Fact Check: economy under trump is worse than biden

Fact Check: economy under trump is worse than biden

Published August 23, 2025
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VERDICT
Partially True

# Fact-Check: "The economy under Trump is worse than Biden" ## What We Know The claim that "the economy under Trump is worse than Biden" can be eval...

Fact-Check: "The economy under Trump is worse than Biden"

What We Know

The claim that "the economy under Trump is worse than Biden" can be evaluated using several key economic indicators, including Gross Domestic Product (GDP), unemployment rates, and inflation.

  1. GDP Growth: During Donald Trump's presidency, the average annual GDP growth rate was approximately 2.3% from January 2017 to January 2021, which included the economic downturn caused by the COVID-19 pandemic. Under Joe Biden, the GDP growth rate has been around 2.2% since he took office in January 2021, indicating that both administrations have had similar economic growth rates despite the pandemic's impact (BBC).

  2. Unemployment Rates: When Biden took office, the unemployment rate was about 6.3%, having risen due to the pandemic. By March 2025, the unemployment rate had decreased to 4.1% (The Guardian). In contrast, Trump's administration saw the unemployment rate drop to 4.2% by the end of his term, but it had also been lower before the pandemic hit.

  3. Inflation: Inflation rates have been a significant concern during Biden's presidency, peaking at 9.1% in June 2022, which is higher than the rates experienced during Trump's term. However, it is important to note that inflation rates were also high in previous decades, and Trump's assertion that Biden's inflation is the worst in history is misleading (BBC).

  4. Stock Market Performance: The stock market saw significant gains during both administrations, with the S&P 500 increasing by 5.3% during Trump's term (The Economist).

Analysis

The evaluation of the claim involves a comparison of economic indicators under both administrations. While GDP growth rates are similar, the context of the pandemic must be considered. The economic recovery post-COVID has been robust under Biden, with the U.S. showing strong growth compared to other G7 nations (BBC).

Unemployment rates illustrate a recovery trend under Biden, which is a positive sign for the economy. However, the claim that the economy under Trump was worse must also consider the economic conditions he faced, including the pandemic's onset.

Inflation is a critical factor in this discussion. While it is true that inflation peaked under Biden, it is essential to recognize that economic conditions are influenced by numerous factors, including global supply chain issues and fiscal policies from both administrations. Trump's claims about Biden's inflation being the worst are not supported by historical data, as inflation has been higher in previous decades (BBC).

The sources used in this analysis vary in reliability. The BBC and The Guardian are reputable news organizations known for their journalistic standards, while some economic analyses may have inherent biases based on political affiliations. It is crucial to cross-reference data from multiple sources to obtain a well-rounded view.

Conclusion

The claim that "the economy under Trump is worse than Biden" is Partially True. While both administrations have faced unique challenges and have achieved similar GDP growth rates, the context of the COVID-19 pandemic significantly impacts the comparison. Unemployment rates have improved under Biden, and inflation has been a contentious issue. Therefore, while there are valid points on both sides, the economic performance cannot be definitively categorized as worse or better without considering the broader context.

Sources

  1. U.S. Economy at a Glance
  2. The US economy under Donald Trump
  3. Tracking Trump's economy
  4. Is US economy better or worse now than under Trump?
  5. The Economic Record of Biden and Trump Compared to That of ...
  6. Graphic Cites FactCheck.org in Misleading Biden, Trump ...
  7. Trump says the economy 'went to hell' under Biden. ...
  8. U.S. Economy April 2025: Biden vs. Trump Comparison

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This has been one of the most
studied things by universities
around the world for the last
50 years. And in the last 50
years across 18 of the
wealthiest nations in the world
not one has corporate tax cuts
equated to higher job growth.
00:35
Not once. Or we can just look
at the Trump tax cuts passed in
twenty 17. Donald Trump created
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Barack Obama did. And oh by the
way that's leaving out COVID.
That's leaving out all the job
losses from the pandemic. There
is one thing that happens when
you give corporations big tax
breaks. This right here. 50
years of data. You see that red
line on top? That's the rich
getting richer. You see those
two lines on the bottom? That's
the bottom 905percent? No In
01:06
twenty 18 corporations spent
over a trillion dollars on
stock buybacks and created less
jobs than they did in twenty
fourteen, 15, 16, and
seventeen. You see the rich can
afford to pump all of this
misinformation into your brain.
And that's why you believe it.
There's not a single case in
history of tax cuts for the
rich helping an economy in any
way shape or form.
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Fact Check: We have 50 years of data that tells us what corporations do with tax cuts. This has been one of the most studied things by universities around the world for the last 50 years. And in the last 50 years across 18 of the wealthiest nations in the world not one has corporate tax cuts equated to higher job growth. 00:35 Not once. Or we can just look at the Trump tax cuts passed in twenty 17. Donald Trump created 40, 000 less jobs a month than Barack Obama did. And oh by the way that's leaving out COVID. That's leaving out all the job losses from the pandemic. There is one thing that happens when you give corporations big tax breaks. This right here. 50 years of data. You see that red line on top? That's the rich getting richer. You see those two lines on the bottom? That's the bottom 905percent? No In 01:06 twenty 18 corporations spent over a trillion dollars on stock buybacks and created less jobs than they did in twenty fourteen, 15, 16, and seventeen. You see the rich can afford to pump all of this misinformation into your brain. And that's why you believe it. There's not a single case in history of tax cuts for the rich helping an economy in any way shape or form.

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