Ann,
Trump is trying to take credit for Biden's economy. Don't be fooled.
In 2017, Trump inherited a strong economy from President Obama and never stopped congratulating himself for it. He repeatedly made claims such as, "We created the greatest economy in the history of the world!"
Rubbish!
In his first administration, Trump tanked the economy with his trade wars and botched pandemic response.
Now, Trump has inherited an even stronger economy. Under Biden, over 16 million jobs were created — more than during any single presidential term on record. Unemployment was a low 4.1 percent. And wages were rising.
Under Biden, the American economy grew faster than the rest of the world's, and faster than the pre-pandemic Trump economy.
Take a look at our new video to shore up your arguments when you hear more of Trump's unwarranted brags! Then share it with friends to help get the facts out.
Yes, the United States and every other country had to deal with inflation, but Biden brought inflation down below 3 percent — lower than most other countries.
Americans have every reason to be outraged at decades of policies that prioritized corporations over people. But the Biden Administration cracked down on corporate price-gouging, monopolization, and trickle-down nonsense.
Some of the most important Biden initiatives will only start to pay off during the Trump presidency (assuming Trump doesn't reverse them).
The Biden Administration took on Big Pharma by capping out-of-pocket drug costs for millions of seniors on Medicare, and lowered the price of 64 drugs — changes that will take place throughout 2025. And more drugs are scheduled to get cheaper in the following years.
Biden's infrastructure law will give us better roads, bridges, public transit, and broadband access. The CHIPS and Science Act will provide more American-made semiconductors. Biden's clean energy initiatives will pay off in the future with greater fuel efficiency and less pollution.
I hope you'll watch and share this week's video, and add your thoughts in the comments.
His whole life, Trump has taken credit for things he inherited, starting with his own personal fortune. If he doesn't wreck the economy with his crazy tariffs or cruel deportations (or even if he does), you can be sure he will take credit again for something other people built.
Don't let him.
Robert Reich
Inequality Media Civic Action
