Trump vs Biden: A Stark Contrast in Economic Outcomes

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Trump vs Biden – Different Priorities

Manufacturing, incomes, and gas prices paint a clear picture of differing priorities. A real matchup of Trump vs. Biden shows quite a different picture to what the WHite House and media have been telling for the past four years.

Joe Biden’s presidency faces growing criticism over economic metrics that pale in comparison to Donald Trump’s record, with manufacturing jobs, household incomes, and gas prices at the forefront of the debate. As Biden nears the end of his term, Trump’s team asserts that Americans fared better under his administration – and the data backs up their claims.

Manufacturing Struggles Under Biden

The manufacturing sector declined sharply under Biden. Over 22,000 manufacturing jobs were lost when factoring in post-pandemic recovery and downward revisions. The sector saw one of its fastest contractions, with job openings plummeting 20.8% over the past year alone. In contrast, Trump’s first 38 months created 414,000 manufacturing jobs, demonstrating significant growth in this critical sector.

trump-vs-biden. cc + WH video screenshots
trump-vs-biden. cc + WH video screenshots

Gas Prices at Record Highs

Under Biden, gas prices averaged $3.49 per gallon, more than a dollar higher than Trump’s average of $2.48 per gallon. Nationwide, gas prices stayed above $3 per gallon for 92% of Biden’s presidency. While Trump’s term saw prices fall below $1 per gallon in 13 states, Biden’s administration saw record-high prices in all 50 states.

Household Incomes and Earnings

Americans saw a stark difference in household income growth under Trump and Biden. In Trump’s first three years, median household incomes grew by $7,690 – a 10.5% increase. By comparison, Biden’s term saw only a 1.3% increase, amounting to $1,050.

Minority groups experienced significantly higher income growth under Trump. Black Americans saw a 9.2% increase under Trump compared to 3.6% under Biden, while Hispanic Americans saw 11.7% growth under Trump versus just 0.2% under Biden. Asian Americans fared similarly, with Trump delivering a 14.4% boost compared to Biden’s 1.5%.

Earnings also shifted under the two presidents. Trump oversaw an 8.2% increase in real average weekly earnings, while Biden’s term saw a 3% decline. Women and men both faced earning losses under Biden after seeing increases under Trump.

Savings and Debt Tell a Grim Story

Under Trump, personal savings soared, with rates increasing from 5.3% in 2017 to 19.3% in 2021, a 264% rise. Under Biden, savings plummeted by 85%, falling to just 2.9% in 2024.

Credit card debt also surged under Biden, reaching a record $1.14 trillion – a 39% increase during his term. The credit card delinquency rate rose by 54%, in stark contrast to an 11% decline under Trump.

Home Ownership Declines Under Biden

The housing market presented challenges under Biden, with mortgage rates skyrocketing by 120%, reaching a 23-year high of 7.79%. By comparison, Trump’s tenure saw mortgage rates decrease by 32%. Homeownership increased by 2.1% under Trump but declined by 0.2% under Biden.

Poverty Reduction Slows

Trump’s presidency lifted 6.6 million Americans out of poverty in its first three years, with notable gains among Hispanic, Black, and Asian Americans. Biden’s term has struggled by comparison, lifting only 760,000 Americans out of poverty. Meanwhile, 330,000 Asian Americans and 370,000 Hispanic Americans fell into poverty under Biden.

A Choice for Voters

Trump’s economic policies prioritized growth, job creation, and lower costs, while Biden’s tenure has faced challenges such as rising inflation, higher gas prices, and declining savings. As Americans evaluate these contrasting records, the data underscores the profound impact of presidential policies on economic outcomes.

The Trump vs Biden comparison shows the official White House story over the past four years was colored by the need to tell a story that was different to reality. Much of the mainstream media proved to be an untrustworthy political pawn by covering for the White House and not asking questions.

Alan Gray
Alan Gray
Alan Gray is the Publisher and Editor-in-Chief of NewsBlaze Daily News and other online newspapers. He prefers to edit, rather than write, but sometimes an issue rears it's head and makes him start hammering away on the keyboard.

Content Expertise

Alan has been on the internet since it first started. He loves to use his expertise in content and digital marketing to help businesses grow, through managed content services. After living in the United States for 15 years, he is now in South Australia. To learn more about how Alan can help you with content marketing and managed content services, contact him by email.

Technical Expertise

Alan is also a techie. His father was a British soldier in the 4th Indian Division in WWII, with Sikhs and Gurkhas. He was a sergeant in signals and after that, he was a printer who typeset magazines and books on his linotype machine. Those skills were passed on to Alan and his brothers, who all worked for Telecom Australia, on more advanced signals (communications). After studying electronics, communications, and computing at college, and building and repairing all kinds of electronics, Alan switched to programming and team building and management. He has a fascination with shooting video footage and video editing, so watch out if he points his Canon 7d in your direction.

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