During his campaign for president, Trump filled his supporters’ heads with propaganda about the economy being “in the toilet”. But the truth is, Biden brought the economy that Trump destroyed back to one of the best ever. Two of Trump’s own economic advisers have said as much.
Former Trump economic adviser Stephen Moore said there is “no question” the U.S. has the strongest economy in the world, and which Trump will inherit. Employment is way up, unemployment is way down, wages are up, inflation is down, personal spending is up. The US has had a better post-Covid recovery by far than any other industrialized nation.
The stock market hit its highest levels ever and personal investments are soaring. Border crossings are DOWN by 50% or more, due to Biden cutting back on asylum requests.
Gary Cohn, the IBM vice chairman who served as an economic adviser in Trump’s first term, tells “Face the Nation with Margaret Brennan” that President-elect Donald Trump is inheriting a “very good economy, a very stable economy” and “net-net, we are talking about a very positive business and cycle going forward into 2025.”
As for gas and egg prices, oil production was cut back when Trump struck a deal with PUTIN and the SAUDIS in order to let them recoup their losses incurred during the low demand years of COVID. Gas prices have remained stable since. Egg prices are subject to bird flu epidemics that had hit some farms.
Additionally, Biden signed HR 82 into law. This will allow certain workers to receive Social Security benefits they were previously denied.
Let’s hope that these next four very dark years with Trump in charge do not destroy all that we enjoy now.