Through the 2024 presidential race, Donald Trump relentlessly hammered President Joe Biden and Vice President Kamala Harris on the economic system and blamed them for inflation.
Trump’s anti-inflation messaging labored on Election Day, and he narrowly defeated Democratic nominee Harris. Based on the Cook dinner Political Report, Trump gained the favored vote by roughly 1.4 or 1.5 %.
However inflation would not erase the truth that the USA has loved record-low unemployment throughout a lot of Biden’s presidency. Based on the U.S. Bureau of Labor Statistics (BLS), the nation’s unemployment fee was 4.2 % in November.
READ MORE:‘Solely high-income nation with out it’: DC insider explains why People are so depressing
In an article printed on December 9, the Philadelphia Tribune stresses that Biden “is handing off a strong economic system to President-elect Trump.”
“Beneath Biden,” the Tribune stories, “the economic system rebounded from the pandemic recession that occurred throughout Trump’s first time period in workplace as president. The financial rebound beneath Biden led to a hiring increase from 2021-2023. Nonetheless, elevated federal and shopper spending and issues within the provide chain additionally fueled inflation.”
The Tribune provides, “People’ frustration with the upper worth of fuel and groceries and different prices beneath the Biden-Harris Administration was partly the explanation that voters selected final month to return Trump to the White Home. Nonetheless, inflation has dropped from a 9.1 % peak in June 2022 to 2.6 % final month.”
The Tribune, which was based in 1884 and is the oldest Black newspaper within the U.S., notes that the U.S. “added a powerful 227,000 jobs in November” (based on the BLS).
READ MORE: Specialists: Mass deportation will damage a minimum of one purple state’s economic system
“Regardless of People’ issues about rising inflation throughout the Biden-Harris Administration,” the Tribune stories, “the economic system rebounded from the pandemic recession and is now strong and regular. The query is whether or not the economic system will proceed to develop or will it decline beneath Trump.”
READ MORE: ‘Eliminating math’: GOP pretending Trump’s company tax cuts gained’t improve deficit by $4 trillion
Learn the Philadelphia Tribune’s full article at this hyperlink.
