H Change in annual real earnings since inauguration, dollars
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Yourself on Election Day 2 Simple
The stakes could not be higher — America’s future depends on you, says economist Stephen Moore.
W
hen americans vote in november, they should ask themselves two simple questions: Am I better off than I was four years ago? And is our country better off than it was four
years ago? These were the questions that Ronald Reagan, staring
right into the television cameras, asked more than 100 million Americans at the end of his famous debate against Jimmy Carter. Reagan won in a landslide. Donald Trump could have the same result next month if Americans vote on the kitchen table issues — that is, if they vote for who is better for their pocketbooks. Trumponomics has outperformed Bidenomics on
nearly every single economic/financial metric of side-by- side performance. The Democrats are riding a new horse this time, but Vice
President Kamala Harris is running on the Bidenomics agenda — with the only difference being that she is stretch- ing further to the left. Most Americans associate Bidenomics with failure —
higher prices for nearly everything. Economic stress. A lower living standard. And a stack as high as the Washing- ton Monument of Joe Biden’s unpaid bills.
REAL INCOME INCREASED $4,000 UNDER TRUMP, DECREASES BY $2,000 UNDER BIDEN Change in real annual earnings during presidency
$5,000 $4,000 $3,000 $2,000 $1,000 $0
-$1,000 -$2,000 -$3,000 -$4,000
0 10 20 30 Months of presidency SOURCE: Bureau of Labor Statistics 40 Trump Biden Questions to Ask That’s why Trump’s economic miracle is easier to appre-
ciate today than when he left office. His successor has ship- wrecked the economy. As this side-by-side comparison shows unambiguously,
on nearly every economic measurement, Trump’s policies and results are far superior to what Biden-Harris delivered. So let us start with the statistic that is the most problem- atic of all for Biden and Harris:
REAL TAKE-HOME PAY UP UNDER TRUMP AND DOWN UNDER BIDEN Throughout most of the Biden-Harris administration, infla- tion has outpaced wages and salaries for most families. That is to say, middle-class Americans are on average roughly $2,100 poorer today in real income than when Trump left office. This is the “affordability crisis” that is crushing fami-
lies financially.
CURSE OF BIDENFLATION Americans hate inflation. It is the main reason Jimmy Carter lost in a landslide to Reagan in 1980, with Reagan winning 42 states. That doesn’t bode well for Biden’s standard-bearer Har-
ris, given that their administration presided over a higher inflation rate than at any time since Carter was in office. While Trump was president, the inflation rate averaged
just a little under 2%, and the month he left office it had fall- en to 1.5% — one of the lowest rates in 40 years. Biden-Harris pushed through a $5 trillion
$4,200
spend, borrow, and print money economic pro- gram. Within 18 months, the inflation rate had zoomed all the way up to 9.1%. How do you screw up the economy that quick-
ly? Was Biden trying to financially ruin Ameri- cans? Was he trying to emulate Carter? Mercifully, the inflation rate has started to
-$2,132
recede since the end of 2022, but the latest Bureau of Labor Statistics numbers indicate we are still seeing rates of close to 3% to 4%.
41 42 43 44 45 46 47 48
GAS PRICES SURGED UNDER BIDEN-HARRIS Trump came into office promising a “drill, baby, drill” strategy. For the first time in more than 50
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