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.

  • JasonDJ@lemmy.zip
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    6 hours ago

    This is it. GDP alone tells a very small part of the picture. It shows the health of the economy as a whole.

    A much better picture would be median net worth.

    Something like this…

    Median Net Worth in the U.S. Over Time

    • technocrit@lemmy.dbzer0.com
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      2 hours ago

      This is it. GDP alone tells a very small part of the picture. It shows the health of the economy as a whole.

      lol

      Something like this…

      Yes… But it would be better with the Biden years. Let’s see how genocide joe reversed this trend. \s

    • givesomefucks@lemmy.world
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      5 hours ago

      All we need to do to stop Republicans from winning is make that purple line go up…

      But a neoliberal like Hillary, Biden, or Harris won’t do it

      So poor people vote for the liar that says he’ll try to fix versus the liar who says everything is fine.

      If you’ve voted in the last three presidential elections, you most likely weren’t voting for anything, you were voting against the other party.

      It’s not a sustainable political system when voters are presented with two shitty outcomes and told they have a choice.