The Trump Economy versus the Biden Economy

November 8, 2024

Whit Ayres was cited by E.J. Dionne in his column exploring Donald Trump’s victory:

The facts were part of a slide that Republican pollster Whit Ayres regularly included in his pre-election presentations. Ayres would contrast the average inflation rate during Trump’s and Joe Biden’s presidencies (1 percent vs. 5 percent); interest rates (3 percent under Trump, 6 percent under Biden); and the price of a market basket of food ($100 in the Trump years, $125 in the Biden years).

I’m sure there are many ways to measure these numbers, but the story Ayres told illustrates how deep discontent could coexist with an economy so good that the Economist described it as “the envy of the world.” Anger about prices trumped macroeconomic analysis.

To read the full column, please click here.

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