𝗪𝗜𝗟𝗟 𝗧𝗥𝗨𝗠𝗣 𝗕𝗘 𝗔𝗕𝗟𝗘 𝗧𝗢 "𝗙𝗜𝗫 𝗧𝗛𝗘 𝗘𝗖𝗢𝗡𝗢𝗠𝗬?" 𝗕𝗔𝗡𝗞𝗥𝗔𝗧𝗘 𝗖𝗢𝗠𝗣𝗔𝗥𝗘𝗦 𝗧𝗛𝗘 𝗙𝗜𝗡𝗔𝗡𝗖𝗜𝗔𝗟𝗦 𝗢𝗙 𝗧𝗥𝗨𝗠𝗣 𝗔𝗡𝗗 𝗕𝗜𝗗𝗘𝗡 𝗣𝗥𝗘𝗦𝗜𝗗𝗘𝗡𝗖𝗜𝗘𝗦

 

Rather than cherry picking numbers to make Trump look good or bad, let's use an independent source, Bankrate, to compare the last two presidents with respect to the financials:    

• Inflation: Prices have risen 19.3% since Biden took office, almost four times faster than the 5% increase three years and five months into Trump’s term.
• Hiring: Three years and five months into Biden’s term, the U.S. economy has created 15.6 million jobs. That compares with job losses totaling 12.6 million for Trump.
• National debt: Biden has so far added $4.3 trillion to the national debt, while Trump approved twice as much during his full term in office ($8.4 trillion).
• Growth: Since Biden took office, the U.S. economy has grown 8.4% when adjusted for inflation, versus a 6.5% growth rate for the same time period under Trump, though the economy was growing at a similar speed to Biden’s before the pandemic.
• Stocks: Overall, the S&P 500 stock index has risen 42.1% since Biden took office, compared with a 33.6% increase over the same time period for Trump, but stocks rose at a faster pace under the second and third year in Trump’s term than they did in Biden’s.
• Consumer sentiment: Confidence in the economy and Americans’ overall personal financial situations has been slumping under Biden, as inflation stays stubborn and consumers’ paychecks lose ground to price increases.