Polls show that voters trust former President Donald Trump over Vice President Kamala Harris on handling the U.S. economy. But which candidate would actually be better for the U.S. economy if elected?
Under the Biden/Harris administration, the U.S. emerged from the pandemic with the strongest economy in the industrialized world. Comparing the pre-pandemic Trump economy with today’s, we see significant gains in GDP and in the stock market. More than 6 million new jobs have been added after recovering the 9 million jobs lost during the pandemic.
The administration has addressed inflation by clearing supply chain backups and with the Inflation Reduction Act. U.S. inflation currently stands at 2.5%, which is close to the target value of 2%. I don’t think inflation would have been any better under a Trump administration, had he been elected.
Both candidates have shared their economic proposals. Economic analysts including Goldman Sachs agree that Harris’ plans would result in greater growth, lower inflation and lower interest rates than Trump’s. Additionally, Trump’s plans would likely spark a recession in 2025. Based on this, Harris is clearly the better candidate to grow our economy in the next administration.
Margaret Ryan
Murrysville