Donald Trump’s “economic depression” lie: His massive loss came during a booming economy

[applegrove]

Donald Trump’s “economic depression” lie: His massive loss came during a booming economy

by JEFF HORWITZ AND CHAD DAY, ASSOCIATED PRESS at Salon

http://www.salon.com/2016/10/04/ap-fact-check-trump-distorts-90s-economic-downturn-2/

"SNIP..............


A look at some of Trump’s claims and how they compare with the facts:

___

TRUMP: “The news media is now obsessed with an alleged tax filing from the 1990s at the end of one of the most brutal economic downturns in our country’s history. If you remember the early ’90s, other than I would say 1928, there was nothing even close,” Trump said. He later called the early ’90s “an economic depression.”

THE FACTS: The early 1990s might have been more painful for Trump, but for the vast majority of Americans, the Great Recession, which began in 2007, was much worse. Total employment fell by 8.7 million jobs nationwide — compared with just 1.6 million jobs lost during the early 1990s. The jobs reduction during the Great Recession was more than 4 times greater as a proportion of the labor force. The Great Recession also lasted for 18 months — more than double the length of the downturn Trump cited as worse.

...............SNIP"