The Tale of Two Economies: How Trump is Ruining Biden’s Successful Economic Policies
And just like that 🫰🏾
When Joe Biden left office, he handed Donald Trump an economy that was the strongest it had been in years. Unemployment was at historic lows, The Dow Jones Industrial Average was soaring, and inflation was starting to slow. Yet, under Trump’s leadership, the U.S. economy is now teetering on the brink of a recession, with the stock market plummeting, consumer sentiment at a 15-month low, and economists warning of a potential 2.8% decline in economic output in the first quarter of 2025. The question on everyone’s mind is: What in the hell is wrong with Trump?
The answer lies in Trump’s reckless and short-sighted economic policies. After inheriting a stable and growing economy from Biden, Trump has chosen to dismantle the progress made by his predecessor. His obsession with tariffs, particularly against China, Mexico, and Canada, has created uncertainty in the markets and stifled economic growth. The S&P 500 has fallen 3.8% since Trump took office, and the Dow Jones Industrial Average recently suffered an alarming 890-point drop. This is not the “tremendous foundation for the future” Trump claims to be building—it’s a recipe for disaster.
Trump’s defenders argue that his policies are long-term strategies aimed at rebuilding U.S. manufacturing and reducing the trade deficit. But the truth is, tariffs are a tax on American consumers and businesses. They drive up prices, hurt demand, and lead to layoffs. The avian influenza causing egg prices to surge is just one example of how inflation—already rising under Trump—is hitting American families hard. Yet, Trump has the audacity to tell voters not to focus on these issues, as if the economic pain he’s causing is somehow irrelevant. The message is clear: Trump wants voters to look away while he dismantles the economic foundation built under Biden.
The most baffling aspect of Trump’s economic strategy is his refusal to acknowledge the damage he’s inflicting. In a recent interview, Trump admitted that his policies might take time to show results but insisted that “it should be great for us” in the long run. This is little more than empty rhetoric from a president who has consistently prioritized his own political agenda over the well-being of the American people.
Economists are sounding the alarm, warning that Trump’s tariffs and “America First” policies will not only fail to revitalize U.S. manufacturing but also lead to higher prices for consumers and slower economic growth. The Federal Reserve Bank of Atlanta predicts a contraction in the first quarter of 2025, which could mark the beginning of a recession. If this happens, it will be a direct result of Trump’s mismanagement of the economy.
One of the most glaring contradictions of Trump’s presidency is his sudden shift on inflation. After spending years blaming Biden for rising prices, Trump is now telling Americans to ignore the issue entirely. This rhetorical gymnastics is a desperate attempt to deflect blame for his own failed policies. The truth is, Trump’s approach to the economy is not about building a stronger future for working-class Americans—it’s about satisfying his political base and advancing his populist agenda.
The contrast between Biden’s successful economic policies and Trump’s current mismanagement could not be clearer. Under Biden, the economy was thriving, with unemployment at record lows and wages rising for the first time in decades. Under Trump, the economy is sputtering, with layoffs increasing, prices soaring, and confidence plummeting. Trump’s refusal to take responsibility for this downturn is not only irresponsible but also a betrayal of the foolish voters who trusted him to lead the country.
As the economy continues to struggle, one thing is certain: Donald Trump’s policies are failing. The question now is whether he will admit his mistakes and change course—or continue down a path that could lead to a full-blown recession. For the sake of the American people, let’s hope he chooses the former. As the nation braces for the consequences of Trump’s actions, one thing is certain: the strong, stable economy Biden left behind is slipping away, and it may take years to recover.
