THE PRESIDENT SO HE MUST BE TELLING THE TRUTH, BUT HE’S NOT.
HE’S LYING.
HE’S LYING. TELL US WHY.
>> WHEN I WAS WATCHING THE
BEGINNING OF THAT SPEECH I FELT
LIKE I WAS LIVING IN A PARALLEL
UNIVERSE, LIKE I WAS IN SOME
OTHER COUNTRY, HE WAS TALK BEING
SOME OTHER COUNTRY BECAUSE
EVERYTHING HE WAS SAYING MADE ME
OF SO LITTLE SENSE.
IT REMINDED ME OF THE LINE EVERY
WORD SHE WRITES IS A LIE
INCLUDING THE AND AND THE BUTS.
I WILL SHOW YOU SOME LINES.
LET’S START WITH JOB GROWTH AND
HE BRAGGED A LOT ABOUT THE JOB
GROWTH, BUT AS YOU CAN SEE HERE
WHAT WE’RE TRYING TO SHOW IS
THAT JOB GROWTH UNDER PRESIDENT
TRUMP WHICH HAS BEEN SIGNIFICANT
WAS ACTUALLY LOWER THAN JOB
GROWTH UNDER PRESIDENT OBAMA
OVER THE SAME 35 MONTHS, THE END
OF OBAMA’S TERM VERSUS THE
BEGINNING OF TRUMP’S TERM.
THE IDEA THAT THERE’S SOMETHING
UNPRECEDENTED HAPPENING HERE IS
RIDICULOUS.
RIDICULOUS. >> WAIT.
>> WAIT. WAIT.
WAIT. WAIT.
WAIT. HOLD ON A SECOND.
I’M CONFUSED.
I’M CONFUSED. YOU’RE TELLING ME THAT THE GRAY
THAT WE ARE LOOKING AT RIGHT NOW
IS JOB GROWTH UNDER BARACK
OBAMA, HIS LAST THREE YEARS IN
OFFICE, AND THE RED IS JOB
GROWTH UNDER DONALD TRUMP HIS
LAST THREE YEARS IN OFFICE AND
ACTUALLY DONALD TRUMP IS DOING
WORSE THAN BARACK OBAMA.
LET’S FORGET ABOUT WHY DONALD
TRUMP LIES.
TRUMP LIES. WE KNOW HE LIES.
WHY DOESN’T THE MEDIA REPORT
THIS MORE?
THIS MORE? WHY DO THEY LET DONALD TRUMP
KEEP GOING -- THIS IS THE MEDIA
THAT IS ACTUALLY COOKING THE
BOOKS FOR DONALD TRUMP BY
LOOKING AT THE DOW AND LOOKING
AT UNEMPLOYMENT, WHICH, BY THE
WAY, WAS GOING DOWN IN THIS
DIRECTION UNDER BARACK OBAMA,
WHY DO THEY KEEP SPREADING
THIS -- WHY DOES THE MEDIA
SPREAD THIS LIE THAT DONALD
TRUMP HAS SOMEHOW CREATED THE
GREATEST ECONOMY WHEN HE’S DOING
WORSE THAN BARACK OBAMA IN JOB
CREATION?
CREATION? >> YOU HAVE TO ASK THE MEDIA
THAT, BUT UNDER OBAMA THERE WERE
227,000 JOBS A MONTH CREATED
DURING THIS 35-MONTH PERIOD.
UNDER TRUMP IT WAS 191,000.
SO 227 WENT TO 191.
TRUMP BRAGS ABOUT LOWERING THE
UNEMPLOYMENT RATE BY 1.2%.
OBAMA LOWERED THE UNEMPLOYMENT
RATE BY TWO FULL PERCENTAGE
POINTS.
POINTS. ANY WAY YOU SLICE IT THIS IS AT
BEST CONTINUATION OF THE OBAMA
RECOVERY AND AT WORST THE SLOWER
VERSION OF THE OBAMA RECOVERY.
SO WE CAN TURN --
>> GO TO THE NEXT CHART.
>> WE CAN TURN IF YOU WANT TO
WAGES BECAUSE HE BRAGGED ABOUT
WAGES LAST NIGHT.
>> WOW.
>> WOW. >> INDEED WAGES HAVE BEEN GOING
UP AS YOU CAN SEE BY THE BLUE
LINE UP AT THE TOP HERE BUT WHEN
YOU ADJUST FOR INFLATION WHICH
IS A REALLY IMPORTANT THING TO
DO BECAUSE OBVIOUSLY WHAT
MATTERS IS WHAT WORKERS HAVE IN
THEIR POCKETS AT THE END OF THE
DAY, WHICH ARE THESE BOTTOM
LINES HERE, YOU CAN SEE THAT, IN
FACT, ONCE AGAIN, REAL WAGES
AFTER ADJUSTMENT FOR INFLATION
ROSE SLOWER UNDER TRUMP THAN
UNDER OBAMA.
UNDER OBAMA. UNDER OBAMA THEY ROSE AT AN
AVERAGE OF 1.1% AND UNDER TRUMP
THEY ROSE AT AN AVERAGE OF 0.6%.
SO YOU HAD FASTER GROWTH IN
WAGES AFTER ADJUSTING FOR
INFLATION UNDER OBAMA THAN YOU
HAD UNDER TRUMP.
>> OKAY.
>> OKAY. SO THAT’S A LIE AS WELL.
WAGES ADJUSTED FOR INFLATION ARE
ACTUALLY WORSE UNDER DONALD
TRUMP THAN THEY WERE UNDER
BARACK OBAMA.
BARACK OBAMA. AGAIN, NOT A SURPRISE.
JUST A SURPRISE THAT THE MEDIA
KEEPS LETTING DONALD TRUMP GET
AWAY WITH THIS LIE AS THEY HAVE
FOR THE PAST SEVERAL YEARS.
IT’S JUST LAZY.
THEY LISTEN TO WHAT DONALD TRUMP
SAYS, OH, YEAH, WAGES ARE
GOING -- NO.
NO.
NO. AND, YOU KNOW, LOOK AT GDP, IF
YOU WILL, BECAUSE THAT’S -- I
MEAN, YOU LOOK AT OUR ECONOMIC
GROWTH THAT TELLS US NOT JUST
HOW THE RICHEST OF THE RICH ARE
DOING ON WALL STREET.
THAT TELLS US HOW EVERYBODY IS
DOING.
DOING. SO GIVE US THE STORY ON GDP.
>> SO LAST NIGHT TRUMP IN HIS
FIRST OR SECOND PARAGRAPH SAID
HE WANTED TO TALK ABOUT THE
INCREDIBLE RESULTS IN THE
ECONOMY THAT HE HAS ACHIEVED.
THE INCREDIBLE RESULTS AMOUNT TO
GDP GOING UP BY 2.5% DURING HIS
WATCH.
WATCH. AGAIN, WE’RE COMPARING THE SAME
35 MONTHS END OF TRUMP -- END OF
OBAMA VERSUS END OF TRUMP.
OBAMA IT WAS 2.4%.
SO CALL IT STATISTICALLY A TIE
BUT ESSENTIALLY THIS IS SIMPLY A
CONTINUATION AS YOU SAID
EARLIER, JOE, OF AN 11-YEAR
RECOVERY AND THE GROWTH RATE
UNDER TRUMP IS NO HIGHER THAN
UNDER OBAMA, JOB CREATION HAS
ACTUALLY BEEN WEAKER THAN UNDER
OBAMA AND SO --
>> WAGES.
>> WAGES. >> AND WAGES HAVE ACTUALLY BEEN
WEAKER UNDER OBAMA AS WELL.
SO WHEN YOU CHECK THE BIG BOXES
THAT’S WHAT YOU GET, BUT
THERE’S -- THERE WAS SO MUCH
ELSE IN THAT SPEECH THAT WERE
JUST LIES ON TOP OF LIES.
HE CLAIMED, FOR EXAMPLE, THAT HE