President Obama said Friday the unemployment rate dropping below 5 percent is proof that his economic recovery is working, and blasted Republican presidential candidates for “running down the economy.”
“We should be proud of the progress we’ve made,” Mr. Obama said during an appearance in the White House press room.
He chastised Republican presidential candidates for ignoring good economic news.
“The United States of America right now has the strongest, most durable economy in the world,” Mr. Obama said. “I know that’s still inconvenient for Republican stump speeches as their doom and despair tour plays in New Hampshire. I guess you cannot please everybody.”
The president even trumpeted the fact that gasoline prices are down, just a day after he announced his plan to charge a new fee on oil that could raise the price of gas by 25 cents per gallon.