By standard measures such as job and GDP growth and the stock market, the US economy was in excellent shapeNever miss global breaking news. Download our free app to keep up with key stories in real time.Donald Trump keeps saying he inherited a terrible economy from Joe Biden and many Americans believe him, even though that’s not true. During his White House marketing event for Tesla on Tuesday, Trump said the US and its economy “went to hell” under Biden. Last week, in his national address to Congress, Trump said: “We inherited from the last administration an economic catastrophe and an inflation nightmare.”But the truth is that by standard economic measures, the US economy was in excellent shape when Biden turned over the White House keys to Trump, even though most Americans, upset about inflation, told pollsters the economy was in poor shape. Continue reading…
Source link : https://www.theguardian.com/business/2025/mar/16/trump-biden-economy
Author : Steven Greenhouse
Publish date : 2025-03-16 14:00:00
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Trump says the economy ‘went to hell’ under Biden. The opposite is true
