Trump says the economy ‘went to hell’ under Biden. The opposite is true Steven Greenhouse By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shape Donald Trump keeps saying he inherited a terrible economy from Joe Biden and many Americans believe him, even though that’s not true. During his White House marketing event for Tesla on Tuesday, Trump said the US and its economy “went to hell” under Biden. Last week, in his national address to Congress, Trump said: “We inherited from the last administration an economic catastrophe and an inflation nightmare.” But the truth is that by standard economic measures, the US economy was in excellent shape when Biden turned over the White House keys to Trump, even though most Americans, upset about inflation, told pollsters the economy was in poor shape. When Biden left office, the unemployment rate was a low 4.1%, and during Biden’s four years in office, the average jobless rate was lower than for any president since the 1960s. Trump has repeatedly railed against the high inflation under Biden, but the fact is that by the time Biden left office, the inflation rate had fallen to just 2.9% – down more than two-thirds from its peak and near the Federal Reserve’s inflation goal. Not only that, the nation’s GDP growth has been impressive, rising at a solid 3.1% rate at the end of Biden’s term. Ever since the pandemic ended, economic growth in the US has been considerably stronger than in the UK, France, Germany and other G7 nations. Shortly before election day, the Economist magazine ran a story saying the US economy was “the envy of the world” and had “left other rich countries in the dust”. Trump often says job growth under Biden was terrible, but the fact is that the US added 16.6m jobs during Biden’s presidency, more than during any four-year term of any previous US president. Under Trump, job growth was far worse – during his first four-year term, the nation lost 2.7m jobs overall, making Trump’s presidency the first since Herbert Hoover’s during which the nation suffered a net loss in jobs. The pandemic was largely responsible for this, but even during Trump’s first three years in office, before the pandemic hit, job growth was only half as fast as it was under Biden. Recently, Trump has repeatedly boasted how his tariffs will bring back manufacturing. Trump fails to note, however, that Biden had considerable success in bringing bring back manufacturing and factory jobs. Under most recent presidents, the US lost manufacturing jobs, but under Biden, the nation gained an impressive 750,000 factory jobs, the most under any president since the 1970s. A big reason for this was that as a result of Biden’s green jobs legislation and the Chips Act to boost semiconductor production, manufacturing investment boomed, more than doubling during Biden’s four years in office.”
Trump says the economy ‘went to hell’ under Biden. The opposite is true Steven Greenhouse By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shape Donald Trump keeps saying he inherited a terrible economy from Joe Biden and many Americans believe him, even though that’s not true. During his White House marketing event for Tesla on Tuesday, Trump said the US and its economy “went to hell” under Biden. Last week, in his national address to Congress, Trump said: “We inherited from the last administration an economic catastrophe and an inflation nightmare.” But the truth is that by standard economic measures, the US economy was in excellent shape when Biden turned over the White House keys to Trump, even though most Americans, upset about inflation, told pollsters the economy was in poor shape. When Biden left office, the unemployment rate was a low 4.1%, and during Biden’s four years in office, the average jobless rate was lower than for any president since the 1960s. Trump has repeatedly railed against the high inflation under Biden, but the fact is that by the time Biden left office, the inflation rate had fallen to just 2.9% – down more than two-thirds from its peak and near the Federal Reserve’s inflation goal. Not only that, the nation’s GDP growth has been impressive, rising at a solid 3.1% rate at the end of Biden’s term. Ever since the pandemic ended, economic growth in the US has been considerably stronger than in the UK, France, Germany and other G7 nations. Shortly before election day, the Economist magazine ran a story saying the US economy was “the envy of the world” and had “left other rich countries in the dust”. Trump often says job growth under Biden was terrible, but the fact is that the US added 16.6m jobs during Biden’s presidency, more than during any four-year term of any previous US president. Under Trump, job growth was far worse – during his first four-year term, the nation lost 2.7m jobs overall, making Trump’s presidency the first since Herbert Hoover’s during which the nation suffered a net loss in jobs. The pandemic was largely responsible for this, but even during Trump’s first three years in office, before the pandemic hit, job growth was only half as fast as it was under Biden. Recently, Trump has repeatedly boasted how his tariffs will bring back manufacturing. Trump fails to note, however, that Biden had considerable success in bringing bring back manufacturing and factory jobs. Under most recent presidents, the US lost manufacturing jobs, but under Biden, the nation gained an impressive 750,000 factory jobs, the most under any president since the 1970s. A big reason for this was that as a result of Biden’s green jobs legislation and the Chips Act to boost semiconductor production, manufacturing investment boomed, more than doubling during Biden’s four years in office.”
👆 MAGA doesn’t care about any of this so why keep bringing it up? The people who do care are becoming a smaller minority. I would change tactics like Newsom, but it’s a little late for him. He’s smarter than the rest of you but made horrible mistakes that he cannot recover from.
NEW YORK, March 22. /TASS/. US Special Presidential Envoy Steve Witkoff has said that he delivered Donald Trump's portrait commissioned by Russian leader Vladimir Putin to the US president. Witkoff said in an interview with US journalist Tucker Carlson that the two leaders had sent signals to each other of their readiness for dialogue. "President Putin, to his credit, sent all kinds of signals back to the [US] president that this is the path that he wanted to be on, including statements that he made in the second visit that I had," the US envoy remarked. "You know, it got personal. The president, President Putin, had commissioned a beautiful portrait of President Trump from the leading Russian artist, and actually gave it to me and asked me to take it home to President Trump, which I brought home and delivered to him," Witkoff noted. According to him, Trump "was clearly touched by it."
Bottom line: Musk is a White South African ! Gee, I wonder if he is racist in any way ?!?
What different does it make whether Musk is racist or not? Are his companies all white? Agreed, many South Africans are racist and for reasons that you have never experienced. I know many, work with many.
bottom line is that America’s economy is a business. Everybody in this country knows and has talked about Government waste and everybody knew that something needed to be done. Obama spoke of it long ago so those that are fighting this are doing it purely for political hate, knowing full well he is doing the right thing. Do people get hurt? of course. But businesses fail all the time and people get hurt, nobody cares. Nobody cares that Lehman Brother had innocent employees looking for jobs.
You only care because Trump hired the most advanced business mind on the planet to get our business in order. That’s it.
Senate Minority Leader Chuck Schumer said the quiet part out loud this week on PBS, admitting that the Democrats intentionally stacked the courts with 235 progr
Bottom line: Musk is a White South African ! Gee, I wonder if he is racist in any way ?!?
What different does it make whether Musk is racist or not? Are his companies all white? Agreed, many South Africans are racist and for reasons that you have never experienced. I know many, work with many.
bottom line is that America’s economy is a business. Everybody in this country knows and has talked about Government waste and everybody knew that something needed to be done. Obama spoke of it long ago so those that are fighting this are doing it purely for political hate, knowing full well he is doing the right thing. Do people get hurt? of course. But businesses fail all the time and people get hurt, nobody cares. Nobody cares that Lehman Brother had innocent employees looking for jobs.
You only care because Trump hired the most advanced business mind on the planet to get our business in order. That’s it.
The problem is that Trump is often awful terrible at business, right? And that has hurt a lot of people. I think America is correct to wonder if, again, like so many times he has done before, Trump bankrupts the company but comes out of it richer himself. Only this time the 'company' is the United States of America.
Trump Failure Blotter
Percent declines from high
These people sure think they've been hurt for doing business with DJT.
TSLA -49%
DJT Media -63%
Trump Coin -85%
Melania Coin -94%
Trump Plaza Casino: -100%
This post was edited 1 minute after it was posted.