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Fact-Checking Trump vs. Biden: Economic Narratives and Realities Explored Before 2024 Debate | Mirror Online

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Former President Donald Trump has blasted the current state of the US under President Joe Biden, claiming a collapsing economy, countries offloading criminals across the southern border, and soaring crime rates.

Conversely, Biden counters that he took over with a 9% inflation rate and $5 per gallon gas prices. He boasts about his administration’s job creation, though not always providing full context.




While Trump‘s campaign and presidency were rife with false and misleading statements, Biden tends to lean towards exaggerations rather than outright falsehoods. As they gear up for Thursday night’s debate, it’s crucial to scrutinize the veracity of their frequent claims.

Inflation

Economically, Trump’s team touts what they call the “greatest economy in history” during his term, a claim that doesn’t hold up.

The Covid-19 pandemic triggered a massive recession during Trump’s tenure, leading to a $3.1 trillion government loan to support the economy, reports the Mirror US.

Trump left office with fewer jobs than when he started, although his supporters argue his economic achievements should only be judged pre-pandemic. Let’s delve into that period.

Violent crime has actually decreased(Getty Images)

During the first three years of Trump’s presidency, economic growth averaged 2.67%, a solid figure but not as impressive as the 4% average during Bill Clinton’s two terms from 1993 to 2001, according to the Bureau of Economic Analysis. Interestingly, growth has been stronger under Biden than under Trump.

Trump did succeed in reducing the unemployment rate to 3.5% before the pandemic hit. However, the labour force participation rate for people aged 25 to 54 – the heart of the US working population – was higher under Clinton.



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