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Trump takes credit for economic bounce but also paints a gloomy picture

President Trump took credit for the stock market’s jolt since his election and said companies are committed to bringing jobs back into the United States. But he also painted a picture of an economic wasteland, with 43 million people participating in the Supplemental Nutrition Assistance Program (also known as food stamps) and factories leaving the United States.

To be sure, Trump is cherry picking data to support both economic enthusiasm following his election and the doom and gloom scenario he has long portrayed about the state of the economy. But he is also hitting economic themes that many American workers feel to be true. The number of American workers collecting SNAP benefits is very high considering how low the unemployment rate is. Factories in the United States have closed, for decades, both because of trade deals but also because of wage pressures and globalization.

Can he reverse these trends easily? Likely, no one could. But he identified these issues on the campaign trail and he is sticking to these themes.

Real-time fact-checking and analysis of Trump’s address to Congress
Trump addresses a joint session of Congress on Tuesday. (Photo by Chip Somodevilla/Getty Images)

President Trump is headed to the Capitol tonight to deliver his first speech as president to a joint session of Congress. The speech is expected to outline budget goals and priorities.

The speech is scheduled to start at 9 p.m.; you can watch coverage starting at 8:45 p.m. here.