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Trump tries to steal credit for Biden’s economy during Wisconsin rally fiasco

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Trump talks about the economy in Wisconsin.

Trump claimed he gave Biden the current economy, which is a total lie, in a series of many falsehoods during the ex-president’s rally in Wisconsin.

Trump said: ‘Joe Biden inherited the fastest and strongest economic recovery in history, I gave him the
largest economic recovery in history, it’s called ‘bounce back’, we were done. We have the largest economy ever in the history of the world. COVID came in and we did an incredible job and by the time we finished, we gave him the greatest recovery anyone has ever had. Guess what, he blew it to bits and that’s where we are now.

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Trump is trying to steal credit for the economy from Biden, but here are the facts from FactCheck.org:

The number of Americans with jobs in December was 142 million, or 3 million fewer than when Donald Trump became president and 9.8 million below the pre-recession peak in February.

The unemployment rate was 6.7% last month – well above the historical norm of 5.6%, which is the average for all months since 1948.

Even before the recession, growth was relatively modest: Real (inflation-adjusted) gross domestic product grew 2.2% in 2019, according to the Bureau of Economic Analysis, up from 3.0% the year before, which was the best year belonged to Trump. his term of office.

But last year’s GDP was almost certainly negative, wiping out all or almost all of the previous year’s growth.

Members of the Governors of the Federal Reserve Board and the Federal Reserve Bank believe that the economy shrank in 2020. Their average forecast, issued on December 16, was for a decline of 2.4% from 2019, with estimates ranging from minus 1.0% to minus 3.3%. The more than sixty private sector economists surveyed by the Wall Street Journal this month estimated the average decline in 2020 at 2.5%.

Trump left Biden with a country still dealing with COVID, and an economy that was already slowing and heading toward a recession. In short, Trump left Biden in a dumpster. The Biden administration turned the economy around, and now Donald Trump has returned and expected to take credit for Biden fixing what he so badly screwed up.

Donald Trump did the same thing in 2016 when he tried to take credit for former President Obama’s achievements.

Trump cannot rely on his actual record, so he must rely on the achievements of others.

Biden must own and tell the story of his economy before Donald Trump takes it for himself.