TRUMP TELLS THE TRUTH ABOUT ECONOMY, AP TRIES TO OBFUSCATE
The Associated Press purports to fact-check President Trump on just about a daily basis, but anyone who pays attention knows the AP is just pushing the Democratic Party’s line. Today’s “fact check” is a good example: The Latest: Trump’s claims about economy not accurate. Only if you read the article, you find that Trump’s statements were indeed correct:
President Donald Trump’s tweet Monday about economic progress under his administration isn’t completely accurate.Trump tweeted: “Highest Stock Market EVER, best economic numbers in years, unemployment lowest in 17 years, wages raising.”In fact, economic growth averaged 2 percent in the first half of this year, which Trump promised to lift to 3 percent. The stock market first hit a record under President Barack Obama and has kept growing. The unemployment rate, too, started to decline on Obama’s watch. And wage gains have been weak.
In other words, everything Trump said was right.
Highest stock market ever: check. The fact that the market set an earlier record during the Obama administration is completely irrelevant. And, for what it is worth, Trump’s election obviously caused the markets to go higher, as anyone can see from this S&P 500 chart. Note what has happened since November 2016:
Unemployment lowest in 17 years: check. This chart shows the U.S. unemployment rate from 2000 to the present. You have to go back to 2000 or 2001 to find a lower rate. The fact that “[t]he unemployment rate, too, started to decline on Obama’s watch” is irrelevant and doesn’t contradict Trump’s claim. Today’s unemployment rate is lower than was ever achieved at any time during Obama’s eight years in office.
Wages rising: check. The AP doesn’t dispute the truth of Trump’s statement, but counters that “wage gains have been weak.” Really? This time the AP doesn’t mention the Obama administration, maybe because median weekly wages have risen twice as much during the first six months of the Trump administration as they did during the entire eight years of the Obama administration.
Best economic numbers in years: check; see all of the above. The AP whines that economic growth averaged 2 percent in the first half of 2017, while Trump “promised to lift [it] to 3 percent.” Give him time! Second quarter GDP growth was 2.6 percent. Meanwhile, what was the GDP growth rate in 2016? 1.6 percent. It averaged 1.48 percent for the eight years from 2009 through 2016.
Everyone knows that the New York Times and the Washington Post are shills for the Democratic Party, but at times the Associated Press is even more shameless. If President Trump said that 2 + 2 = 4, the AP would try to tell us the right answer is 5.
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