Maloney Sets the Record Straight on the Economy Prior to the State of the Union Address
WASHINGTON, DC—Congresswoman Carolyn B. Maloney (NY-12), Senior House Democrat on the U.S. Congress Joint Economic Committee, today released information outlining misleading claims President Donald Trump has made about the economy and that may appear in his State of the Union Address.
“Tonight the President will do what he does best – take credit for someone else’s achievements,” said Rep. Maloney. “Under President Obama, the unemployment rate was cut in half from its peak during the Bush-era recession, from 10 percent to under five percent. The African-American unemployment rate also was cut nearly in half, from about 16 percent at its recession peak to about 8 percent. More than 15 million private sector jobs were created during the Obama Administration after we climbed out of the Great Recession and the stock market increased by 250 percent.
“Before last year’s election, candidate Trump claimed that these numbers were ‘fake’ and that these achievements were meaningless. Now, he claims full credit for trends that were firmly established during the Obama Administration.”
“President Obama left us an economy far stronger than the one he inherited and no one should be more grateful to him than President Trump. So I will say what Mr. Trump should say tonight but won’t – thank you President Obama.”
You can see the letter Rep. Maloney sent to Members of the House of Representatives about the state of the economy here.