I have been asking the same question repeatedly, but have yet to receive an answer. So, I will pose it once more – what is Trump’s plan for inflation? Would Trump have approached inflation differently than Biden? Perhaps he would have allowed interest rates to rise in order to combat inflation, or maybe he would have gone as far as disbanding the Fed if they recommended raising rates.
Have you noticed any changes in your 401K since Trump left office? Despite his promises, Trump did not fulfill the economic goals he outlined. He failed to reduce debt as promised, and instead increased it more than any other president in history. Under Trump, the GDP did not grow as he had predicted it would, and unemployment numbers were higher than they are under Biden.
However, since Biden took office, oil production has increased, GDP has improved, job growth is higher, and housing values have seen an increase. Additionally, Biden did not impose a 20% tax on American consumers as Trump had proposed, thereby preventing harm to farmers and taxpayers. These are all factual observations, not simply complaints from a 34-time convicted felon. Rodney L. Iverson is a resident of Chandler, Arizona.
