On Tuesday, Breitbart posted a cheat sheet for anyone watching the debate who might wonder about the economic information cited. The cheat sheet came in very handy, as much of what Vice-President Harris cited in terms of economic numbers was pure fiction.
Here are the numbers on the Trump economy and the Biden economy:
- Peak Inflation for Trump: 2.85%
- Peak Inflation for Biden-Harris: 8.98%
- Peak annualized inflation for Trump: 6.3% in September 2017
- Peak annualized inflation for Biden-harris: 16.05% in June 2022
- Cumulative Trump Inflation: 5.9%
- Cumulative Biden-Harris Inflation: 19%
- Cumulative Trump grocery inflation: 6%
- Cumulative Biden-Harris grocery inflation: 20.9%
- Rent increase under Trump: 12.5%
- Rent increase under Biden-Harris: 22.1%
- Months of PCE inflation above two percent under Trump: 5
- Months of PCE inflation above two percent under Biden-Harris: 40
- Manufacturing Jobs Added under Trump: 414,500
- Manufacturing Jobs Added under Biden-Harris: 138,000
- Growth of Manufacturing Jobs under Trump: 3.5%
- Growth of Manufacturing Jobs Under Biden-Harris: 1.07%
- Trump employment growth: 6.5 million
- Percent Trump employment growth: 4.3%
- Biden-Harris employment growth: 2.6 million
- Percent Biden-Harris employment growth: 1.7%
- Trump wage gain: 6.46%
- Biden-Harris wage gain: 5.17%
- Trump wage gain: 6.54%
- Biden-Harris wage gain: 0.00%
- Foreign born population growth under Trump: 2.2%
- Foreign born population growth under Biden-Harris: 12.6%
- Foreign-born employment growth under Trump: 7.5%.
- Foreign-born employment growth under Biden-Harris: 14.2%.
- Foreign-born workers as a percentage of all U.S. workers under Trump: 17.4%
- Foreign-born workers as a percentage of all U.S. workers under Biden-Harris: 19.6%
- Trump average budget deficit 2018-2019: $809 billion
- Biden-Harris average budget deficit 2022-2023: $1.5 trillion
- Trump budget deficit as share of GDP in 2018: 3.8%
- Trump budget deficit as share of GDP in 2019: 4.6%
- Biden-Harris budget deficit as share of GDP in 2022: 5.3%
- Biden-Harris budget deficit as share of GDP in 2023: 6.2%
- Average economic growth in first three years of Trump administration: 2.7%
- Average economic growth in first three years of Biden-Harris administration: 3.4%
- Average economic growth under Biden-Harris excluding 2021 pandemic rebound: 2.2%
- Average return of S&P 500 in first three years of Trump administration: 16.3%
- Average return of S&P 500 in first three years of Biden-Harris administration: 12.3%
- Peak 30-year mortgage interest rate under Trump: 4.94%
- Peak 30-year mortgage interest rate under Biden-Harris: 7.76%
If Vice-President Harris truly cared for the financial well being of American families, she would tell them to vote for President Trump!