As we all know, the GOP is trying to sell the idea that, pre-Covid,
Trump was responsible for a growing, non-inflationary economy and that
Biden/Harris have mismanaged the economy. Unfortunately, we don’t hear
enough Democrats refuting this or knowing quite how to challenge them on
this. Here’s what our economics team is telling our readers:
1) The 2017-2019 economy was just a continuation of the Obama/Biden
recovery
2) Trump inherited the third-longest economic expansion in U.S. history
3) Trump inherited the second-longest bull market in U.S. history
4) Economic studies show Trump’s ham-handed tariff policy hurt the U.S.
more than it helped and did not bring back jobs to the U.S.
5) Economic studies show Trump’s tax cuts for the wealthy did not grow
the economy, but they did increase our national debt
6) The post-Covid world-wide inflation was due to pent-up demand,
supply chain issues, a decrease in oil production, and the Russian
invasion of the Ukraine, not President Biden
7) The U.S. President does not have the ability to generate world-wide
inflation
8) U.S. inflation has been consistently lower than that of the rest of
the world and now has been reduced so much that the Federal Reserve can
begin lowering interest rates.
So when your outreach teams hear voters spewing the Trump/Lake/Fox
economic talking points, just quote the above and then send them to us.
We’ll continue the conversation and explain to them how economics really
works.