Trump touts the economy, says US is ‘setting records on virtually every front’
There’s no questioning how Donald Trump would rate the economy for his time in office. The president took to Twitter Friday amid renewed legal troubles to highlight a few things going right for the U.S.
“Our Economy is setting records on virtually every front – Probably the best our country has ever done. Tremendous value created since the Election,” the president said in a tweet Friday. “The World is respecting us again! Companies are moving back to the U.S.A.”
Our Economy is setting records on virtually every front – Probably the best our country has ever done. Tremendous value created since the Election. The World is respecting us again! Companies are moving back to the U.S.A.
— Donald J. Trump (@realDonaldTrump) August 24, 2018
Since the election, the S&P 500 is up more than 33 percent, advancing a historic bull run that began in 2009. Unemployment has fallen to 3.9 percent to the around the lowest since 1969, and the economy expanded at a 4.1 percent pace last quarter.
[CNBC]
Reality
All trends that started years ago under Barack Obama, who led us through the 2nd fastest recovery from the 2007 financial crisis, when compared globally. The economy was booming YEARS before Trump took office by EVERY measure. DJIA, unemployment, jobs, job openings, home prices, median household income, etc…