Friday, October 14, 2016
By the way ... On the Economy
During the most recent debate, Trump claimed that economic growth is at its lowest level since the Great Depression. While it does stand under two percent at the moment, that is obviously a radically incorrect statement - given that we have had negative growth in a number of years since 1942. Here is a chart of GDP growth by year since 1930: The Balance. On top of this, jobless claims just hit a 42-year low (see chart below). So, as with so much that Trump says, it is important to check those "facts," as they are just as often convenient "lies" he is using to spread fear and try to save his fledgling campaign.