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Were. when we were -- when i took over we were teetering. we were in bad shape. we were going down to minus 4, minus 5 in gdp. instead last quarter we hit 4.2%. and we are -- we are doing very well. >> look, he took over from your former boss so i'm going to ask you, what is fact and what is fiction there? >> well, i don't know if he had too much cranberry sauce or something. those are complete -- except for the 4.2%, all the rest of that was completely made up numbers and non-facts. we weren't teetering. the gdp was not negative whatever percent. all of that is made up. so, look, i hope that ...

Well. >> no. in the fourth quarter of 2016 the last quarter that barack obama was president the gross domestic product grew 2.1% after 11 straight quarters of growth. you know, ron, there are ways of interrupting the economy. >> yep. >> differently. >> sure. >> that's not one of them. >> say it was below potential. >> could have been better. >> could have been better. >> he said it was going down minus 4%, minus 5%, minus 6%. it was going up 2%. >> the commerce department that the president runs is arbiter of gdp figures and easily identifiable as being false. >> right. >> as you say 11 quarte...

>> reporter: that's impressive. >> my contribution to the economy. good to see you, jo ling kent for us in california. i'm not the pride of black friday but i like to do my part. stocks continued to fall today. trading open half a day today. a volatile week on the market. pretty volatile day, too. the dow dropped, capping off the worst week's decline since 2011 after president trump made yet another false claim about the economy that he inherited. >> we are a true economic power. far greater than we were before i became president. we are an economic power that is far greater than we were. wh...

Said has been a lie. when i took over, we were going down to minus 4, minus 5, minus 6%. that's not truth discounted by 50 or 75%. that's not misinformation. it's not misspeaking. it's an absolute lie. president trump with another lie about the economy he inherited. it grew by 2.1% in 2016's fourth quarter. that's plus 2.1%. that's a lie of at least 6% or 8% depending on which one of the president's lies you want to listen to. that'st the end of obama's time in office. i am joined now. gene, what do you make of this in this isn't a matter for debate. i love to debate people who have other poli...

Xi. we have a great relationship. i like him a lot. i think he likes me. probably likes me less now than he did before we did what we're doing. but we picked up trillions of dollars in value, and china has lost trillions of dollars in value since i'm president. trillions. many trillions of value. we have picked up many trillions of dollars in value. and we are a true economic power, far greater than we were before i became president. we are an economic power that is far greater than we were -- when we were -- when i took over, we were teetering. we were in bad shape. we were going down to minu...