TRUMP: “The USMCA will create nearly 100,000 new high-paying American auto jobs, and massively boost exports for our farmers, ranchers and factory workers.” THE FACTS: Don't count on that.
WASHINGTON — President Donald Trump says the world is witnessing a great American economic revival that he brought on by reversing course from the Obama years. Yet the economy is not so different from the robust one he inherited and disparages at every turn.
The tax cuts did temporarily boost growth in 2018 as deficit spending increased. But the administration claimed its tax plan would increase business investment in ways that could fuel lasting growth. For the past three quarters, business investment has instead declined. As for ending “catch and release,” Trump actually expanded that policy last year during a surge in migrants, releasing thousands of migrants who flooded shelters along the border. The surge has since passed, so fewer people are being held and fewer would need to be released. Because an effort by immigration officials to detain children indefinitely was blocked by a judge, children are still released into the country.
During the eight years of Obama’s presidency, the labor force rose by 5.06 million, according to the Labor Department. The improvement reflected a rebounding economy from the Great Recession and population growth. The department said the last time retail prescription drug prices declined was in 1973, when they went down by 0.2%.TRUMP: “We will always protect patients with preexisting conditions.” — State of the Union.The Trump administration is backing a lawsuit by conservative-led states that would overturn the entire Obama health law, including the Affordable Care Act's guarantees that people cannot be turned down or charged more for insurance because of preexisting medical problems.
THE FACTS: Klobuchar Is right. Before he launched his presidential campaign, Buttigieg sounded supportive of “Medicare for All.” He isn't now. THE FACTS: True, but that’s not the end of the story. Obama asked Biden to take the lead in efforts to withdraw troops and coordinate efforts to maintain stability in Baghdad. What Biden did not mention was that some of the troops had to go back.
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