How to judge President Trump’s economic record
Column: That blockbuster GDP number doesn’t give Trump grounds for bragging. Here’s why
Oxford, Moody’s: Biden’s Economic Plan Would Create More Jobs, Growth Versus Trump’s
‘Chaotic And Ineffective’: More Than 700 Economists Beg Americans Not To Vote For Trump
We Looked At How The Stock Market Performed Under Every U.S. President Since Truman — And The Results Will Surprise You
The Trump vs. Obama economy — in 16 charts
Trump’s Economic Scorecard: 3 Years In Office
Trump Can’t Beat Obama on the Economy
Trump’s Unemployment Rates Are Still Worse Than Obama’s Highest Numbers
Inside The Obama Stock Market’s 235% Return
Obama’s Legacy on the Economy Is Anything But a Mess
Not the greatest economy in US History (pre-virus)
Opinion: Trump’s claims about building the best economy rang hollow even before the coronavirus knocked out the service sectors
US economy under Trump: Is it the greatest in history?
Trump Claims the Economy Is the Best Ever—These 11 Facts Tell a Different Story
February 10, 2020
Trump cites ‘serious economic conditions’ in proposing 1% pay raise for federal employees
Trump moves to cap pay raise for civilian government workers at 1 percent
February 6, 2020
Forget Trump’s Lies, Here’s the Real Economic State of the Union
February 4, 2020:
January 31, 2020:
U.S. Midwest manufacturing activity hits 4-year low
“The Trump Economy is Strong”
Obama wins over Trump when it comes to GDP!
Percent Change of Gross Domestic Product (CPGDPAI)
Trump Says U.S. Economy Is ‘Best It Has Ever Been,’ But Facts Tell A Different Story
The S&P 500 Is at an All Time High—But Markets Still Performed Far Better Under Obama Than Trump
8 Things That Are Becoming Less Affordable for the Middle Class
U.S. Factory Gauge Unexpectedly Falls to Lowest Since 2009
December’s ‘Swing and Miss’ Employment Report Sheds 12K Manufacturing Jobs
You may not want to use Russell 2000 metric again GOP?
Example of a GOP Tweet where facts are cherry-picked:
Two Charts:
The Obama Economy was better!
“We are enjoying the hottest and strongest economy this country has seen in 50 years—and this is due to President Trump’s common-sense, job-creating.”
Representative Mark Meadows LIED on the floor of the House!
“We are enjoying the hottest and strongest economy this country has seen in 50 years” – NO! This is the First of Many LIES on this website!
“Here are some points you can highlight for your liberal friends and family and it’s all backed up by facts, not feelings:”
“The U.S. has added more than 7 million new jobs since President Trump was elected.”
Obama Created More New Jobs!
Primary Source:
https://data.bls.gov/timeseries/ces0000000001?output_view=net_1mth
The green boxes are months Obama did better than Trump’s November 2019 number:
From 2013-2016 (When Trump says Obama was terrible, Obama created 215,729 new jobs per month compared to Trump’s 194,543 per month.
https://limbaugh2020.com/obama-created-more-new-jobs-than-trump-has/
“more than 7 million new job” – Actual number is …. 6,809,000 in 35 months, that is LESS that 7 million – LIE Number 2! Obama in last 48 months? 6,987,000 – That Would Be More!
“This includes over 500,000 new manufacturing jobs and nearly 4 million jobs for women.”
Trump created 497,000 new manufacturing jobs, less than 500,000 – Lie Number 3! “nearly 4 million jobs for women” – This took a little more work to calculate. January 2017, https://www.bls.gov/news.release/archives/empsit_02032017.pdf – Women, 16 years and over – 71,069 – November, 2019 – https://www.bls.gov/news.release/pdf/empsit.pdf 74,533 so 3,464,000 is LESS than 4 million – Lie Number 4! Obama’s last 35 months? February 2014 to December 2016? https://www.bls.gov/news.release/archives/empsit_03072014.pdf 68,458 to https://www.bls.gov/news.release/archives/empsit_01062017.pdf 71,250 – 2,792 – So Trump has his first win versus four losses so far.
“And, monthly jobs reports are showing that the Trump economy is still soaring.”
This is a lie!
Manufacturing in Michigan? (This is BEFORE US Steel Layoffs in December of 2019!)
Primary Source: https://fred.stlouisfed.org/series/MIMFG
U.S. Steel to lay off 1,500 people and shutter factories near Detroit
Trump LIED! (He Lies a LOT!)
No, U.S. Steel is not opening six new mills as Donald Trump said
Wisconsin (another swing state)? https://fred.stlouisfed.org/series/WIMFG
Ohio? https://fred.stlouisfed.org/series/OHMFG
“The unemployment rate continues to be at a historically low level, recently ticking down to 3.5%. That is a 50 year low!”
Obama wins the Unemployment Factor just like GDP and New Jobs!
Obama versus Trump
Overall 7.8 4.7 (-3.1) Overall 4.7 3.5 (-1.2)
“The Trump economy is boosting every community. The unemployment rates for women, black Americans, Hispanic Americans, Asian Americans, and veterans are also at historically low levels.”
Obama vs Trump
Black 12.7 7.7(-5) Black 7.7 5.5 (-2.2)
Asian 6.1 3.7(-2.4) Asian 3.7 2.6 (-0.9)
Hispanic 10.1 5.8(-4.3) Hispanic 5.8 4.2 (-1.6)
Women 7.0 4.7 (-2.3) Women 4.7 3.5 (-1.2)
“It’s not just jobs, its bigger paychecks. American workers are also seeing higher wages thanks to the Trump economy.”
This is a Lie!
Why Aren’t Wages Keeping Up? It’s Not The Economy, It’s Management
Primary Source: https://www.bls.gov/news.release/realer.nr0.htm
REAL EARNINGS – NOVEMBER 2019 All employees Real average hourly earnings for all employees were unchanged from October to November, seasonally adjusted, the U.S. Bureau of Labor Statistics reported today. This result stems from an increase of 0.2 percent in average hourly earnings combined with an increase of 0.3 percent in the Consumer Price Index for All Urban Consumers (CPI-U). Real average weekly earnings were unchanged over the month due to no change in real average hourly earnings or the average workweek. Real average hourly earnings increased 1.1 percent, seasonally adjusted, from November 2018 to November 2019. The change in real average hourly earnings combined with no change in the average workweek resulted in a 1.1-percent increase in real average weekly earnings over this period.
An unsettling future for millions of American jobs
“The U.S. economy is besting expectations for job growth, and the unemployment rate is at its lowest in several decades — but the other side of the story is that millions of jobs out there just aren’t good enough.
Why it matters: Almost half of all American workers are stuck in low-wage jobs that often don’t pay enough to support their lives, lack benefits and sit squarely inside the automation bullseye.”
https://www.axios.com/us-economy-low-wage-jobs-d8994a6e-84f2-41a9-8219-0c87c30d0da0.html
Why aren’t wages rising faster even with low unemployment? Trade war, weaker economy are among reasons
Almost half of all Americans work in low-wage jobs
“Our friends and neighbors from ALL backgrounds are enjoying the healthiest, strongest, and most uplifting economy we have seen in decades. And by reelecting President Trump it will continue to grow for years to come.”
Word Salad – Obama’s economy was healthier, stronger and more uplifting.
https://limbaugh2020.com/i-never-voted-for-him-but-obama-was-better-than-trump/
“President Trump overcame the years of anemic economic growth we experienced under the Obama-Biden Administration and we won’t go back—we can’t go back! Democratic-Socialist policies are contrary to the American way of life.”
This is a lie – see above – nothing anemic about Obama-Biden’s Administration’s Growth
Primary Source: https://fred.stlouisfed.org/series/CPGDPAI
“So don’t forget to tout these key facts about the strong Trump economy when talking to your friends about the upcoming election, and join us in re-electing President Trump for his promises made and promises kept.”
Another Lie! Trump is 0 for 9 on these promises!
Trump Lied to Coal Miners!
Trump lied to Carrier workers!
The Last Shift: What Really Happened To Those Carrier Jobs Trump Saved
Trump Lies a Lot!
