politics @lemmy.worldEnglish · 7 hours ago

Trump says the economy ‘went to hell’ under Biden. The opposite is true

www.theguardian.com

cross-posted to:
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Trump says the economy ‘went to hell’ under Biden. The opposite is true

www.theguardian.com

MicroWave@lemmy.world to

politics @lemmy.worldEnglish · 7 hours ago

cross-posted to:
[email protected]

By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shape

Summary

Donald Trump claims he inherited an economic disaster from Joe Biden, but key economic data contradicts him.

When Biden left office, unemployment was 4.1%, inflation had dropped to 2.9%, and GDP growth was strong. Job growth under Biden outpaced Trump’s tenure, and manufacturing saw major gains.

While inflation spiked due to global events, the economy remained resilient. Wall Street performed well under Biden but has struggled under Trump’s tariff policies.

Economists widely reject Trump’s narrative, calling Biden’s economy one of the strongest post-pandemic recoveries.

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