Economy: what they said and what the record shows
What right-wing public figures said about the economy, set against what happened and the record. 133 entries: 34 predictions, 99 claims.
- “Audi has just committed to invest $4.2 billion in nearby Macon, Georgia to being the construction next month on a massive plant that will produce 200,000 cars…”
- “We went 49 years without one car plant being built, they were closing, and now we're building more car plants than at any time in history.”
- “But since I took office, rent in Arizona has plummeted by 14 percent, and it's going to go down by another 20 or 25 percent.”
- “You know, we went 45 years without building one auto factory.”
- “And all prices are coming down, but prices for groceries have come way down from Biden.”
- “I was proud to be the President that got our last Farm Bill done, in December of 2018, after the previous President, Barack Hussein Obama, was unable to get it…”
- “food prices and almost every other item are rapidly going down”
- “we got eggs down lower than during my administration”
- “And unemployment claims have reached the lowest level ever recorded.”
- “And the pharmaceutical industry has been creating jobs like they've never done before: over 100,000 new jobs in this industry alone.”
- “Over the last 10 years, the United States lost, on average, 60 Billion Dollars a year with Canada.”
- “I'm the lowest of the last 10 presidents on inflation.”
- “Toyota just agreed to come and move its entire operation out of Mexico and into the United States.”
- “But thanks to our policies, the cost of rent is now down by more than 10 percent in a short period in the Atlanta area, compared to the peak of the border…”
- “And in his last year, farm bankruptcy rose to the highest levels ever, more than 55 percent up.”
- “Biden took that surplus and turned it into a $50 billion agricultural trade deficit.”
- “The Biden administration and its allies in Congress gave us the worst inflation in the history of our country.”
- “In 12 months, I secured commitments for more than $18 trillion pouring in from all over the globe.”
- “Core inflation is now the lowest of any time in more than 7 years.”
- “And we're now less than $2 in many areas—$2.30 a gallon, average.”
- “When I took office, inflation was the worst in 48 years—and some would say in the history of our country—which caused prices to be higher than ever before…”
- “After just 10 months, our border is secure, our spirit is restored, inflation is stopped, wages are up, prices are down, our nation is strong, America is…”
- “It expires in about a year, and we'll either let it expire, or we'll maybe work out another deal with Mexico and Canada.”
- “Wages for hourly workers are rising at the fastest pace in 60 years”
- “Under Biden, one out of every four new jobs went to increase the size of the Federal Government. So, in other words, one out of four was a Federal worker.”
- “We made a deal with Japan: $650 billion. We never got anything.”
- “So, when I was President, we had 7 billion dollars' worth, and now they have many times that because these benefits were given to anybody that asked.”
- “We had the worst inflation in the history of our country, and now we don't have inflation. It's at 2%. It's-- it's the perfect inflation.”
- “And you have to understand, they've all signed—Japan, South Korea. I mean, South Korea, $350 billion up front; Japan, $650 billion. And they've all agreed to…”
- “Under my leadership, … grocery prices are down”
- “Today a Highly Partisan Appeals Court incorrectly said that our Tariffs should be removed, but they know the United States of America will win in the end.”
- “That's not like, you know, a loan, by the way. That's not a loan that, oh, gee, three years comes up. We have to pay it back. There's nothing to pay back. They…”
- “Just like when they had three great days around the 2024 Presidential Election, and then, those numbers were "taken away" on November 15, 2024, right after the…”
- “So I just want everyone to know: Prices are way down, and that's a big thing. Groceries, everything.”
- “And they gave us $550 billion up front—100 percent, 500. We get 90; they get 10. Ninety percent; they get 10. And there's no payment—it's not a loan or…”
- “on day one—I remember I did this, and I said this, and I mentioned this name, and I got the greatest applause of the whole campaign—we fired Joe Biden's SEC…”
- “We have no inflation.”
- “To show people how spoiled Countries have become with respect to the United States of America, and I have great respect for Japan, they won’t take our RICE…”
- “We've taken in $88 billion in tariffs in 2 months—$88 billion—with no inflation.”
- “Look, China has been ripping off the United States for many years. Nobody charged them 10 cents. No President had the courage to charge China.”
- ““Too Late” at the Fed is a disaster! Europe has had 10 rate cuts, we have had none.”
- “We do very little business with Canada.”
- “And prices of eggs have gone down 87 percent since I took office.”
- “How can we sustain and how is it sustainable that our country lost almost $2 trillion on trade in Biden years, in this last year.”
- “I see that we had a couple of states where gasoline was at $1.98 a gallon.”
- “They're sending millions and millions of cars into the U.S., but we don't have a car that's been sold to the European Union”
- “But with China, it's a trillion dollars, and we have to solve our trade deficit with China. We have a trillion-dollar trade deficit with China.”
- “TSMC, the biggest, most important company in the world of chips from Taiwan, with no investment from us, is investing $200 billion.”
- “In addition, the other tariffs are going to raise about $600 billion a year, about $6 trillion over a 10-year period, and we're going to have tax cuts.”
- “I think we will accomplish most of the work required to reduce the deficit by a trillion dollars within that time frame.”
- “I'll give you an expectation that GDP growth is going to be 2, 2.5% in the first quarter, at least.”
- “And when I left, we had that well taken care of, but under Biden they just kept raising it -- very difficult to deal with the Canadian Representatives, 250…”
- “But think of it, a modestly successful comedian, President Zelenskyy, talked the United States of America into spending $350 billion to go into a war that…”
- “Today, the U.S. trade deficit with India is almost $100 billion”
- “We have a deficit with—a little deficit with Argentina. Almost with every country.”
- “Well, they—we have a huge deficit with the U.K. Big difference.”
- “We owe $36 trillion. That's because we let all these nations take advantage of us. Same thing, like 200 billion with Canada. We owe 300 -- we have a deficit…”
- “Canada doesn’t even allow U.S. Banks to open or do business there.”
- “They committed to buying $50 billion worth of farm product, and they did it when I was President. As soon as I left, they stopped doing it because there was…”
- “As you know, we have about a $200 billion deficit with Canada—getting close to $200 billion.”
- “We have a $350 billion deficit with the European Union.”
- “Apples have doubled in price. You want an apple, anybody? Pay twice what you did 2 years ago.”
- “We lost hundreds of thousands of manufacturing jobs over the last month. Think of that.”
- “Well, I think we can do at least $2 trillion, yeah.”
- “Look, this is a problem caused by this administration. Four years ago, you had no inflation. Now, you have record-setting inflation.”
- “When I win, I will immediately bring prices down.”
- “I'm announcing today that under my leadership, the United States will commit to the ambitious goal of slashing energy and electricity prices by half, at least…”
- “And we also left behind $85 billion dollars' worth of military equipment”
- “Under this administration, our current administration, groceries are up 57 percent”
- “mortgage rates have quadrupled, and the fact is it doesn't matter what they are because you can't get the money anyway.”
- “He also said he inherited 9 percent inflation. No, he inherited almost no inflation, and it stayed that way for 14 months.”
- “And by the end, the 30-year mortgage rate was 2.7%. Think of that. And now it's 10%, 11%, 12%.”
- “They want border security, and they also want help on inflation because you're getting killed with inflation. The price of bacon has gone up five times.”
- “In February alone, nearly 1 million jobs held by native-born Americans disappeared.”
- “But the fact is, under Biden, we have a three-year inflation rate of almost 50%.”
- “Over four incredible years under my leadership, we built the greatest economy in the history of the world. There was never anything like it. With record-low…”
- “With what is going on in our Country now, Open and Broken Borders, Record Setting Crime, High Taxes and Regulations, Disrespect of our Military and Vets, the…”
- “The only way to secure that position is for the House to have passed all twelve of our appropriations measures. I am confident we can work together to…”
- “The price of BACON has TRIPLED since June. Bidenomics!”
- “You know, Russia, I don't know if you know, but you look at their currency, it's at an all-time high because oil is so high right now, highest it's ever been…”
- “For perspective… $85,000,000,000 worth of military being left to Taliban Terrorists means that each and every man, woman, and child in American contributed…”
- “Joe Biden, look it up, folks, is proposing tax and spending increases 2.5 to 3 times greater than what Obama did? You think that recovery sucked? Pardon my…”
- “If he's elected, the stock market will crash.”
- “They said it would take ... a miracle to bring back manufacturing. I brought back 700,000 jobs. They brought back nothing. They gave up on manufacturing.”
- “We lifted 6.6 million people out of poverty, the largest poverty reduction in the first three years of any president in the history of our country.”
- “there no way that any member in Congress is going to force somebody to pay that back. They'll forgive it.”
- “The most they ever bought—remember?—the most they ever bought was $16 billion.”
- “And women now comprise a majority of the American workforce; that's for the first time.”
- “America lost 60,000 factories under the previous administration, 60,000.”
- “Keep in mind, by the second year, we will just about double exports of goods to China, if this- if this agreement is in place. Double exports. We had about 128…”
- “We are taking in billions and billions of dollars in tariffs that China is paying for. We're not paying. China is paying because they're devaluing their…”
- “It's approved by Mexico. It's approved by Canada. It's approved by everybody that has to be approved.”
- “Earlier this month, the US government officially labeled China, for the first time ever, a currency manipulator, another promise kept.”
- “We had a huge surplus with Mexico, then we did NAFTA. We lost over the last six, seven years, with Mexico, $100 billion. Before NAFTA, we made $40-$50 billion.”
- “We had a surplus with Mexico and Canada, and we went to a $130 billion trade deficit with the combination of Mexico and Canada.”
- “China is paying for 21, and we're paying for 4. So that's pretty good. But we're bringing billions and billions of dollars into our Treasury right now.”
- “Wages are rising at the fastest pace in decades and growing for blue-collar workers, who I promised to fight for.”
- “We have created 5.3 million new jobs and, importantly, added 600,000 new manufacturing jobs, something which almost everyone said was impossible to do.”
- “[He's] signaling to people that he's going to get a trade deal done with the Chinese and he's close on that. I predict he gets that done by the end of January…”
- “And we've opened up new negotiations with Japan, who would not negotiate with the previous administration. You know why? Because they said, "No, we're happy…”
- “So, Jean-Claude, for years, the Obama administration wanted to negotiate and you said, 'No, we're not going to negotiate.' I'm telling you, I want to negotiate.”
- “I increased it to 25 percent, and I put $200 billion on top of the $50 billion. So now we have $250 billion at 25 percent.”
- “It's one of the reasons that you can now go out and look for another job if you're not happy, because everybody wants to hire you and you're getting higher…”
- “The GDP Rate (4.2%) is higher than the Unemployment Rate (3.9%) for the first time in over 100 years!”
- “As the economy gears up, more people working, better jobs and careers — those revenues come rolling in, and the deficit, which is one of the other criticisms…”
- “Now we have a Trade Deficit of $500 Billion a year, with Intellectual Property Theft of another $300 Billion. We cannot let this continue!”
- “Mexico—we have a trade deficit with Mexico of over $100 billion a year.”
- “Currently have a massive $100 Billion Trade Deficit. Not fair or sustainable.”
- “When a country (USA) is losing many billions of dollars on trade with virtually every country it does business with, trade wars are good, and easy to win.”
- “I don't believe any country in the world is going to retaliate, for the simple reason that we are the most lucrative and biggest market in the world.”
- “By the way, now that you bring it up: Black home ownership just hit the highest level it's ever been in the history of our country.”
- “Not only will this tax bill pay for itself, but it will pay down debt.”
- “The company's initial investment of more than $10 billion will create 3,000 jobs at a minimum, with the potential for up to 13,000 jobs in the very near future.”
- “I said, those jobs have left Ohio. They're all coming back. They're all coming back. Coming back. Don't move. Don't sell your house. Don't sell your house.”
- “I made them this promise: We will put our miners back to work.”
- “You look at the unemployment rate of African-American youth. You look at it, it's 58%, 58%.”
- “Colorado lost more than 100,000 manufacturing jobs since Clinton's NAFTA and China's trade deals went into effect.”
- “But we're bringing it from 1 percent up to 4 percent. And I actually think we can go higher than 4 percent. I think you can go to 5 percent or 6 percent.”
- “You go into the inner cities and—you see it's 45 percent poverty. African- Americans now 45 percent poverty in the inner cities.”
- “In 2015 alone, federal agencies issued over 3,300 final rules and regulations, up from 2,400 from the prior year.”
- “So we've taken it from 84 billion, which is a lot of money, to now, $800 billion and going up -- going up fast, unless I become President. You will see a drop…”
- “We've got to get rid of the $19 trillion in debt. … I would say over a period of eight years.”
- “There will be no government shutdowns and no default on the national debt.”
- “We're not going to pass a clean debt limit increase. I told the president, there's no way we're going to pass one. The votes are not in the House to pass a…”
- “If you elect me as your next Governor, I'll get government out of the way and lower the tax burden so Wisconsin business owners and factories can create…”
- “We can expect rapidly rising prices and much, much higher interest rates over the next four or five years, and a concomitant deleterious impact on output and…”
- “And you know what, there's no way you can pump this kind of money into this system and have it last. We are going to have massive inflation.”
- “I don't think we're headed to a recession, but no question we're in a slowdown.”
- “There’s no recession coming. The pessimistas were wrong. It’s not going to happen.”
- “I hope you will join me to pay down $2 trillion in debt during the next 10 years. … At the end of those 10 years, we will have paid down all the debt that is…”
- “I want to predict here tonight that if we adopt this bill the American economy is going to get weaker and not stronger, the deficit 4 years from today will be…”
- “In that framework, frankly, if I were only a Republican partisan, I would hope that this tax increase bill would pass by one or two votes so that every…”
- “Like so many of the President's past promises, deficit reduction will be another cruel hoax. Tax revenues will lag because the economy will fall.”