FACT CHECK: Trump’s Tweets Mislead On The Economy

Over the weekend, Trump touted a series of economic indicators and suggested that they were the result of his leadership.  As usual, his claims were either flat out wrong or he was taking credit for trends that started while President Obama was in office.

TRUMP:

“Really great numbers on jobs & the economy! Things are starting to kick in now, and we have just begun! Don't like steel & aluminum dumping!”

REALITY:

“Despite bravado and big promises, the economy that President Trump is touting this week looks a lot like the one he lambasted as a candidate: a slow, largely steady grind that has chipped away at the damage done by the 2008-2009 recession…” – Washington Post

“The reality is the pace of job growth is now slightly slower than it was when President Obama left office. And the economy grew just 1.4 percent in the first quarter, down from 2.1 percent in the fourth quarter of 2016.” – Politico

 

TRUMP:

“Gas prices are the lowest in the U.S. in over ten years! I would like to see them go even lower.”

REALITY:

“US gas prices are not at a 10-year low” – Buzzfeed

https://pbs.twimg.com/media/DD6ouztVYAMAs_y.jpg

 

TRUMP:

“Dow hit a new intraday all-time high! I wonder whether or not the Fake News Media will so report?”

REALITY:

During the campaign, Trump said the stock market was “a false indicator.”

TRUMP: “Now, we're not doing well, you know, the stock market is the only indicator that's–and it's a false indicator. It's cheap money. It's very cheap money. You watch what's going to happen unless I'm president. We're going to do it very nicely. We're going to do it the old-fashioned way.” [Trump Campaign Rally, Winston-Salem NC, 7/25/16]