Thursday, March 2, 2017

DAY 42: Trump lies about the economy being better because of him

Once again Donald Trump lied on Twitter, preteding to convince people that the economy got better simply because of the 2016 election. He said:



But that's 100% false. The stock market has nothing to do with job creation (it only benefits people who trade stocks), and consumer confidence is the resul of years of economic policy by Barack Obama.

And by the way: during his speech to Congress, Trump painted a picture of the economy being the worst recovery in years. So which one is it? The economy is better because of the 2016 election or not?

The real effects to the economy of Trump being in the White House will be noticeable after he passes his budget and implements his economic policies. Before that, the economy is still the result of Barack Obama's policies.


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