During the 2024 presidential race, Donald Trump relentlessly hammered President Joe Biden and Vice President Kamala Harris on the economy and blamed them for inflation.
Trump’s anti-inflation messaging worked on Election Day, and he narrowly defeated Democratic nominee Harris. According to the Cook Political Report, Trump won the popular vote by roughly 1.4 or 1.5 percent.
But inflation doesn’t erase the fact that the United States has enjoyed record-low unemployment during much of Biden’s presidency. According to the U.S. Bureau of Labor Statistics (BLS), the country’s unemployment rate was 4.2 percent in November.
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In an article published on December 9, the Philadelphia Tribune stresses that Biden “is handing off a solid economy to President-elect Trump.”
“Under Biden,” the Tribune reports, “the economy rebounded from the pandemic recession that occurred during Trump’s first term in office as president. The economic rebound under Biden led to a hiring boom from 2021-2023. However, increased federal and consumer spending and problems in the supply chain also fueled inflation.”
The Tribune adds, “Americans’ frustration with the higher price of gas and groceries and other costs under the Biden-Harris Administration was partly the reason that voters chose last month to return Trump to the White House. However, inflation has dropped from a 9.1 percent peak in June 2022 to 2.6 percent last month.”
The Tribune, which was founded in 1884 and is the oldest Black newspaper in the U.S., notes that the U.S. “added a strong 227,000 jobs in November” (according to the BLS).
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“Despite Americans’ concerns about rising inflation during the Biden-Harris Administration,” the Tribune reports, “the economy rebounded from the pandemic recession and is now solid and steady. The question is whether the economy will continue to grow or will it decline under Trump.”
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Read the Philadelphia Tribune’s full article at this link.
