President Trump has taken the bait — just like all presidents do.

With attacks coming from both sides of the aisle, Trump has pumped up his chest and declared “highest stock market EVER, best economic numbers in years, unemployment lowest in 17 years, wages rising, border secure: No WH chaos.”

That was a tweet from the other day. And it is one that Trump might repeat tomorrow after the employment figures for July are posted by the Labor Department.

The “experts” expect job growth of 180,000 and the unemployment rate to fall to 4.3 percent from 4.4 percent. I myself don’t have a guess this month because the numbers are too unpredictable this time of year.

If July’s job growth is near the anticipated 180,000, it will aid the president in the one area that people really care about — their wallets. It will also help extend a winning streak on jobs that goes back only to March.

In the past three months, the average monthly job gains have been 194,000. Not great, just average.

The trouble is that Trump may soon have to eat his tweet. Despite the job figures and what Wall Street might want you to believe, the economy isn’t doing very well.

While the nation’s gross domestic product did grow at an estimated 2.6 percent annual rate in the April to June quarter, the GDP was revised lower — to just a 1.2 percent annual rate — in the first quarter.

Put the two quarters together and economic growth has been an anemic 1.9 percent so far this year. Plus, sales in the auto business, one of the biggest employers in the nation, are collapsing and other industries are showing weakness.

And remember, those modestly good job figures could be the result of seasonal quirks that could reverse during the summer months into the fall.

Trump is definitely correct in saying the Dow Jones industrial average is the highest ever . But many, many people think there’s a bubble. And if Trump is betting on a bubble continuing, he better have more luck than he did during his casino-operating years in Atlantic City.

Just in case you think I’m reading the economic data with a pessimist’s eye, you should know that my view is the same as that of Stanley Fischer, vice chairman of the Federal Reserve. In Rio the other day, Fischer said that low interest rates were “a powerful signal that the growth potential of the economy may be limited.”

Fischer is apparently the only honest member of the Fed. He cited the Congressional Budget Office estimate that the potential for economic growth is probably closer to 1.5 percent a year than the 3 percent Trump wants.

Fischer should be made the next Fed chair. It would be nice to have a straight talker in that job.