"As you know, the last eight years, [the federal government] borrowed more than it did in the whole history of our country", Trump said.
Also, more or less accurate - $9 trillion to be exact.
"So, you can say in one sense we're really increasing values; and maybe in a sense we're reducing debt", he added.
"I'm so proud of the $5.2 trillion dollars of increase in the stock market", Trump said, referring to the bull market that began as the economy pulled out of the Great Recession during the months after President Obama took office.Читайте также: Loot boxes are not gambling according to the ESRB
Huh? To say this is a head-scratcher is an understatement. Gains in the stock market are not automatically transferred to the federal government. Shareholders and investors reap the rewards. No commensurate spending cuts have been proposed. The U.S. intelligence community has concluded that the Kremlin attempted to influence the election.
Is he right that the rise in the stock market, in a sense, reduces debt? No. "But it's absurd to contend that the national debt has fallen because of this".
If the party wants to fall off the abyss and be unable to tell future generations of Americans that they did the right thing when it mattered, then they'll put on a blindfold and step off a cliff with Sean Hannity. "It was a candidate that didn't go to Wisconsin and MI like they should have", Trump said, later reiterating the point in his speech.
As for that stock market rally, the Standard and Poor's 500 is up almost 20% since his election - an impressive rally. But under the Obama Administration that same index rose 235%.При любом использовании материалов сайта и дочерних проектов, гиперссылка на обязательна.
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