The final numbers are now in on Trump's first year in office for 2025 and as predicted by previous PolitiDose commentary, would not be as good as President Biden's numbers for his first year in office in 2021. Keep in mind that Biden had to deal with COVID in 2021 while Trump did not in 2025. Biden also had to cope with Trump's last fiscal year deficit of $2.7 trillion in Trump's first term in office. That exceeded Trump's record of $3.1 trillion federal budget deficit in his third fiscal year. The numbers are as follows.
Job Creation
Trump 181,000 jobs created Biden Over 4 million jobs created
Unemployment Rate
Trump Up 0.4% (4.4% from 4%) Biden Down 2.4% (6.9% to 3.9%)
GDP
Trump 2.2% Biden 5.9%
Inflation
Trump 3% Biden 7%
Manufacturing Jobs
Trump Loss of 100,000 jobs Biden Gain of 375,000 jobs
Real Average Hourly Increase After Inflation
Trump Up 1.2% Biden up 1.4%
Dow Jones Industrial Average
Trump Up 10% Biden Up 14%
The numbers and the facts tell the real story and when one adds the fact that Biden inherited a broken economy with record spending and debt plus COVID, the numbers are even stronger. At the same time Trump inherited a good working economy putting America at work, lower deficits and a record string of unemployment being the lowest since the 1960's. As PolitiDose past commentary stated, the future under the Trump administration and the GOP, the year 2025 and the future looks like the failed past of previous GOP administrations. And it was all preordained in precedent of the past 60 years of GOP governance.
This commentary written by Joe Lorio
Note: Numbers above taken from the official records of the CBO, Treasury Department, Commerce Department and Department of Labor.
