President Biden Ties Donald Trump in Knots

He Can't Escape the Comparisons — And He Shouldn't

Source Data: Fred

For a few minutes, I wondered why even bother writing anything—the charts tell the story on their own. The growth achieved by Donald Trump on an $19 trillion economy pales in comparison to what Joe Biden has delivered with a much larger base. In the third quarter of 2024, U.S. GDP grew by a remarkable 3.1%. That’s stunning because achieving such a growth rate on a $28 trillion economy is far harder than hitting the same number on a $21 trillion base.

When economies get bigger, they tend to slow down—not speed up. Yet, President Biden’s policies have defied that trend, driving the U.S. economy to new heights.