Trump Repeats False Statement About the Economy

FACT CHECKS / This series will focus upon fact checks done by recognized and reputable sources / AP Fact Check / TRUMP: “We had the greatest economy in the history of our country.” — NBC town hall in Miami on Thursday. / THE FACTS: No, the numbers show it wasn’t the greatest in U.S. history. / Did the U.S. have the most jobs on record before the pandemic? Sure, the population had grown. The 3.5% unemployment rate before the recession was at a half-century low, but the percentage of people working or searching for jobs was still below a 2000 peak. / Nobel Prize-winning economist Paul Romer looked at Trump’s economic growth record this month. Growth under Trump averaged 2.48% annually before the pandemic, only slightly better than the 2.41% gains achieved during Barack Obama’s second term. By contrast, the economic expansion that began in 1982 during Ronald Reagan’s presidency averaged 4.2% a year. / So Trump is wrong. / https://apnews.com/article/election-2020-virus-outbreak-ap-fact-check-joe-biden-donald-trump-3d7fb045c2b12c0a79552424f3f54b20?utm_source=2020_10_19&utm_medium=email&utm_campaign=AP%20Morning%20Wire&utm_term=Morning%20Wire%20Subscribers

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