Trump Is Misleading You With Covid-Era Statistics. So Is Biden.
PoliticoVoters have the unusual opportunity to choose between two candidates that have already worked in the Oval Office. Under Trump, the economy added roughly 7 million new jobs, but then shutdowns and panic from Covid pushed more than 22 million people out of work in March and April of 2020 alone. On the flip side, Biden smashed records by adding 6.6 million jobs in his first year in office, but that represented healing; the U.S. economy didn’t recover all the jobs lost during Covid until 2022. “On President Trump’s last day in office, GDP was growing at 6.3 percent,” Trump’s campaign trumpeted the night that Biden gave his State of the Union address. | Mike Roemer/AP It’s worth pointing out that Republicans also risked inflation under Trump by passing sweeping tax cuts when unemployment was already low, but that stimulus ended up working out fine, suggesting that — even a decade after the 2008 financial crisis — the economy still wasn’t meeting its full growth potential.