THE FACTS: That’s not accurate. First of all, the pandemic triggered a massive recession during his presidency. The government borrowed $3.1 trillion in 2020 to stabilize the economy. Trump had the ignominy of leaving the White House with fewer jobs than when he entered.
But even if you take out issues caused by the pandemic, economic growth averaged 2.67% during Trump’s first three years. That’s pretty solid. But it’s nowhere near the 4% averaged during Bill Clinton’s two terms from 1993 to 2001, according to the Bureau of Economic Analysis. In fact, growth has been stronger so far under Biden than under Trump.
Trump did have the unemployment rate get as low as 3.5% before the pandemic. But again, the labor force participation rate for people 25 to 54 — the core of the U.S. working population — was higher under Clinton. The participation rate has also been higher under Biden than Trump.
Trump also likes to talk about how low inflation was under him. Gasoline fell as low as $1.77 a gallon. But, of course, that price dip happened during pandemic lockdowns when few people were driving. The low prices were due to a global health crisis, not Trump’s policies.
GEORGE FLOYD PROTESTS
TRUMP, on Minneapolis protests after the killing of George Floyd: “If I didn’t bring in the National Guard, that city would have been destroyed.”
THE FACTS: Trump didn’t call the National Guard into Minneapolis during the unrest following the death of George Floyd. Minnesota Gov. Tim Walz deployed the National Guard to the city.
ECONOMY
TRUMP: We had the greatest economy in history.”
THE FACTS: That’s not accurate. First of all, the pandemic triggered a massive recession during his presidency. The government borrowed $3.1 trillion in 2020 to stabilize the economy. Trump had the ignominy of leaving the White House with fewer jobs than when he entered.
But even if you take out issues caused by the pandemic, economic growth averaged 2.67% during Trump’s first three years. That’s pretty solid. But it’s nowhere near the 4% averaged during Bill Clinton’s two terms from 1993 to 2001, according to the Bureau of Economic Analysis. In fact, growth has been stronger so far under Biden than under Trump.
Trump did have the unemployment rate get as low as 3.5% before the pandemic. But again, the labor force participation rate for people 25 to 54 — the core of the U.S. working population — was higher under Clinton. The participation rate has also been higher under Biden than Trump.
Trump also likes to talk about how low inflation was under him. Gasoline fell as low as $1.77 a gallon. But, of course, that price dip happened during pandemic lockdowns when few people were driving. The low prices were due to a global health crisis, not Trump’s policies.
GEORGE FLOYD PROTESTS
TRUMP, on Minneapolis protests after the killing of George Floyd: “If I didn’t bring in the National Guard, that city would have been destroyed.”
THE FACTS: Trump didn’t call the National Guard into Minneapolis during the unrest following the death of George Floyd. Minnesota Gov. Tim Walz deployed the National Guard to the city.