Trump claims he 'built the greatest economy in history“ and 'rescued” America from economic disaster. In reality, he inherited a strong economy from Obama (75 consecutive months of job growth) and presided over growing inequality. Claims record-low Black unemployment was his achievement when the trend started under Obama. Takes credit for stock market gains that continued Obama-era trajectory. Denies his trade war hurt farmers (required $28B bailout).
Trump Says He Built 'the Greatest Economy in History,' but Obama Handed Him 75 Consecutive Months of Job Growth
Key Facts8
- 01Obama handed Trump an economy with 75 consecutive months of job growth (June 2010-Jan 2017)
- 02Unemployment fell from 10% (Oct 2009) to 4.7% (Jan 2017) under Obama before Trump took office
- 03Black unemployment reached record lows under Trump, but followed Obama-era downward trend line
- 04GDP growth under Trump (pre-COVID): 2.5% average, lower than several Obama years
- 05Trump's trade war cost farmers billions; required $28B government bailout - largest in US history
- 062020: Economy crashed under Trump (-3.4% GDP), worst since Great Depression
- 07Trump excludes 2020 from his 'record,' claiming it 'doesn't count' due to COVID
- 08Wage growth and job creation were actually slower under Trump than Obama's second term
Sources5
Verified across 5 sources