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.

  • technocrit@lemmy.dbzer0.com
    25·
    7 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

    • Viking_Hippie@lemmy.dbzer0.com
      1·
      16 minutes ago

      And it would be better still with both the Trump years and the Biden years.

      That would demonstrate what anyone paying attention already knows:

      The Dems are pretending to be Robin Hood while actually stealing from workers to give to their rich owner donors, but Trump’s fascist kakistocracy still manages to be MUCH worse in almost every way measurable as well as most of the immeasurable ones.