In the first State of the Union address of his second term, President Donald Trump proclaimed that “our nation is back, bigger, better, richer and stronger than ever before.”

“What a difference a president makes,” Trump said. “A short time ago, we were a dead country. Now we are the hottest country anywhere in the world.”

But our review of his speech found that he distorted a number of facts about the state of the economy, health care, immigration and other topics.

• Trump falsely claimed that he inherited “a stagnant economy” with “inflation at record levels.” Annual growth in real GDP was 2.5% or higher each year under former President Joe Biden, and the annual inflation rate was down to 3% from its peak of 9.1% peak when Trump took office.

• The president went on to claim that the economy “is roaring like never before,” but real GDP growth in 2025 was down to 2.2%, according to a federal estimate. Also, the unemployment rate has increased slightly under Trump.

• He misleadingly claimed that prices are “plummeting downward” because of his policies. The annual rate of inflation has declined, but prices overall are still increasing.

• Trump’s claim that “more Americans are working today than at any time in the history of our country,” while accurate, doesn’t account for population growth. Job growth slowed a bit last year.

• The president misleadingly claimed that Americans “will now pay the lowest price anywhere in the world for drugs.” The administration’s negotiations...

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