Unemployment is low, the stock market is at all-time highs, there are signs of wage growth, and investors have more money in their accounts. With Trump taking credit for these positives, many American’s are left to wonder what he has done to create this economy and what will happen next. Our founder, Kevin McNab, explores the secret to Trump’s economy in his latest article published in ColoradoBiz Magazine. The answer may be surprising.
In early 2016, then-candidate Donald Trump blasted unemployment figures provided by the Bureau of Labor Statistics. “Don’t believe these phony numbers when you hear 4.9(percent) and 5 percent unemployment,” Trump told his supporters at a New Hampshire rally. “The number’s probably 28,29, as high as 35. In fact, I even heard recently 42 percent”.
Fast-forward 14 months after great unemployment numbers and (*now former) Press Secretary Sean Spicer said, “I talked to the President prior to this and he said to quote him very clearly: ‘They may have been phony in the past, but it’s very real now.’“
With many in Washington stretching the truth to outright lies and President Trump lauding the economy, this brings up two questions:
- Can President Trump take credit for the current economy?
- And what has he done to boost the economy?
The answers may be surprising.
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