VIEWPOINT | Biden's economy is superior in just about every way
Column by Froma Harrop
In overseeing the American economy, President Joe Biden has shown himself to be an amazing manager. It’s all there in the numbers, especially when placed next to those of his predecessor. And should Biden win a second term and show himself to be not as sharp as he was four years ago, small matter economy-wise. He has a high-caliber administration to keep the good times rolling.
Where do we start? Let’s start with Donald Trump’s favorite economic yardstick, stock market performance. The S&P 500 had risen 45 percent under Biden. The index was up 40 percent at this point in Trump’s term, according to MarketWatch. In sum, stock investors are doing better under Biden.
Trump blames his inferior numbers on COVID, which, yes, was not his fault. And so in fairness to Trump, the comparisons that follow come after stripping out the effects of the pandemic.
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