Safety and Job Growth
Job growth under Trump lagged behind Biden and Clinton Even when the effect of the pandemic is excluded, the Trump administration’s figures are lower than those of other recent presidents.
Source: Federal Reserve Bank of St. Louis; U.S. Department of the Treasury
The national debt grew considerably and at a faster rate each year under Mr. Trump. His tax cut helped drive the annual budget deficit to $1 trillion in 2019 from $680 billion in 2017. Including the impact of the pandemic, the national debt increased to $27.7 trillion from $19.8 trillion during Mr. Trump’s tenure.
Last month, inflation in the U.S. dropped below 3 percent a year for the first time since 2021, putting the Federal Reserve on track to cut interest rates in September. This will spur growth. Many prices fell from June to July, including for cars, clothes, hotels, and plane tickets.
Biden said yes: “My policies are working.”
Mortgage rates fell to their lowest level in more than a year — good news for prospective home buyers and sellers.
Data from major U.S. cities shows a sharp drop in violent crime in the first half of the year — more than 25% in some communities — as the COVID-era crime wave recedes. The Major Cities Chiefs Association found an impressive overall 6% decline in violent crime among 69 cities during the first six months of 2024 compared to the same period last year.
“Americans are safer today than when Vice President Harris and I took office.”