- Mar 11, 2015
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Trump loves to exaggerate. And his worshippers believe every word. They should stop doing so because what he's telling them is not true.
After President Trump was pressed on rising consumer prices and slowing economic growth, he defended his tariff policies by claiming they had spurred record investment in the United States.
"I think we probably have close to $9 trillion of investments coming into this country," Mr. Trump said in an interview on NBC's Meet the Press that aired Sunday. "If you look at other presidents, there's never been anything like that."
He has also repeatedly claimed that he secured more investment in his first two months than President Biden did in four years.
Neither claim is supported by evidence, CBS News Confirmed found. While companies have announced hundreds of billions of dollars in planned investments since Mr. Trump's Jan. 20 inauguration, the White House has not provided data showing the total approaches $9 trillion.
Additionally, a CBS News review found that some investments highlighted by the White House were announced before Mr. Trump's reelection. The comparison to the Biden administration is also misleading: the president is citing future investments pledges, while contrasting them with a narrower list of projects that were in the works or completed by the end of his predecessor's term.
Trump touts $9 trillion in new U.S. investment. The numbers don't add up.
After President Trump was pressed on rising consumer prices and slowing economic growth, he defended his tariff policies by claiming they had spurred record investment in the United States.
"I think we probably have close to $9 trillion of investments coming into this country," Mr. Trump said in an interview on NBC's Meet the Press that aired Sunday. "If you look at other presidents, there's never been anything like that."
He has also repeatedly claimed that he secured more investment in his first two months than President Biden did in four years.
Neither claim is supported by evidence, CBS News Confirmed found. While companies have announced hundreds of billions of dollars in planned investments since Mr. Trump's Jan. 20 inauguration, the White House has not provided data showing the total approaches $9 trillion.
Additionally, a CBS News review found that some investments highlighted by the White House were announced before Mr. Trump's reelection. The comparison to the Biden administration is also misleading: the president is citing future investments pledges, while contrasting them with a narrower list of projects that were in the works or completed by the end of his predecessor's term.