Smart Trade Insights
  • Business
  • Economy
  • Investing
  • Politics
Top Posts
AI Still Has Legs, but Valuation Risk is...
Crypto Market Update: White House Pushes for Compromise...
Anglo Takes Third De Beers Writedown in Three...
Cellulose Breakthrough Could Simplify Rare Earths Separation
Western Copper and Gold Announces Filing of Final...
Tech Weekly: Stocks Rally After SCOTUS Ruling on...
Top 5 Canadian Mining Stocks This Week: Belo...
Gold and Silver Stocks Dominate TSX Venture 50...
Nuvau Minerals Announces Amendment to Private Placement Terms
Kinross’ Great Bear Gold Project Accelerated Under Ontario’s...
  • 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

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

September 17, 2024

Harris is underperforming Clinton at this point —...

August 29, 2024

The Democratic Party looks more like America, and...

August 23, 2024

Harris and Trump take divergent paths in a...

October 13, 2024

Trump-aligned group believed to have been attacked by...

October 13, 2024

Jesse Watters doesn’t know how polls work

August 9, 2024

Trump lambastes immigrants using false homicide claims

September 30, 2024

Vance used past GOP climate inaction to argue...

October 3, 2024

Harris says she will put a Republican in...

August 30, 2024

Grieving Ohio father to Trump and Vance: Stop...

September 12, 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

    • AI Still Has Legs, but Valuation Risk is Back in Focus

      February 21, 2026
    • Crypto Market Update: White House Pushes for Compromise in Stablecoin Negotiations

      February 21, 2026
    • Anglo Takes Third De Beers Writedown in Three Years

      February 21, 2026
    • Cellulose Breakthrough Could Simplify Rare Earths Separation

      February 21, 2026
    • Western Copper and Gold Announces Filing of Final Short Form Prospectus

      February 21, 2026
    Promotion Image

    banner ads

    Categories

    • Business (940)
    • Economy (839)
    • Investing (3,944)
    • 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