TEHRAN (Iran News) – US President Donald Trump during his campaign speech has used misleading data to claim he’s created an economic “boom,” while Democratic candidates seeking to replace him twisted the facts in their latest presidential debate. Trump distorted his record on the economy and fell back on an old false claim about making […]
TEHRAN (Iran News) – US President Donald Trump during his campaign speech has used misleading data to claim he’s created an economic “boom,” while Democratic candidates seeking to replace him twisted the facts in their latest presidential debate.
Trump distorted his record on the economy and fell back on an old false claim about making Mexico pay for his border wall that served as a counterpoint to Tuesday’s Democratic presidential debate, The Associated Press said in an analysis on Wednesday.
During giving his speech at a reelection campaign on Tuesday in Milwaukee, Wisconsin, Trump claimed he’s created a “blue-collar boom” for low-income workers in the US.
“More than 300,000 people under Obama, 300,000 people, left the workforce. Under just three years of my administration, 3.5 million people have joined the workforce,” Trump said at the rally.
The AP said Trump is wrong about former President Barack Obama’s economic record. More than 5 million people joined the US labor force during Obama’s presidency, according to Labor Department figures.
Trump also claimed that the updated trade between the US, Canada and Mexico will pay for a wall along the US-Mexico border because of economic benefits he predicts will come from the agreement.
The USMCA deal, which will replace NAFTA, has been signed by the three nations but not yet ratified. The agreement preserves the existing liberalized environment of low or no tariffs, with certain improvements for each country.
However, nothing in the trade agreement would cover or refund the wall construction cost or require a payment from Mexico, the report said.
Instead, Trump is assuming a wide variety of economic benefits that can’t be quantified or counted on. For example, he has said the deal will dissuade some US companies from moving operations to Mexico and he credits that possibility as a payment by Mexico.
Turning to the US economy during the rally, Trump said: “The lowest-paid earners are reaping the biggest, fastest and largest gains. Earnings for the bottom 10% are rising faster than earnings for the top 10%, proportionally.”
The AP said Trump’s claim that the biggest pay hikes are going to the poor is also misleading. The top 10% of US earners saw the biggest raises of any income bracket over the past year, according to the US Labor Department.
When the Labor Department looked at the gains by quartile, weekly earnings grew at faster rates at the top levels than the bottom 25%.
“We’ve created 7 million jobs since the election including more than 1 million manufacturing and construction jobs. Nobody thought that was possible,” Trump said.
But the AP said those figures are less impressive than what Trump claims. Government figures show that the job gains under Trump over the past three years were lower than during the final three years of Obama’s presidency.
- source : PressTV, Iran News