Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
S&P Global: Fragmented Climate and Energy Strategies to...
Ontario Accelerates C$5 Billion Crawford Nickel Project Under...
Mining Giants BHP and Rio Tinto to Collaborate...
US, Taiwan to Invest US$250 Billion in American...
7 Mining Companies Make Top 10 on 2026...
Harvest Gold
SAGA Metals Announces Additional Assay Results from Drilling...
Tech Weekly: Chip Stocks Soar on Taiwan Semiconductor...
Top 5 Canadian Mining Stocks This Week: Homeland...
Editor’s Picks: Gold Price Breaks US$4,600, Silver Tops...
  • Business
  • Economy
  • Investing
  • Politics

Smart Trade Insights

Politics

Vance repeats a bogus Trump claim on ‘factories’ debunked years ago

by admin August 29, 2024
August 29, 2024
Vance repeats a bogus Trump claim on ‘factories’ debunked years ago

“If you go back to the Trump presidency, we had 12,000 factories that were built during Donald Trump’s presidency.”

— Republican vice-presidential nominee JD Vance, in remarks on NBC’s “Meet the Press,” Aug. 25

Vance, in defending former president Donald Trump’s proposal for across-the-board tariffs, argued that Trump managed to bring back manufacturing jobs from overseas when he was president. He then cited as evidence a statistic that immediately gave us PTSD.

“12,000 factories” — we’d fact-checked this falsehood during the Trump administration. Trump said it 15 times during his presidency, according to our database of false and misleading claims, including in the 2020 State of the Union address. He began making this claim after reports that, before the covid pandemic, the manufacturing sector was entering a recession.

But this is an especially bogus figure.

The Facts

“Factories” conjures up images of smokestacks and production lines, but the dataset cited by Trump — and now Vance — is not really about factories. Trump is citing a Bureau of Labor Statistics database set known as the Quarterly Census of Employment and Wages, which counts the number of “establishments in private manufacturing.”

But more than 80 percent of these “manufacturing establishments” employ five or fewer people. If those sound like pretty small factories, that’s because many are not “factories.” The BLS considers any establishment “engaged in the mechanical, physical, or chemical transformation of materials, substances, or components into new products.” So that also means establishments “that transform materials or substances into new products by hand or in the worker’s home and those engaged in selling to the general public products made on the same premises from which they are sold, such as bakeries, candy stores, and custom tailors.”

It’s also strange that Vance would rely on an outdated Trump statistic. As we mentioned, Trump included this in the 2020 State of the Union address, and it represented the period from the first quarter of 2017 to the third quarter of 2019.

For all of Trump’s presidency, the figure would be nearly 18,000 additional “manufacturing establishments.” But here’s the rub: Through the first quarter of this year, President Joe Biden could claim a gain of nearly 39,000 during his tenure.

A Vance spokesman did not respond to a request for comment.

The Pinocchio Test

It says something about the quality of Trump campaign research that Vance would need to reach back to an outdated claim debunked four years ago. These aren’t really factories — and Trump’s record on this statistic fares poorly compared with Biden’s.

Vance earns Four Pinocchios.

Four Pinocchios

(About our rating scale)

Send us facts to check by filling out this form.

Sign up for The Fact Checker weekly newsletter.

The Fact Checker is a verified signatory to the International Fact-Checking Network code of principles.

This post appeared first on washingtonpost.com

previous post
Did Trump’s campaign break the law at Arlington National Cemetery?
next post
FBI identifies no motive or foreign links in Trump assassination attempt

You may also like

Trump pledges to jail opponents, baselessly suggests election...

September 9, 2024

How reported threats in N.C. trace to Trump-fueled...

October 15, 2024

Obama rallies with Walz in Wisconsin: ‘America is...

October 23, 2024

Mark Meadows’s Arizona charges to stay in state...

September 17, 2024

Biden spurs controversy by saying ‘We’ve got to...

October 23, 2024

U.S., Egypt, Qatar urge Israel, Hamas to restart...

August 9, 2024

Former vice president Dick Cheney says he will...

September 7, 2024

Obama admonishes Black men for hesitancy in supporting...

October 11, 2024

Biden, in rare appearance since stepping aside, touts...

August 14, 2024

No, every Trump budget did not seek to...

August 20, 2024

    Fill Out & Get More Relevant News


    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • S&P Global: Fragmented Climate and Energy Strategies to Define 2026

      January 17, 2026
    • Ontario Accelerates C$5 Billion Crawford Nickel Project Under New One-Process Framework

      January 17, 2026
    • Mining Giants BHP and Rio Tinto to Collaborate on Iron Ore

      January 17, 2026
    • US, Taiwan to Invest US$250 Billion in American Semiconductor Manufacturing

      January 17, 2026
    • 7 Mining Companies Make Top 10 on 2026 OTCQX Best 50 List

      January 17, 2026
    Promotion Image

    banner ads

    Categories

    • Business (928)
    • Economy (839)
    • Investing (3,673)
    • Politics (747)
    • Privacy Policy
    • Terms & Conditions

    Disclaimer: smarttradeinsights.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.


    Copyright © 2026 smarttradeinsights.com | All Rights Reserved