https://www.npr.org/2020/08/27/901381398/fact-check-trumps-address-to-the-republican-convention-annotated
August 27, 20209:30 PM ET
•••••
NPR reporters provided fact checks and analysis of Trump's remarks live. Read the annotations below.
•••••
Before the coronavirus pandemic, the U.S. unemployment rate was just 3.5% — as low as it had been in half a century. But economic growth fell short of what President Trump and his advisers promised. The economy grew 2.2% last year, roughly on par with the pace over the past decade. Growth briefly hit Trump’s 3% target in 2018, following passage of the Republican tax cut. But that now appears to have been a short-lived “sugar high.” While supporters of the tax cut said it would encourage more business investment and spark a decade of sustained 3% annual growth, business investment actually slumped for most of last year. That was partly a result of sagging global demand as well as uncertainty stemming from the president’s trade war.
•••••
No comments:
Post a Comment