Republicans start convention promoting false idea of Trump’s great economy.

Welcome to the Boston Post News, where we bring you the latest updates from the world of politics. Today, we’re diving into the Republican National Convention, where a narrative about the economy has taken center stage.

Republicans are championing the idea that former President Donald Trump engineered the strongest economy in American history. Virginia Gov. Glenn Youngkin lauded it as a “rip-roaring economy,” while Tennessee Sen. Marsha Blackburn pointed to the lower gas prices during Trump’s tenure compared to the current administration.

This narrative, however, is far from the truth. In reality, Trump’s final year in office was marked by soaring unemployment and a plummeting GDP due to the COVID-19 pandemic. Shockingly, he left office with fewer jobs than when he started, a feat that hadn’t been seen since Herbert Hoover.

Even when we discount the pandemic year, Trump’s economic track record falls short. His GDP growth and job creation during his first three years in office lagged behind Barack Obama’s final three years. Ironically, Republicans had criticized Obama’s economic policies as disastrous.

Experts link the high inflation rates in 2022 and 2023 to the massive $5.7 trillion COVID stimulus spending. This spending, aimed at preventing an economic collapse, ultimately led to inflation and subsequent high interest rates. As such, a significant portion of the blame for inflation can be attributed to Trump, as two-thirds of the spending occurred under his administration.

Gas prices did see a drop during Trump’s last year, but this was primarily due to the economic downturn caused by the pandemic. In the years leading up to that, gas prices were higher on average compared to Obama’s final year in office.

Despite Trump’s failed attempt to overturn the 2020 election results and subsequent criminal conviction, he has officially become the Republican nominee for the 2024 presidential election. His acceptance speech is scheduled for Thursday.

As we navigate the twists and turns of the political landscape, it’s crucial to separate fact from fiction. Stay tuned to Boston Post News for more updates on the Republican National Convention and beyond.