WE’LL TAKE A CLOSER LOOK AT THE NUMBERS AND EXPLAIN HOW OUR

NUMBERS AND EXPLAIN HOW OUR ECONOMY GOT HERE.

ECONOMY GOT HERE. >> IT WAS NO SURPRISE THE

>> IT WAS NO SURPRISE THE PRESIDENT WAS GOING TO COME IN

PRESIDENT WAS GOING TO COME IN HOT TALKING ABOUT THE ECONOMY.

HOT TALKING ABOUT THE ECONOMY. >> I AM THRILLED TO REPORT TO

>> I AM THRILLED TO REPORT TO YOU OUR ECONOMY IS THE BEST IT

YOU OUR ECONOMY IS THE BEST IT HAS EVER BEEN.

HAS EVER BEEN. >> WE ARE AT HISTORIC LOW

>> WE ARE AT HISTORIC LOW UNEMPLOYMENT RATES, THE ECONOMY

UNEMPLOYMENT RATES, THE ECONOMY IS GROWING, AND LOOK AT THE

IS GROWING, AND LOOK AT THE STOCK MARKET.

STOCK MARKET. IT CLOSED AT RECORD HIGHS

IT CLOSED AT RECORD HIGHS YESTERDAY.

YESTERDAY. OF COURSE HE WOULD LEAD WITH

OF COURSE HE WOULD LEAD WITH THAT.

THAT. BUT HERE IS WHAT MAKES

BUT HERE IS WHAT MAKES ABSOLUTELY NO SENSE.

ABSOLUTELY NO SENSE. THE PRESIDENT LIED ABOUT IT.

THE PRESIDENT LIED ABOUT IT. STRAIGHT OUT OF THE GAIT.

STRAIGHT OUT OF THE GAIT. >> IF WE HADN’T REVERSED THE

>> IF WE HADN’T REVERSED THE FAILED ECONOMIC POLICIES OF THE

FAILED ECONOMIC POLICIES OF THE PREVIOUS ADMINISTRATION, THE

PREVIOUS ADMINISTRATION, THE WORLD WOULD NOT NOW BE

WORLD WOULD NOT NOW BE WITNESSING THIS GREAT ECONOMIC

WITNESSING THIS GREAT ECONOMIC SUCCESS.

SUCCESS. >> THAT’S ABSOLUTELY NOT TRUE.

>> THAT’S ABSOLUTELY NOT TRUE. WE ARE IN THE 11th YEAR OF

WE ARE IN THE 11th YEAR OF ECONOMIC EXPANSION, WHICH

ECONOMIC EXPANSION, WHICH STARTED IN THE OBAMA

STARTED IN THE OBAMA ADMINISTRATION.

ADMINISTRATION. THE PRESIDENT IS RIGHT, HE

THE PRESIDENT IS RIGHT, HE CREATED 6.7 MILLION JOBS IN THE

CREATED 6.7 MILLION JOBS IN THE FIRST THREE YEARS.

FIRST THREE YEARS. THAT’S IMPRESSIVE.

THAT’S IMPRESSIVE. BUT IT’S OVER A MILLION LESS

BUT IT’S OVER A MILLION LESS THAN OBAMA CREATED IN HIS LAST

THAN OBAMA CREATED IN HIS LAST THREE YEARS.

THREE YEARS. IT’S REALLY IMPORTANT TO NOTE

IT’S REALLY IMPORTANT TO NOTE LAST NIGHT WASN’T OFF THE CUFF.

LAST NIGHT WASN’T OFF THE CUFF. LAST NIGHT WAS A SCRIPTED

LAST NIGHT WAS A SCRIPTED SPEECH, MORE THAN A SPEECH.

SPEECH, MORE THAN A SPEECH. IT WAS A SHOW.

IT WAS A SHOW. A PRESENTATION.

A PRESENTATION. THE TRUMP ADMINISTRATION

THE TRUMP ADMINISTRATION ABSOLUTELY KNOWS THAT PEOPLE

ABSOLUTELY KNOWS THAT PEOPLE LIKE ME ARE FRANTICLY

LIKE ME ARE FRANTICLY FACT-CHECKING EVERY LIE HE IS

FACT-CHECKING EVERY LIE HE IS SAYING, AND WE ARE GOING TO

SAYING, AND WE ARE GOING TO POINT OUT ALL OF THOSE LIES.

POINT OUT ALL OF THOSE LIES. THINK ABOUT PRESIDENT TRUMP, WHO

THINK ABOUT PRESIDENT TRUMP, WHO HE WAS BEFORE HE WAS IN OFFICE,

HE WAS BEFORE HE WAS IN OFFICE, HIS SUCCESS AS A BISMAN.

HIS SUCCESS AS A BISMAN. HIS SKEZ IS IN SHOW BIZNESS.

HIS SKEZ IS IN SHOW BIZNESS. WHEN HE RAN AND OPERATED REAL

WHEN HE RAN AND OPERATED REAL BUSINESSES, HE HAD A WHOLE LOT

BUSINESSES, HE HAD A WHOLE LOT OF FAILURES, OVER FOUR

OF FAILURES, OVER FOUR BANKRUPTSIES.

BANKRUPTSIES. I’M TALKING PROIM TRUMP

I’M TALKING PROIM TRUMP UNIVERSITY, TRUMP HOTEL AND

UNIVERSITY, TRUMP HOTEL AND CASINO, TRUMP ENTER TRAIMT,

CASINO, TRUMP ENTER TRAIMT, TRUMP VODKA, TRUMP STEAKS, TAKE

TRUMP VODKA, TRUMP STEAKS, TAKE YOUR PICK, EVEN ONE FIND

YOUR PICK, EVEN ONE FIND $2 MILLION.

$2 MILLION. WHERE WAS THE PRESIDENT’S SUPER

WHERE WAS THE PRESIDENT’S SUPER SUCCESS?

SUCCESS? TV PRODUCING?

TV PRODUCING? THE APPRENTICE.

THE APPRENTICE. A SHOW WHERE HE WAS A HARD

A SHOW WHERE HE WAS A HARD CHARGING NEW YORK CITY

CHARGING NEW YORK CITY BUSINESSMAN PUTTING ON A

BUSINESSMAN PUTTING ON A BUSINESS SHOW.

BUSINESS SHOW. AND MILLIONS OF PEOPLE ATE IT

AND MILLIONS OF PEOPLE ATE IT UP.

UP. WHERE HIS SUCCESS WAS WAS

WHERE HIS SUCCESS WAS WAS CREATING A BRAND AND LENDING

CREATING A BRAND AND LENDING THAT BRAND TO ALL SORTS OF REAL

THAT BRAND TO ALL SORTS OF REAL ESTATE PROJECTS.

ESTATE PROJECTS. AND THAT’S WHAT HE WOULD DO.

AND THAT’S WHAT HE WOULD DO. HE IS PUTTING ON A BUSINESS AND

HE IS PUTTING ON A BUSINESS AND ECONOMIC SHOW.

ECONOMIC SHOW. THE OTHER PIECE OF AIR COVER THE

THE OTHER PIECE OF AIR COVER THE PRESIDENT HAS COMES FROM THE

PRESIDENT HAS COMES FROM THE BUSINESS COMMUNITY.

BUSINESS COMMUNITY. WHAT HAS KEPT ITS ECONOMIC

WHAT HAS KEPT ITS ECONOMIC EXPANSION GOING OVER THE LAST

EXPANSION GOING OVER THE LAST TWO YEARS?

TWO YEARS? YES, DEREGULATION.

YES, DEREGULATION. A LOT OF COMPANIES WEREN’T

A LOT OF COMPANIES WEREN’T SPENDING BECAUSE THEY THOUGHT

SPENDING BECAUSE THEY THOUGHT REGULATION WAS COMING UNDER THE

REGULATION WAS COMING UNDER THE OBAMA REGULATION.

OBAMA REGULATION. BUT IT’S ALSO THE RECORD TAX

BUT IT’S ALSO THE RECORD TAX CUTS THAT CORPORATE AMERICA GOT.

CUTS THAT CORPORATE AMERICA GOT. WHEN YOU LOOK AT THE NUMBERS

WHEN YOU LOOK AT THE NUMBERS THOSE BUSINESSES AREN’T

THOSE BUSINESSES AREN’T INVESTING.

INVESTING. YOU’RE NOT SEEING A TRICKLEDOWN

YOU’RE NOT SEEING A TRICKLEDOWN THAT YOU THOUGHT WOULD HAPPEN.

THAT YOU THOUGHT WOULD HAPPEN. INSTEAD YOU’RE SEEING STOCK

INSTEAD YOU’RE SEEING STOCK BUYBACKS, MANY THINGS THAT HELP

BUYBACKS, MANY THINGS THAT HELP BOOST SHARE PRICES.

BOOST SHARE PRICES. THERE ARE GOOD POINTS BUT THE

THERE ARE GOOD POINTS BUT THE PRESIDENT IS STATINGOVERSTATING

PRESIDENT IS STATINGOVERSTATING HE TALKED ABOUT THE BLUE-COLLAR

HE TALKED ABOUT THE BLUE-COLLAR BOOM.

BOOM. THERE IS NO BLUE-COLLAR BOOM.

THERE IS NO BLUE-COLLAR BOOM. YES, WE ARE SEEING SOME OF OUR

YES, WE ARE SEEING SOME OF OUR LOWEST WAGE JOBS GET A WAGE

LOWEST WAGE JOBS GET A WAGE INCREASE.

INCREASE. WE’RE SEEING IT ON A STATE LEVEL

WE’RE SEEING IT ON A STATE LEVEL WHERE SOME STATES HAVE RAISED

WHERE SOME STATES HAVE RAISED THEIR MINIMUM WAGE.

THEIR MINIMUM WAGE. LASTLY, SOME OF HIS BASE VOTERS

LASTLY, SOME OF HIS BASE VOTERS HAVE BEEN HURT THE MOST BY

HAVE BEEN HURT THE MOST BY THINGS LIKE THE CHINA TRADE WAR,

THINGS LIKE THE CHINA TRADE WAR, WHICH RESULTED IN THE PRESIDENT

WHICH RESULTED IN THE PRESIDENT HAVING TO GET A BIG FAT CHECK TO

HAVING TO GET A BIG FAT CHECK TO FARMERS ACROSS AMERICA,

FARMERS ACROSS AMERICA, $28 BILLION OF FARM AID, MANY OF

$28 BILLION OF FARM AID, MANY OF THOSE FARMERS SAYING, AT LEAST

THOSE FARMERS SAYING, AT LEAST HE’S DOING SOMETHING.

HE’S DOING SOMETHING. WHAT THE PRESIDENT DID WAS PUT

WHAT THE PRESIDENT DID WAS PUT ON A STAR-SPANGLED SPECTACULAR

ON A STAR-SPANGLED SPECTACULAR SHOW.

SHOW. BUT WHAT YOU DIDN’T HEAR THE

BUT WHAT YOU DIDN’T HEAR THE ECONOMIC NUMBERS, YOU SCRATCH

ECONOMIC NUMBERS, YOU SCRATCH YOUR HEAD SAYING, IT’S GOING TO

YOUR HEAD SAYING, IT’S GOING TO BE THE ECONOMY.

BE THE ECONOMY. IT IS TOUGH TO BEAT SOMEONE

IT IS TOUGH TO BEAT SOMEONE RUNNING FOR RE-ELECTION WHO’S

RUNNING FOR RE-ELECTION WHO’S GOT A COUNTRY AT LOW UNLIMIT.