During the 2024 presidential race, Donald Trump relentlessly attacked President Joe Biden and Vice President Kamala Harris on the economy — blaming both of them for post-pandemic inflation in the United States. And the message resonated with enough voters for Trump to pull off a narrow victory over Harris.
According to the Cook Political Report, Trump defeated Harris by roughly 1.5 or 1.6 percent in the popular vote and picked up 312 electoral votes compared to 226 for the vice president.
A victory of 1.5 or 1.6 percent is hardly a “landslide,” as Trump’s allies have been claiming. But it’s a victory nonetheless, and Trump will be sworn in for a nonconsecutive second term on January 20, 2025.
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Some of Biden’s supporters have argued that history will be kind to the outgoing president — not unlike the kind words for the late President George H.W. Bush after he lost the 1992 election to President Bill Clinton. And history, they argue, will remember Biden’s job-creation record and the low unemployment of his presidency.
In October, according to the U.S. Bureau of Labor Statistics (BLS), U.S. unemployment was 4.1 percent.
In a December 2 post on X, formerly Twitter, Alex Armlovich — a senior housing analyst for the Niskanen Center — praised Biden’s record on creating manufacturing jobs. And he made his point by tweeting a chart from Joey Politano, who publishes a financial newsletter.
Armlovich tweeted, “This rise in US manufacturing construction spend via @JosephPolitano is absolutely mindblowing. So many CHIPS & IRA-fueled factories are about to start opening in January you’re not gonna believe it.”
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In a separate tweet, Armlovich laments that Trump, in 2025, will get the credit for Biden’s economic achievements.
Armlovich predicts, “Trump’s name will be on every IIJA, CHIPS, & IRA ribbon cut b/c key Dem factions thought NEPA red tape was more important than permitting reform to finish projects in
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