Trump Steals Credit For Investments Made Under Biden-Harris Administration to Mask His Failing Economic Policy Arrow

In response to new reporting highlighting how Trump is taking credit for $1.3 trillion in domestic investments and projects made during the Biden-Harris administration, DNC Chair Ken Martin released the following statement:

"Despite being in office for nearly seven months, Donald Trump has accomplished nothing for working families. Instead, he is hurting our economy, kicking Americans off of health care, and steering us toward economic crisis - and he's well aware. That's why he's hiding behind the economic accomplishments from the last administration to mask the fact that he inherited a booming economy and is running it into the ground."

The Trump administration is touting a mere $2.6 trillion in investments - half of which originated before Donald Trump took office - far below Trump's claim that he had secured $14 trillion in U.S. investments.

Reuters: "As of July 2, the website listed more than $2.6 trillion in U.S. investments, well short of the $14 trillion Trump boasts about.

"But a Reuters review found that just under half of the claimed spending on the website - totaling more than $1.3 trillion - originated under former President Joe Biden or represented routine spending repackaged to promote domestic investments.

"At least eight of the projects touted by the White House had sought or secured critical local incentive packages before Trump took office while at least a half dozen other projects had already been announced by local officials or the companies themselves. …

"Two of the Trump Effect projects were aided by Biden's legislative efforts to boost domestic manufacturing, the review found. …

"Many of the projects on the list relied heavily on state and local incentive packages - such as grants or tax breaks - that were approved prior to Trump taking office in January. …

"In some cases, the investment touted by the White House and the companies represented the normal cost of business."