The reality behind Trump's incredible investment claims
Summary
The article examines former President Donald Trump's claim that $12 trillion in business investment was committed during his term, highlighting that much of the investment was already planned before he took office. Official figures and analyses show the actual new investment amount is likely far lower, with estimates closer to $134 billion or even $30 billion.Key Facts
- Trump claimed that over $12 trillion in business investment was committed during his presidency.
- Official US data on business investment is updated every three months and does not support Trump's claim.
- Some business investments credited to Trump were initiated before he took office, such as Corning's $1.5 billion plant.
- The White House reported $5.3 trillion in new investments as of June, which is less than Trump's claim.
- Analysis by Goldman Sachs estimated new investments could be as low as $134 billion, and possibly just $30 billion when considering risks and pre-existing plans.
- Some investment announcements include spending that is not traditional investment, such as wages and taxes paid by companies like Apple.
- Economic uncertainty and concerns over policies have only led to incremental investment increases, according to experts.
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