Just as Donald Trump has lied about ending eleventy bazillion wars, lied about the affordability crisis, and collected a fake Peace Prize from FIFA,, he has also fabricated the number of new investments flowing into the United States since taking office. Trump is also claiming credit for some corporate investments announced under Biden.
“Twenty-one trillion dollars will be the amount invested in the United States — or committed to invest — in one year,” Trump said in November in a meeting with Saudi Crown Prince Mohammed bin Salman. And then in the Oval Office this Wednesday, in between nappy time, Trump said, “In 10 months, we have $18 trillion being invested.”
So, where is all this money? It doesn’t exist.
CBS News took a deep dive into the matter only to find “no evidence that total commitments or new investments approach the scale the president has cited. While companies and foreign governments have announced large-scale projects since Mr. Trump’s inauguration, the White House has not provided documentation showing total investments approaching $21 trillion — an amount roughly two-thirds of the annual GDP.”
Via CBS News:
