Ny Times Fact-Checks Biden: “The Economy Was Not “Booming” In The Final Year Of Biden’s Time As VP, And Trump Did Not “Cause” The Pandemic Recession”

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— The New York Times (@nytimes) September 30, 2020

From nytimes.com

The economy was not “booming” in the final year of Mr. Biden’s time as vice president, and Mr. Trump did not “cause” the pandemic recession. When President Barack Obama and Mr. Biden left office, the economy was healthy, though growth had dipped below 2 percent in 2016 in part because of a contraction in business investment stemming in part from a plunge in oil prices rippling through America’s energy industry. Unemployment had fallen steadily.

Under Mr. Trump, economic growth accelerated from 2016, spurred by the fiscal stimulus of tax cuts and increased government spending and continued monetary stimulus from the Federal Reserve. The first three years of Mr. Trump’s presidency were similar, in terms of economic and job growth, to the first three years of Mr. Obama’s second term.