The progressive backlash over the public’s preference for Trump’s economic policies over the current administration’s disastrous Bidenomics is both palpable and intense. Progressives are conjuring elaborate explanations to discredit a clear and straightforward reality: Americans fared better under Trump.
The data speak for themselves. A Bloomberg/Morning Consult poll highlights that 51 percent of respondents felt financially better off during Trump’s administration, compared to a meager 32 percent under Biden. The reason? Biden’s policies have fueled relentless inflation, impacting the average American’s cost of living.
Biden’s presidency is increasingly marked by economic mismanagement. Despite the administration’s attempts at painting a rosy picture of job creation and recovery, Americans have experienced the harsh truth of increased prices and strained budgets. Biden’s $1.9 trillion American Rescue Plan, passed despite clear warnings, exacerbated inflation. Wall Street Journal’s James Freeman noted that Biden inherited an economy poised for recovery, but his impulsive spending spree thwarted that momentum, leading to rampant price hikes.
Under false pretenses, Biden claimed Trump had left the economy in shambles to justify his colossal spending agenda, which was in fact an unnecessary splurge aimed at satisfying his leftist base rather than addressing economic needs. The result? A staggering burden of inflation on American households.
Biden’s defenders love to brag about 15 million jobs and a low unemployment rate. However, these numbers largely reflect jobs recovered post-lockdowns rather than new job creation. The unemployment rate under Biden is comparable to Trump’s pre-pandemic figures, but real disposable incomes under Biden have grown at a sluggish pace compared to the robust growth seen during Trump’s term. Naomi Prioleau explains that real disposable personal income per capita rose by 12.4 percent under Trump, compared to a projected 2.9 percent under Biden.
Consumer prices have surged by 19.5 percent since Biden took office, dwarfing the 5.6 percent inflation experienced under Trump, a 350 percent increase in inflation under Biden’s watch. Both presidents implemented COVID relief spending, yet the timing and context drastically influenced their economic impacts. Trump’s stimulus came during economic freefall, mitigating unemployment and sparking growth. Biden’s, conversely, came during recovery, fueling inflation rather than job creation.
Biden’s approval ratings reflect widespread dissatisfaction. A poll from ABC News and IPSOS places his approval at a dismal 35 percent, with 57 percent disapproving. Financial struggles under Biden’s administration are clear, with 43 percent of Americans feeling worse off financially, and an overwhelming 81 percent believing he’s too old for another term. On economic issues, Trump holds a significant lead, including a 14-point advantage on handling the economy and inflation.
As Federal Reserve Chair Jerome Powell has stated, reducing inflation to the Fed’s target of two percent will require patience, suggesting a grim outlook for American families under current policies. Biden’s reckless spending and deficit maintenance, previously only seen during wars or severe recessions, ensure that inflation persists and interest rates remain high.
Progressives may continue to defend Biden’s economic policies, but the facts reveal a glaring truth. Americans enjoyed superior economic outcomes under Trump, marked by faster income growth and lower inflation. The electorate’s preference for Trump’s economic stewardship is not baseless nostalgia but a clear, rational judgment based on tangible results. As the 2024 election approaches, voters are signaling a call for a return to policies that prioritize economic growth and fiscal responsibility. The discerning American public recognizes the necessity for a change in leadership to restore economic stability and prosperity.
