{"id":1003280,"date":"2019-01-04T16:45:32","date_gmt":"2019-01-04T20:45:32","guid":{"rendered":"https:\/\/democrats.org\/?p=1003280"},"modified":"2024-05-23T20:11:22","modified_gmt":"2024-05-23T20:11:22","slug":"economic-indicators-trump-cited-to-show-a-strong-economy-now-in-decline","status":"publish","type":"post","link":"https:\/\/democrats.org\/news\/economic-indicators-trump-cited-to-show-a-strong-economy-now-in-decline\/","title":{"rendered":"Economic Indicators Trump Cited To Show A Strong Economy Now In Decline"},"content":{"rendered":"

Trump repeatedly cited manufacturing activity, manufacturing confidence, consumer confidence, and the stock market to claim that the economy was the strongest in history. All of those indicators have suffered major recent declines.<\/p>\n

THEN: Trump claimed the U.S. was in a \u201cmanufacturing renaissance.\u201d<\/p>\n

 <\/p>\n

Trump<\/a>: \u201cWe are in the midst of a manufacturing renaissance\u2014something which nobody thought you\u2019d hear\u2014which means more jobs for our great electrical contractors.\u201d<\/p>\n

 <\/p>\n

NOW: A key manufacturing index tumbuled by the largest amount in a decade.<\/p>\n

 <\/p>\n

Bloomberg<\/a>: \u201cA gauge of U.S. manufacturing plunged last month by the most since October 2008, a fresh sign of deceleration in the economy amid global strains across the sector. U.S. stocks extended declines and Treasury yields fell after the report.\u00a0 The Institute for Supply Management index dropped to a two-year low of 54.1, missing all estimates in Bloomberg\u2019s survey, data showed Thursday.\u201d<\/p>\n

THEN: Trump repeatedly boasted about manufacturing confidence as a sign of a strong economy.<\/p>\n

Trump<\/a>: \u201cManufacturing confidence has reached an all-time high in the history of our country.\u201d<\/p>\n

Trump<\/a>: \u201cManufacturing confidence is at an all-time high. Confidence, very important, all-time high. And we have the best economy in the history of our country, the best.\u201d<\/p>\n

NOW: Manufacturers\u2019 confidence plunged to the lowest levels in two years.<\/p>\n

 <\/p>\n

CNBC<\/a>: \u201cManufacturers’ confidence in business also slipped to the lowest level in nearly two years, Markit said, with optimism at its lowest level since October 2016.\u201d<\/p>\n

THEN: Trump has repeatedly boasted about consumer confidence as a sign of a strong economy.<\/p>\n

Trump<\/a>: \u201cWe have probably the greatest economy in the history of our country, and very importantly, just came out today, consumer confidence at the highest it\u2019s ever been in our country.\u201d<\/p>\n

Trump<\/a>: \u201cAnd if you look at consumer confidence, we\u2019re at the top of every list. We\u2019re setting records in terms of that, too.\u201d<\/p>\n

NOW: Consumer confidence fell to its lowest levels in nearly six months.<\/p>\n

CBS News<\/a>: \u201cU.S. consumer confidence tumbled in December as Americans began to worry that economic growth will moderate next year. But consumer spirits are still high by historic standards. The Conference Board, a business research group, said Thursday that its consumer confidence index fell to 128.1 in December, down from 136.4 in November and lowest since July.\u201d<\/p>\n

THEN: Trump claimed the economy was the best in history based on the stock market.<\/p>\n

Trump<\/a>: \u201cWe have the best economy in our history. Stock market today just hit another record high.\u201d<\/p>\n

Trump<\/a>: \u201cWe have an economy that\u2019s the hottest economy right now in the world. And I guess the stock market is up to \u2014 getting close to 50 percent, if you think about it.\u201d<\/p>\n

NOW: The stock market had its worst year in a decade in 2018.<\/p>\n

CNBC<\/a>: \u201cThe S&P 500 fell 6.2 percent in 2018 to notch its biggest one-year decline since the financial crisis.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

Trump repeatedly cited manufacturing activity, manufacturing confidence, consumer confidence, and the stock market to claim that the economy was the strongest in history. All of those indicators have suffered major recent declines. THEN: Trump claimed the U.S. was in a \u201cmanufacturing renaissance.\u201d   Trump: \u201cWe are in the midst of a manufacturing renaissance\u2014something which nobody […]<\/p>\n","protected":false},"author":263,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-1003280","post","type-post","status-publish","format-standard","hentry","category-press-release"],"acf":[],"yoast_head":"\nEconomic Indicators Trump Cited To Show A Strong Economy Now In Decline - Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/democrats.org\/news\/economic-indicators-trump-cited-to-show-a-strong-economy-now-in-decline\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:site_name\" content=\"Democrats\" \/>\n<meta property=\"article:published_time\" content=\"2019-01-04T20:45:32+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-05-23T20:11:22+00:00\" \/>\n<meta name=\"author\" content=\"Claire DePree\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Claire DePree\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/democrats.org\/news\/economic-indicators-trump-cited-to-show-a-strong-economy-now-in-decline\/\",\"url\":\"https:\/\/democrats.org\/news\/economic-indicators-trump-cited-to-show-a-strong-economy-now-in-decline\/\",\"name\":\"Economic Indicators Trump Cited To Show A Strong Economy Now In Decline - 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