BlindBoo
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- Sep 28, 2010
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Note that your preferred fact checkers couldn't find any lies in the speech.FACT CHECK: President Trump Delivers His 3rd State Of The Union Address
Just in case anyone is interested.
In the 38 months since the 2016 election, the U.S. economy has added 7.3 million jobs — an impressive feat, but certainly not unprecedented. In the 38 months before the 2016 election, the U.S. economy added 8.4 million jobs.
Lie: We are moving forward at a pace that was unimaginable just a short time ago
Fact: The U.S. economy grew 2.3% last year, matching the average annual rate over the last 10 years but well short of the 3% growth target set by President Trump and his advisers. Growth briefly accelerated to 2.9% in 2018 after passage of the GOP tax cut, but that now appears to have been a short-lived “sugar high.” Although backers of the tax cut said it would encourage more business investment, leading to a decade of 3% annual growth, business investment actually slumped for most of last year.
Lie: I moved rapidly to revive the U.S. economy
Fact: Since the Great Recession, the economy has been growing at a steady, moderate pace, rising at an annual rate of between 1.6% and 2.9%. In 2018, after President Trump signed into law the tax cuts passed by Congress, the growth rate rose to 2.9%. That is pretty good, but not great — it matched the growth rate in 2016. But growth soon subsided and last year fell back to 2.3%.