Former Presidents Donald Trump and Joe Biden have made various claims during their speeches at the Republican and Democratic National Conventions regarding the economy, immigration, taxes, and regulation cuts. Let's fact-check some of these statements.
Economy: Trump claimed that he handed over a stock market that was higher than prior to COVID-19. However, under Biden's administration, the S&P 500 index has gone up by 50%. Trump also stated that he oversaw the best economy in US history based on GDP growth, which averaged over 2.5% after inflation during his term. In contrast, under Biden's administration, annual GDP growth is averaging 3.4%, and the unemployment rate is currently at 4%.
Immigration: Trump made claims about a 'massive invasion' at the southern border causing misery, crime, poverty, disease and destruction to communities. However, there is no evidence of a major surge in crime caused by recent arrivals. U.S.-born citizens are over 2 times more likely to be arrested for violent crimes and 2.5 times more likely to be arrested for drug crimes than undocumented immigrants.
Taxes and Regulation Cuts: Trump claimed that he oversaw the biggest regulation cuts ever, but there is no reliable metric on which to judge this claim. Trump also made claims about Biden's plans to quadruple taxes, but his latest budget does not include such plans.
It is important to note that fact-checking requires a thorough analysis of all available evidence and context. The statements made by both presidents during their speeches should be taken with a grain of salt and verified through multiple sources before accepting them as true.