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U.S. President Donald Trump claims credit for "the greatest ever" economy, and constantly contrasts economic conditions today with the historically weak recovery under President Barack Obama. With growth this year over 3 percent, unemployment at 3.7 percent, and more job openings than unemployed people, the economy has greatly improved on Trump's watch. Meanwhile, Obama, too, claims credit for the strong economy, arguing that his policies prevented a far worse downturn following the 2008 financial crisis. For example, President Ronald Reagan inherited double-digit inflation from Carter.Finally, Obama inherited the financial crisis and the subsequent Great Recession.Obama has also claimed that nobody knew how bad the Great Recession was going to be.Obama seems to have conveniently forgotten that his first term budgets repeatedly estimated growth above 4 percent for the next several years. As a result, when Trump came to office, he inherited a national debt that had doubled on Obama's watch, rapidly rising interest rates and unfunded Social Security and Medicare costs.
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