Former President Donald Trump on Thursday gave his second news conference in as many weeks as he adjusts to a newly energized Democratic ticket ahead of next week’s Democratic National Convention.
At his New Jersey golf club, the Republican nominee blended falsehoods about the economy with misleading statements and deeply personal attacks about his Democratic opponent, Vice President Kamala Harris.
Here’s a closer look at the facts.
TRUMP: “As a result of Kamala’s inflation, price hikes have cost the typical household a total of $28,000. … When I left office, I left Kamala and crooked Joe Biden a surging economy and no inflation. The mortgage rate was around 2%. Gasoline had reached $1.87 a gallon. … Harris and Biden blew it all up.”
THE FACTS: Trump made numerous economic claims that were either exaggerated or misleading. Prices did surge during the Biden-Harris administration, though $28,000 is far higher than independent estimates. Moody’s Analytics calculated last year that price increases over the previous two years were costing the typical U.S. household $709 a month. That would equal $8,500 a year.
Separately, the U.S. economy was growing quickly as it reopened from COVID in 2020, as Trump’s term ended, and it continued to do so after Biden took office. Growth reached 5.8% in 2021, Biden’s first year in the White House, as the rebound continued, faster than any year that Trump was in office. Mortgage rates were low when Trump left because of the pandemic, which caused the Federal Reserve to cut its key rate to nearly zero. Gas prices fell as the economy largely shut down and Americans cut back sharply on their driving.
TRUMP: “Virtually 100% of the net job creation in the last year has gone to migrants.”
THE FACTS: This is a misinterpretation of government jobs data. The figures do show that the number of foreign-born people with jobs has increased in the past year, while the number of native-born Americans with jobs has declined. But foreign-born is not the same as “migrants” — it would include people who arrived in the U.S. years ago and are now naturalized citizens.
In addition, the data is based on Census research that many economists argue is undercounting both foreign- and native-born workers. According to a report by Wendy Edelberg and Tara Watson at the Brookings Institution released this week, native-born employment rose by 740,000 in 2023, while foreign-born rose by 1.7 million. Much of the disparity reflects the fact that the native-born population is older than the foreign-born, and are more likely to be retired. In addition, the unemployment rate for native-born Americans is 4.5%, lower than the 4.7% for foreign-born.
TRUMP: “You’re allowed to rob a store as long as it’s not more than $950. … If it’s less than $950 they can rob it and not get charged.”
THE FACTS: Trump was referring to regulations in California that allegedly allow for theft under $950. But his claim is not correct — a 2014 proposition modified, but did not eliminate, sentencing for many nonviolent property and drug crimes.
Proposition 47 raised the minimum dollar amount necessary for theft to be prosecuted as a felony, instead of a misdemeanor, from $400 to $950.
Alex Bastian, then-special adviser to Los Angeles District Attorney George Gascón, who co-authored Prop 47, told The Associated Press in 2021 that the minimum was raised “to adjust for inflation and cost of living,” but that most shoplifting cases were already prosecuted as misdemeanors any since they didn’t exceed $400.
Prop 47 was enacted to comply with a 2011 U.S. Supreme Court order, which upheld that the state’s overcrowded prisons violated incarcerated individuals’ Eighth Amendment rights against cruel and unusual punishment. It instructed California to reduce its state prison population by 33,000 individuals within two years.
TRUMP, on Harris: “You know, she wants to defund the police.”
THE FACTS: Harris expressed praise for the “defund the police” movement after the murder of George Floyd in 2020, questioning whether money was being effectively spent on public safety. However, she has not said during her current campaign that she is in favor of defunding law enforcement.
The Biden administration tried to overhaul policing, but the legislation stalled on Capitol Hill, and Biden ultimately settled for issuing an executive order. It also pumped more money into local departments.
TRUMP: “I won Pennsylvania and I did much better the second time. I won it in 2016, did much better the second time. I know Pennsylvania very well.”
THE FACTS: False. Trump did win the state in 2016, when he beat Democrat Hillary Clinton to win the presidency. But he lost the state in 2020 to President Joe Biden, a Pennsylvania native. According to the official certified results, Biden and Harris received 3.46 million votes, compared to Trump and Vice President Mike Pence with 3.38 million votes, a margin of about 80,000 votes.
Trump says he will bring energy prices down by reversing President Joe Biden’s policy of encouraging renewable energy at the expense of fossil fuels.
TRUMP: “We’re going to drill baby drill, we’re going to get the energy prices down, almost immediately.”
THE FACTS: Oil production in the U.S. hit an all-time high under Biden’s administration.
The U.S. Department of Energy reported in October that U.S. oil production hit 13.2 million barrels per day, passing a previous record set in 2020 by 100,000 barrels. Department statistics also show that the U.S. has produced more crude oil per year than any other nation — for the past six years.
TRUMP: “We’re going to have a crash like the 1929 crash if she gets in.”
THE FACTS: The economy has shown recent signs of strength — not evidence that America is on the edge of economic collapse.
On Thursday the S&P 500 jumped 1.6%, its sixth gain in a row. The Dow Jones Industrial Average also increased Thursday, as did the Nasdaq composite.
Recent economic reports show that shoppers increased their retail spending last month and fewer workers sought unemployment benefits.
Fears the economy was slowing emerged last month following a sharp drop in hiring and higher unemployment rates. But those worries were assuaged earlier this month when better-than-expected jobless numbers led to Wall Street’s best rally since 2022.
TRUMP: “She was the border czar but she didn’t do anything. She’s the worst border czar in history. … She was the person responsible for the border and she never went there.”
THE FACTS: Biden tapped Harris in 2021 to work with Central American countries to address the root causes of migration and the challenges it creates. Illegal crossings are one aspect of those challenges, but Harris was never assigned to the border or put in charge of the Department of Homeland Security, which oversees law enforcement at the border.
TRUMP: “The Black population had the best numbers they’ve ever had on jobs, on income, on everything. The Hispanic population had the best numbers.”
THE FACTS: It’s true that Black and Hispanic unemployment fell to then-record lows under Trump, but that was upended by COVID. When Trump left office, Black unemployment had soared to 9.3% and Hispanic unemployment to 8.5%. Under Biden, Black unemployment fell to a new record low of 4.8% in April 2023, while Hispanic unemployment in September 2022 matched the all-time low of 3.9% it had reached under Trump.
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Find AP Fact Checks here: https://apnews.com/APFactCheck.
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