First, there's the matter of where the U.S. economy is right now. Mr. Trump claimed an economic growth rate of 3 percent and said Barack Obama never achieved that while in office. He was talking about his own quarterly rate, not an annualized rate, and by that standard, the Obama administration hit the mark (and better) multiple times. Second, he observed that the U.S. growth compares unfavorably with other countries, but that's highly misleading, too. Emerging economies like India will, of course, have higher growth rates than more established, more fully developed countries. Then the president claimed the U.S. had as much as $5 trillion in corporate profits parked overseas when the number is most commonly estimated at $2.6 trillion to $2.8 trillion. He also said 90 percent of Americans need "professional help to do their taxes," but that calculation only works if you throw in software like TurboTax, which is like saying 90 percent of Americans need help with writing because they use Microsoft Word's spellcheck function.