand, nobody was working. The whole place was a disaster. And I don’t – I’d never take that away.”Mr Trump continued to attempt to explain, he said “But it’s very easy — because when that turned around they pumped a tremendous amount of money into the economy.“He also had a Federal Reserve person who kept the interest rates low. I don’t. I don’t have that privilege.” Mr Todd retorted: “Sounds like you do now. Do you feel like you have sent the threat, your threat to demote him, do you think that’s had an impact?” The president dismissed suggestions he had threatened to demote Federal Reserve Chairman Jerome Powell, which Mr Todd questioned, saying: “There’s been some talk that you might demote him to the number two slot.”Mr Trump responded: “Well, I’d be able to do that if I wanted but I haven’t suggested that.“No, no, I have the right to do that. But I haven’t said that. What he’s done is $ 50 billion a month in quantitative tightening. That’s ridiculous. What he’s done is he raised interest rates too fast.”Mr Todd then asked the president if he was concerned that the raised interest rates would harm his chances at re-election.“I think the economy’s so strong we’re going to pull through it,” Mr Trump said.“But I’m not happy with his actions. No, I don’t think he’s done a good job. I think this, if he didn’t raise rates Obama had very low rates. So Obama was playing with funny money. I wasn’t. I’m playing with the real stuff.“Obama had somebody that kept the rates very low. I had somebody that raised the rates very rapidly. Too much. He made a mistake.“That’s been proven. And yet my economy is phenomenal. We have now the best economy, maybe in the history of our country. One — just to finish off, when I took over, this country, the economy was ready to collapse. You take a look at the numbers. It was ready to collapse.”Mr Todd suggested the numbers indicated the economy was stronger than the president implied, saying: “I just showed you the numbers. It was not ready to collapse.”Mr Trump disagreed: “You showed me unemployment numbers. Excuse me. Take a look at your GDP, take a look at your jobs, take a look at your optimism.“Take a look at all of the charts. When I took over from election day on, I mean, you show me one chart which, where I did. Take a look at some of the optimism charts and everything else. It went from 57 to 92. Nobody’s ever seen anything that right after I won.”Mr Todd conceded that job optimism was at a higher rate after Mr Trump was elected, but still maintained that his jobs numbers were lower than those of his predecessors. Mr Trump replied: “Well, optimism is a big part of success in business.”



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Sri Lanka Struggles to Come to Terms With the Implications of the Easter Sunday Bombings

Sri Lanka Struggles to Come to Terms With the Implications of the Easter Sunday BombingsWith the 2009 ending of the civil war, Sri Lankans thought they had put strife behind them



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Skyfall: Another budget airline goes down as sector struggles

Skyfall: Another budget airline goes down as sector strugglesIceland’s budget carrier WOW Air collapsed on Thursday, the latest in a string of low-cost airlines to go under after the fiercly competitive industry suffered from rising fuel prices last year. WOW Air, which transported more than a third of people travelling to Iceland, ceased operations and cancelled all its flights on Thursday after failing to find investors to save it from going under. In February Berlin-based airline Germania, which transported more than four million passengers a year, cancelled its own flights and filed for bankruptcy.



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Pound stabilises but struggles to rally after Brexit delay deal

Pound stabilises but struggles to rally after Brexit delay dealThe pound edged up Friday but was struggling to claw back its latest losses after the EU gave Britain a Brexit deadline extension, while equity markets mostly rose on a positive lead from Wall Street. Equity dealers were treading warily as they weighed an indication from the Federal Reserve that borrowing costs will not rise this year with concerns about the slowing economy and stuttering China-US trade talks.



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New Zealand struggles to answer 'why' in wake of massacre

New Zealand struggles to answer 'why' in wake of massacreThe word repeated over and over across New Zealand is "Why?"



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Rep. Alexandria Ocasio-Cortez struggles to defend Rep. Omar

Rep. Alexandria Ocasio-Cortez struggles to defend Rep. OmarThe freshman Democrat lawmaker calls the anti-Semitism controversy a 'learning experience.



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Venezuela crisis: Eight tons of gold removed from central bank as Maduro government struggles to raise funds

Venezuela crisis: Eight tons of gold removed from central bank as Maduro government struggles to raise fundsAt least eight tons of gold were reportedly removed from the Venezuelan central bank’s vaults by government officials last week, as President Nicolas Maduro seeks to raise capital amid tightening sanctions. The gold was removed in government vehicles between Wednesday and Friday last week, when there were no regular security guards present at the bank, according to a report by Reuters. The news agency said the information came from economist and National Assembly representative Angel Alvarado as well as “three government sources”.



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Wall debate obscures other struggles at the border

Wall debate obscures other struggles at the borderSAN DIEGO (AP) — In Washington, it's all about the wall. At the border, it's only part of the story.



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33 Funny Tweets About Christmas Tree Struggles, From Exhausted Parents

33 Funny Tweets About Christmas Tree Struggles, From Exhausted ParentsThe holiday season can be a trying time. Parents in particular face the stress



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India struggles to recover American killed by tribe

India struggles to recover American killed by tribeIndian authorities said Thursday that it may take “some days” to recover the body of an American killed in a hail of arrows shot by a tribe untouched by modern civilisation. John Allen Chau, 27, was attacked as he set foot last week on the remote North Sentinel Island, one of the Indian Andaman Islands in the Bay of Bengal that is off limits to visitors, according to police. Dependra Pathak, the head of the region’s police, told AFP that authorities sent a helicopter to the area and then a ship to identify where the incident took place.



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