2019 State of the Union address: on Budget & Economy


Stacey Abrams: FactCheck: Tax bill might be "rigged" but economy doing well

Stacey Abrams, former candidate for Georgia governor, in the Democratic response to Trump's speech, said: "The Republican tax bill rigged the system against working people. Rather than bringing back jobs, plants are closing, layoffs are looming and wages struggle to keep pace with the actual cost of living.

THE FACTS: The economy is doing better after the introduction of the Trump administration's tax cuts than Abrams suggests. The number of people seeking unemployment benefits, a proxy for layoffs, briefly fell to a five-decade low last month. And average hourly pay is running ahead of inflation.

Source: A.P. Fact-Check on 2019 State of the Union address Feb 6, 2019

Bernie Sanders: US "hottest economy" only applies to the wealthy

[In the 2019 State of the Union speech], and on numerous occasions, Donald Trump has told the American people that the U.S. economy is "the hottest economy anywhere in the world."

Well, that may be true for the members of his Mar-a-Lago country club where the price of admission has doubled to $200,000. For those folks and for the wealthiest people in our nation, Trump is right. The economy is really booming. In fact, for many of Mr. Trump's billionaire friends, they have never, ever had it so good.

But for the middle class and working families of this country, the truth is that the economy is not so great.

Despite what President Trump says, it is not "a hot economy" when 43 percent of households can't afford to pay for housing, food, child care, health care, transportation and a cell phone without going into debt. That is not a hot economy.

Source: Progressive response to 2019 State of the Union speech Feb 5, 2019

  • The above quotations are from 2019 State of the Union address to Congress, plus the Democratic response, Feb. 6, 2019.
  • Click here for definitions & background information on Budget & Economy.
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  • Click here for more quotes by Donald Trump on Budget & Economy.
  • Click here for more quotes by Elizabeth Warren on Budget & Economy.
2020 Presidential contenders on Budget & Economy:
  Democrats running for President:
Sen.Michael Bennet (D-CO)
V.P.Joe Biden (D-DE)
Mayor Mike Bloomberg (I-NYC)
Gov.Steve Bullock (D-MT)
Mayor Pete Buttigieg (D-IN)
Sen.Cory Booker (D-NJ)
Secy.Julian Castro (D-TX)
Gov.Lincoln Chafee (L-RI)
Rep.John Delaney (D-MD)
Rep.Tulsi Gabbard (D-HI)
Sen.Amy Klobuchar (D-MN)
Gov.Deval Patrick (D-MA)
Sen.Bernie Sanders (I-VT)
CEO Tom Steyer (D-CA)
Sen.Elizabeth Warren (D-MA)
Marianne Williamson (D-CA)
CEO Andrew Yang (D-NY)

2020 Third Party Candidates:
Rep.Justin Amash (L-MI)
CEO Don Blankenship (C-WV)
Gov.Lincoln Chafee (L-RI)
Howie Hawkins (G-NY)
Gov.Gary Johnson(L-NM)
Howard Schultz(I-WA)
Gov.Jesse Ventura (I-MN) 		Republicans running for President:
Sen.Ted Cruz(R-TX)
Gov.Larry Hogan (R-MD)
Gov.John Kasich(R-OH)
V.P.Mike Pence(R-IN)
Gov.Mark Sanford (R-SC)
Pres.Donald Trump(R-NY)
Rep.Joe Walsh (R-IL)
Gov.Bill Weld(R-MA & L-NY)

2020 Withdrawn Democratic Candidates:
Sen.Stacey Abrams (D-GA)
Mayor Bill de Blasio (D-NYC)
Sen.Kirsten Gillibrand (D-NY)
Sen.Mike Gravel (D-AK)
Sen.Kamala Harris (D-CA)
Gov.John Hickenlooper (D-CO)
Gov.Jay Inslee (D-WA)
Mayor Wayne Messam (D-FL)
Rep.Seth Moulton (D-MA)
Rep.Beto O`Rourke (D-TX)
Rep.Tim Ryan (D-CA)
Adm.Joe Sestak (D-PA)
Rep.Eric Swalwell (D-CA)
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Page last updated: May 25, 2020