In Davos Speech, Trump Mixes Facts, Falsehoods and Claims That Need Context
WASHINGTON — In a speech to world and financial leaders at the Davos World Economic Forum on Friday, President Trump mixed facts, falsehoods and claims that could use context.
Below are some statements from the speech about the economy and Mr. Trump’s place in history.
Mr. Trump’s accurate claim of 2.4 million jobs added “since my election” requires more context.
The economy has added almost 2.4 million jobs in the 14 months since Mr. Trump was elected in November 2016 — but it is worth noting this number includes the last three months of Barack Obama’s presidency.
Also, as a point of comparison, the economy added 2.8 million jobs in the 14 months before Mr. Trump’s election.
During the first 11 full months of Mr. Trump’s presidency, 1.8 million jobs were added. And in the 11 months before he was inaugurated, 2.1 million jobs were added.
It is also debatable whether Mr. Trump, or any first-year president, can take full credit for a strong economy (or be censured, were it to happen, for weak economic performance). As my colleague Neil Irwin has explained: “If you think the economy is driven by concrete, specific policies around taxes, spending, monetary policy and regulation, the answer is no. If you think that what really matters is the mood in the executive suite, then just maybe.”
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