>>> A LIVE PICTURE OF THE WHITE HOUSE. 6:25 IN THE MORNING. DURING HIS SPEECH IN NORTH CAROLINA YESTERDAY, DONALD TRUMP MADE SEVERAL FALSE CLAIMS ABOUT THE ECONOMY AND WHAT HE ACCOMPLISHED DURING HIS TIME IN OFFICE. JOINING US WITH A FACT-CHECK FROM THE TREASURY OFFICIAL, "MORNING JOE" ECONOMIC ANALYST STEVE RATTNER. STEVE, AT THE SOUTHWEST WALL, LET'S DIVE RIGHT IN. FIRST UP, HERE'S WHAT DONALD TRUMP SAID YES ABOUT THE ECONOMY DURING HIS ADMINISTRATION. >> WE HAD THE STRONGEST ECONOMY IN HISTORY. THERE'S NEVER BEEN A COUNTRY THAT HAD AN ECONOMY LIKE US. I GAVE HARRIS AND BIDEN AN ECONOMIC MIRACLE, AND THEY QUICKLY TURNED IT INTO AN ECONOMIC NIGHTMARE. >> STEVE, THIS IS AN OFT-REPEATED CLAIM BY DONALD TRUMP THAT HE HAD THE STRONGEST ECONOMY OF ALL TIME. NOW HE'S SAYING HE HANDED JOE BIDEN AN ECONOMIC MIRACLE. >> NOT ONLY NOT EVEN THE STRONGEST ECONOMY, BUT THE LAST TWO PRESIDENTS. THE BEST MEASURE IN ECONOMY IS THE GDP GROWTH RATE. WHEN YOU COMPARE THE TWO. AND I HAVE ADJUSTED OUT COVID IN FAIRNESS TO BOTH PRESIDENTS, ALTHOUGH WHEN YOU SEE IT DOESN'T ACTUALLY CHANGE THE PICTURE. TRUMP GREW HIS ECONOMY AT A RATE OF 2.6 PER YEAR WHICH IS NOT ACTUALLY A BAD RATE. BIDEN GREW HIS ECONOMY AT 3.5% A YEAR. IF YOU TAKE OUT THE EFFECTS OF COVID, THE DISPARITY IS EVEN GREATER. I'VE DONE THIS AS HONESTLY AS I CAN DO IT, NO MATTER HOW YOU DO, EVEN WITH 5,000 YEARS OF ECONOMIES AROUND THE WORLD. SECONDLY, YOU CAN LOOK AT JOBS. THAT'S A VERY IMPORTANT THING IN THE ECONOMY FOR AMERICANS. AGAIN, I'VE ADJUSTED THE EFFECTS OF COVID. 182,000 JOBS A MONTH ON AVERAGE CREATED BY TRUMP. 270,000 JOBS A MONTH CREATED BY BIDEN. AGAIN, IF YOU TAKE OUT COVID, IS THE DISPARITY IS FAR GREATER. SO THAT IS ONE OF HIS MOST PREPOSTEROUS CLAIMS. >> NUMBERS, WE WERE COOKING ALONG AND THEN COVID CAME ALONG. BUT EVEN ADJUSTED FOR COVID, YOU'RE SAYING JOE BIDEN HAS HAD THE BETTER ECONOMY. ALL RIGHT. LET'S MOVE ON TO ENERGY. THIS IS FORMER PRESIDENT TRUMP TALKING YESTERDAY ABOUT AMERICAN ENERGY INDEPENDENCE. >> WE MANAGER INDEPENDENT FOUR YEARS AGO. THINK ABOUT IT. TODAY, WE'RE GETTING ENERGY FROM VENEZUELA IN THE FORM OF TAR. >> STEVE, WHAT DO THE NUMBERS SHOW? >> FIRST OF ALL, WE WERE NEVER ENERGY INDEPENDENT UNDER DONALD TRUMP. IN FACT, NEVER ENERGY INDEPENDENT SINCE 1950. THE REPORTS DID IN FACT DECLINE. THIS IS GOING BACK TO MID-2000s, IT'S NOT SOMETHING HE PARTICULARLY DID. CONTINUED UNDER PRESIDENT BIDEN. AND LO AND BEHOLD, WHEN WE AENERGY INDEPENDENT WAS WHEN WE EXPORTED MORE OIL THAN IMPORTED. TRUMP IS HUNG UP ON VENEZUELA. I'M NOT SURE WHY HE SEEMS TO LIKE DICTATORS BUT IN THIS CASE HE DOESN'T LIKE IT AS MUCH. HE HAS SAID THAT VENEZUELA OIL IS VERY HEAVY AND VERY POLLUTING. BUT LOOK WHAT HAPPENED WITH VENEZUELA OIL. OVER TRUMP, 3.2 BILLION BARRELS A DAY. AND UNDER BIDEN, 1.7 MILLION BARRELS A DAY OF VENEZUELAN OIL. SO THE IDEA THAT SOMEHOW BIDEN IS THE ONE WHO BROUGHT IN ALL OF THE VENEZUELAN OIL IS ABSOLUTELY CONTRADICTED BY THE NUMBERS. >> AS OFTEN THE CASE IS EXACTLY THE OPPOSITE. AS DONALD TRUMP, IN FACT WE'RE NOT RUNNING ON VENEZUELAN TAR. LET'S TALK ABOUT MIGRANT CRIME. DONALD TRUMP IN NORTH CAROLINA WENT ON A TANGENT THAT HE CLAIMS IS A SURGE IN MIGRANT CRIME. >> THEY ALL SAID I WAS WRONG WHEN I SAID MIGRANT CRIME WOULD REACH EPIDEMIC PROPORTIONS. IT'S MUCH WORSE THAN EPIDEMIC PROPORTIONS. WE HAVE A NEW CATEGORY. IT'S CALLED MIGRANT CRIME. AND IT'S GOING TO END UP BEING THE WORST CATEGORY OF ALL. >> ALL RIGHT, STEVE, WHAT DOES THE DATA SHOW? >> IT WAS SUPPOSED TO BE AN ECONOMIC SPEECH AND HE CAN'T HELP HIMSELF, HE HAS TO GET OFF TO MIGRATION AND THE BORDER. FIRST OF ALL, TALKING CRIME IN GENERAL, HE LIKES TO THINK THE COUNTRY IS IN THE MIDDLE OF SOME CRIME WAVE, THAT IS ACTUALLY NOT TRUE. VIOLENT CRIME FOR 100,000 PEOPLE HAS DROPPED 26% FOR JOE BIDEN. DOWN TO 294. AND WHAT IS EVEN MORE AMAZING, AND THE FACT END OF TRUMP'S ADMINISTRATION, SLIGHTLY HIGHER THAN WHEN IT BEGAN, OR CERTAINLY, AT BEST, MOST FAVORABLY, YOU CAN'T SEE ANY IMPROVEMENT UNDERSTAND TRUMP'S ADMINISTRATION. ALL OF THE IMPROVEMENT HAS BEEN UNDERSTAND THE BIDEN ADMINISTRATION. NOW, THERE'S THE FALLACY OF MIGRANT CRIME. IF YOU READ "THE NEW YORK POST," OF COURSE, YOU THINK ALL CRIME IS COMMITTED BY MIGRANTS. IN FACT, WE'VE TALKED ABOUT THIS I THINK BEFORE. BUT IT'S REALLY QUITE DRAMATIC. IF YOU BREAK CRIME DOWN BETWEEN NATIVE-BORN AMERICANS, DOCUMENTED IMMIGRANTS AND UNDOCUMENTED IMMIGRANTS. YOU CAN SEE THE NATIVE-BORN CRIME RATE IS ACTUALLY HIGHER FOR DOCUMENTED IMMIGRANTS AND WAY HIGHER THAN FOR UNDOCUMENTED IMMIGRANTS. THAT'S TRUE WHETHER YOU LOOK AT VIOLENT CRIME, VIOLENT CRIME. AND FOR THE UNDOCUMENTED IMMIGRANTS IT'S NOT TOTALLY SURPRISING, THEY DON'T WANT TO GET SENT BACK TO WHEREVER THEY CAME FROM, SO THEY TEND TO BEHAVE THEMSELVES BETTER THAN A LOT OF AMERICANS AND DOCUMENTED IMMIGRANTS. SO THIS IS A COMPLETE FICTION THAT DONALD TRUMP HAS CREATED. >> AND STEVE, RIGHT ON CUE "THE NEW YORK POST'S" POSTER CHILD IN HANDCUFFS. GREAT CHARTS, TELLING THE TRUTH AS ALWAYS WITH DATA, STEVE. BEFORE I LET YOU KNOW, I'LL ASK YOU ABOUT THE INFLATION NUMBER THAT CAME DOWN 2.9% YEAR OVER YEAR. WHAT DOES THAT MEAN FOR THE ECONOMY? >> YEAH, THIS IS GOOD NEWS. EVEN TRUMP BRIEFLY ACKNOWLEDGED IT. THE LOWEST INFLATION RATE SINCE 2021. GETTING CLOSE TO THE FED'S TARGET OF 2%. AND CONSUMERS ARE STARTING TO PULL BACK AND THE ECONOMY IS STARTING TO WEAKEN A LITTLE BIT IS PRETTY MUCH SOLIDIFIED A RATE CUT BY THE FED IN SEPTEMBER. THAT'S GOOD NEWS FOR HOMEOWNERS. THAT'S GOOD NEWS FOR BOROWERS AND GETTING THE ECONOMY GOING AND POLITICALLY GOOD