'Labor Force Participation Rate’ (LFPR), about 8% of the 165 million are unemployed, buybacks and dividend payouts, emerging markets’ currency collapse, Jack Rasmus, reduced US budget revenues, trade wars, Trump, Trump’s ‘Stock Markets are at Record Highs’ Claim, Trump’s ‘Unemployment is at an Historic Low 3.9%’ Claim, Trump’s ‘US GDP Is Growing at Record Rate’ Claim, Trump’s ‘Wages Are Rising Fast’ Claim, Trump’s lying
This past week Donald Trump appeared before the United Nations Assembly in New York. In typical Trump style, he immediately launched into bragging about his accomplishments. Like most of his recent public appearances, it was a campaign speech directed to his political base. He proclaimed to the Assembly he had achieved more in his first two years than had any other president in a like period. The claim elicited laughs from the audience, which Trump would brush off later in a press conference saying ‘We were laughing together, they weren’t laughing at me”. Sure, Donald. That’s what happened!
In the course of his over-the-top, self-congratulatory announcement he said the US economy had grown faster in his first two years at the presidential helm than in any administration before during a like period, he had reduced unemployment to the lowest rate ever in the US, and his policies have produced record…
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