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
    1·
    3 days ago

    The reality is that both of these people are using the same phony metrics to further enrich the already extremely privileged.

    Neither of them is talking about 4-day week, minimum wage, healthy environment, etc. They don’t actually give a shit about improving normal people’s lives. That’s actually opposed to their bullshit scheme.

  • ryedaft@sh.itjust.worksEnglish
    0·
    4 days ago

    Did the gap between rich and poor grow, shrink, or stay the same under Biden? Definitely going to grow under Trump.

    • forrgott@lemm.ee
      1·
      4 days ago

      I doubt it shrank. The wealth gap has likely only grown since Reagan at least.

    • JasonDJ@lemmy.zip
      01·
      4 days 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
        0·
        3 days 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·
          3 days 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.