Thursday, October 31, 2024

Trump wants you to believe that the US economy is doing terribly. It’s untrue

The public holds this negative view even though there's been very good news for blue-collar workers: the US has added more than 700,000 factory jobs under the Biden-Harris administration, far more than during Trump's presidency, indeed more than under any president since the 1970s. There's also been good news for small businesses – a record 19m new business applications have been filed under Biden. There's also good news for the wealthy – the stock market has climbed to record levels, which is Wall Street's way of saying the economy is in excellent shape. Let's not forget that Trump warned that if Biden was elected president, the stock market would crash. Wrong again, Donald. Under Biden, the Dow Jones Industrial Average is 36% higher than when Trump left office, and the S&P 500 is 53% higher...

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