Trump's economy record is full of tax cut hype, debt, and disease

It was a time of fear and chaos four years ago.

The death count was mounting as COVID-19 spread. Financial markets were panicked. Oil prices briefly went negative. The Federal Reserve slashed its benchmark interest rates to combat the sudden recession. And the U.S. government went on a historic borrowing spree—adding trillions to the national debt—to keep families and businesses afloat.

But as Donald Trump recalled that moment at a recent rally, the former president exuded pride.

“We had the greatest economy in history,” the Republican told his Wisconsin audience. “The 30-year mortgage rate was at a record low, the lowest ever recorded ... 2.65%, that’s what your mortgage rates were.”