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'Just nonsense': Economist dismantles core Trump claim

Economist Justin Wolfers counters Trump's economic claims by highlighting strong labor market data and low tariff revenue, while citing near-record low consumer confidence, according to U.S. data.

Summary by Raw Story
President Donald Trump repeatedly claims that he inherited a troubled, dysfunctional economy from his Democratic predecessor, Joe Biden, and quickly turned it around. In fact, the United States enjoyed record-low unemployment during Biden's presidency, but widespread frustration over inflation helped Trump pull off a narrow victory of roughly 1.5 percent on Election Night 2024.Economist Justin Wolfers, who teaches at the University of Michigan b…

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Raw Story broke the news in United States on Saturday, November 29, 2025.
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