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Posted On: 08/20/2021 11:29:38 AM
Post# of 126763
July 21, 2021
Joe Biden is lying about the economy, claiming Trump's successes as his own
By Jack Hellner
President Biden continues to lie that he inherited the worst economy since the great depression. Even the fact-checkers in the mainstream press are calling him out on that one.
Fact Checking Biden's Address to Congress
Biden said he inherited the "worst economic crisis since the Great Depression." But when he took office, the economy had recovered some from its low point earlier in the pandemic.
The facts show that the economy came out of recession nine months before Biden took office, and it came out of recession because of the rapid response of Trump to the virus, including getting the vaccine, and the fact that several Republican governors decided to let their states' economies thrive instead of keeping them locked down .
Economists were predicting rapid economic and job growth for 2021 before Biden took office. Reports like this came out:
read more in source
https://www.americanthinker.com/blog/2021/07/...s_own.html
Fact Check: Joe Biden Says Obama-Biden Left Trump a Booming Economy and Trump Caused a Recession
CLAIM: “We left him a booming economy and he caused a recession,” Joe Biden said Tuesday.
VERDICT: FALSE. Twice.
Economic growth had nearly come to a standstill by the end of the Obama administration, verging on recession. The economy grew at a perilous 1.6 percent in 2016 and growth was declining. In the first quarter of 2017, the last in which Barack Obama was president, the rate of GDP growth fell to 1.4 percent.
There’s no reasonable interpretation of recent history in which Donald Trump can be accused of causing the recession. The truth is that the recession was inevitable once the global pandemic hit. That’s proven by the fact that the economies of every major industrialized nation contracted due to either the pandemic itself or measures taken to combat it.
source
https://www.breitbart.com/2020-election/2020/...recession/
Joe Biden is lying about the economy, claiming Trump's successes as his own
By Jack Hellner
President Biden continues to lie that he inherited the worst economy since the great depression. Even the fact-checkers in the mainstream press are calling him out on that one.
Fact Checking Biden's Address to Congress
Biden said he inherited the "worst economic crisis since the Great Depression." But when he took office, the economy had recovered some from its low point earlier in the pandemic.
The facts show that the economy came out of recession nine months before Biden took office, and it came out of recession because of the rapid response of Trump to the virus, including getting the vaccine, and the fact that several Republican governors decided to let their states' economies thrive instead of keeping them locked down .
Economists were predicting rapid economic and job growth for 2021 before Biden took office. Reports like this came out:
read more in source
https://www.americanthinker.com/blog/2021/07/...s_own.html
Fact Check: Joe Biden Says Obama-Biden Left Trump a Booming Economy and Trump Caused a Recession
CLAIM: “We left him a booming economy and he caused a recession,” Joe Biden said Tuesday.
VERDICT: FALSE. Twice.
Economic growth had nearly come to a standstill by the end of the Obama administration, verging on recession. The economy grew at a perilous 1.6 percent in 2016 and growth was declining. In the first quarter of 2017, the last in which Barack Obama was president, the rate of GDP growth fell to 1.4 percent.
There’s no reasonable interpretation of recent history in which Donald Trump can be accused of causing the recession. The truth is that the recession was inevitable once the global pandemic hit. That’s proven by the fact that the economies of every major industrialized nation contracted due to either the pandemic itself or measures taken to combat it.
source
https://www.breitbart.com/2020-election/2020/...recession/
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