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...

(CONT’D)
...saying he built the greatest economy ever...

NONE OF THE ABOVE IS TRUE

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...

(CONT’D)
... 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...

(CONT’D)
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