Trump Just Made A Puzzling Claim About The Economy -- And Experts Aren't Letting It Slide
On Monday afternoon, President Donald Trump told reporters in the Oval Office that the United States has "the strongest economy we've ever had" ― but economists aren't exactly sure what the president is talking about.
When Wall Street Journal reporter Philip Wegmann asked Trump if he was willing to risk an economic catastrophe in the war with Iran, Trump said, "Nuclear weapon supersedes depression."
"The way we're doing it, we have the opposite of a depression," the president continued. "We're doing really well. The numbers are incredible; the oil is at a level that nobody's ever seen before; oil prices are way down." (Oil prices have fluctuated due to the conflict in Iran and dropped on Monday after the U.S. Treasury Department authorized Iranian crude sales through August.)
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"We have the strongest economy we've ever had," he said. "We have 18 to 19 trillion dollars being poured into our country." Trump does not specify what he is referring to in this statement but has repeatedly claimed the U.S. has secured trillions of dollars in investment pledges from foreign governments since returning to office. The White House website, as of reporting, says it's $10.6 trillion, although economists have also disputed that number.
https://finance.yahoo.com/economy/articles/trump-just-said-were-experiencing-145606501.html
He just pulls stuff out of his ass. Unfortunately, his head's still stuck up there.
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