✔️ Trump town hall fact-check time!

Let’s break down the economic points President Trump made last night and explain why the false claims aren’t true.
Arguing that $400M isn’t much, his debt is just a bunch of mortgages on beautiful properties, saying he doesn’t owe $ to foreign entities, touting a V shaped recovery, companies are pouring back into U.S., that lenders asked him to borrow from them as a favor to them...
...saying he built the greatest economy ever...

President Trump:
- Still has not said who he owes money to
- At least $300M is to Deutsche Bank (a foreign bank)
- He insisted that his debt was in the form of MORTGAGES. This makes no sense. Mortgages almost never carry a personal guarantee...
... If his assets were so big & valuable & he was “so under levered”, a lender would never force him to sign a personal guarantee against any kind of loan
- There is no evidence companies are returning to the states in scale...
It was not the greatest economy — strongest growth ever or a turn around.

GDP growth was mostly in-line with Obama GDP & it was continued economic expansion (not a turn around) made possible by the corporate tax cuts (which have not paid for themselves in growth)
We remain with over 12M Americans on unemployment with many more at risk of losing jobs without another relief bill.

A bill that Trump claimed Pelosi is blocking, but Leader McConnell told voters in Kentucky he is NOT taking to the floor for a vote
He said that some lenders asked him to borrow money as a favor to them?

Again - there is no rational explanation outside money laundering.

REMINDER: There is no middle class tax cut proposed

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More from @SRuhle

8 Oct
THREAD: Money matters to voters, so what did we learn in last night's #VPDebate ?

Here’s a summary of what we heard, specifically the hits and misses on our very complicated economy ⬇️
Pence repeated the previously fact-checked claim that Trump turned the U.S. economy around.

FALSE: GDP was 2% & 2.3% under Obama, 2.5% under Trump. It was an economic expansion Trump made possible by the 2017 Corporate Tax Cut.
Pence says Biden will raises taxes on all Americans.

FALSE: Biden plans to partially repeal the corporate tax cut. Trump dropped the corporate tax rate from 35% - 21%.
Read 21 tweets
6 Oct
THREAD: It's time for another fact check. We're going to dig a little deeper into President Trump's messaging yesterday, where he essentially started tweeting: "Your 401k will be gone without me."
After Trump said this and the markets shot up, the White House and others tried to say it was because Trump was getting better.

That argument failed...markets were up on news of stimulus getting closer and they have tanked on the news that Trump pulled the deal.
The “he’s the economy guy” argument is growing weaker as small businesses face permanent closure without a relief bill extending more support.

Big businesses knows they will get hurt if consumers have less to spend (which they will without stimulus).
Read 7 tweets
6 Oct
THREAD: Comments by Fed Chair Jay Powell Are worth noting.

Despite all the Fed has done to keep markets afloat, he is very clearly urging Congress and the White House to save the real economy.

🚨THIS IS A “The Economy Is In Trouble” RED FLAG 🚨
This is very out of step for the Fed: an independent government agency that traditionally focuses on the financial system, not the economy.

Chairman Powell noted the inequalities in impact and recovery when discussing the economic developments and challenges ahead.
Powell said: “The burdens of the downturn have not been evenly shared. The initial job losses fell most heavily on lower-wage workers in service industries facing the public: job categories in which minorities & women are overrepresented."
Read 5 tweets
30 Sep
It’s time for a little bit of fact-checking.

THREAD: President Trump touted getting 10.4 million jobs back. He forgot to mention the 26 million people who are out of work, as well as the tens of thousands of small businesses on the brink of closing.
Big business isn’t doing all that well, either. Look at what happened yesterday:
We also often hear the president talking about how he built the greatest economy ever.

He literally cut corporate taxes in half, but didn’t cut anything for everyday Americans...leaving us with a $1.3T shortfall and forcing us to cut social programs.
Read 5 tweets
25 Sep
.@MSNBC EXCLUSIVE: Former Vice President and Democratic presidential nominee @JoeBiden joined me for a one-on-one conversation about election interference, economic policy, racial injustice and much more.

Read more of our discussion below ⬇️
I asked @JoeBiden what he would do if he wins and President Trump refuses to leave.

He told me: "Every vote in this country’s going to be heard, & they’ll not be stopped. And I’m confident...we’ll have an election in this country as we always have had, and he’ll leave."
In light of claims of Russian interference, I asked @JoeBiden what his message to Vladimir Putin was:

"If I’m elected, I’m coming, because here’s the deal. It’s a violation of our sovereignty...I promise you there will be consequences."
Read 8 tweets
24 Sep
THREAD: FL Atty. General Ashley Moody is calling for a probe into @MikeBloomberg's effort to pay the fines for thousands of ex-felons ahead of Election Day which otherwise would prevent them from being able to vote.

I spoke with the Bloomberg team earlier, here's their response:
Bloomberg team: "This is a transparent political ploy, just the latest example of Republicans attempting to keep Floridians disenfranchised."
Bloomberg team: "It's completely against the will of the people. Two-thirds of the Florida electorate passed the Amendment supporting the right to vote for people who had served their time. But Republicans have done everything they can to obstruct its implementation."
Read 5 tweets

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