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president of u.s. lies about economy

dherd

Platinum Buffalo
Feb 23, 2007
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THE FACTS: Well, one thing it means is that job creation has slowed a bit compared to its previous pace. Trump is right that U.S. companies have added 3.4 million jobs in the 18 months since his election, a healthy total. But in the previous 18 months, 3.7 million jobs were added. That's not entirely surprising or a sign of a weakening economy — job gains typically decline as the unemployment rate falls and there are fewer people to hire. The unemployment rate is currently at an 18-year low of 3.8 percent. But Trump's remarks suggest there has been a turnaround in job creation, when there hasn't.
TRUMP: "We have created more than 3.4 million new jobs since Election Day. 3.4 million. Think of what that means." — remarks Tuesday to the National Federation of Independent Business.

THE FACTS: Wages, before adjusting for inflation, have ticked up in recent months. But so has inflation, which is offsetting those gains. In May, average hourly pay rose 2.7 percent from a year earlier. Yet inflation rose slightly more during that time: 2.8 percent. Household incomes rose at a solid pace in 2015 and 2016, according to the Census Bureau, partly because inflation was much lower during that time.
TRUMP: "Wages for working people are finally, after 22 years, rising again in our country." — remarks Tuesday.

THE FACTS: Trump paints an overly rosy picture. It's not projected that "big, big percentages" of people will benefit.The nonpartisan Congressional Budget Office estimates a more modest impact of 4 million people who will be covered by the plans within five years but only some 400,000 — just 10 percent of those — who would have been uninsured. That's compared to about 160 million who are covered by job-based insurance.
TRUMP, on a health insurance option for small businesses and self-employed people: "You're going to save massive amounts of money and have much better health care. It's going to cost you much less. It's going to be, I think, fantastic. And it's very comprehensive. I will tell you, a lot of people — big, big percentages of this country — are going to be doing that." — remarks Tuesday.

THE FACTS: No remains have been returned, although Pentagon officials say they are prepared to receive them. Although the Singapore declaration said this would happen immediately, U.S. officials have given no indication that North Korea has committed to any specific timetable for the return.
TRUMP, on the return of remains from the Korean War: "We got back our great fallen heroes, the remains sent back today, already 200 have been sent back." — remarks Wednesday.

THE FACTS: Crime in Germany is not "way up." It's actually dropped to the lowest in a quarter century.According to official crime statistics released last month, crime in Germany dropped nearly 10 percent in 2017 compared with the previous year. Police recorded a total number of 5.8 million crimes last year, compared with 6.4 million cases in 2016. It was the lowest figure since 1992.
TRUMP: "Crime in Germany is up 10% plus (officials do not want to report these crimes) since migrants were accepted." — tweet Tuesday.

https://www.msn.com/en-us/news/poli...mmigration-economy/ar-AAz3jtu?ocid=spartandhp
 
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