Economic Developments / Government Watch / Politics

Unleashing the Economy: How Biden Could Bring Back the Trump Era Economic Boom

Economy

When President Joe Biden was sworn into office in January of 2021, he was handed an economy with 6.3% real GDP growth, inflation was 1.4%, and the price of gasoline was $2.39 a gallon. That is, even though Trump’s last year in office was marred by the COVID-19 pandemic. Nevertheless, Trump steered the ship through those uncharted waters and continued to keep policies in place to help small businesses.

Fast forward one year, and real growth has slowed to just over 2%, inflation sits at a historic 8% year over year highs, and the price of gas is up over $4. New numbers released by the Bureau of Economic Analysis show that in the first three months of 2022, U.S. gross domestic product (GDP) actually shrank at an annualized rate of 1.4%. 

These depressing statistics fall on Biden and Congressional Democrats guided by the false belief that spending other people’s money can get you out of any mess. Congress has approved over $6 trillion dollars in new spending, mostly under the guise of coronavirus relief funding. That spending has resulted today in record inflation and depressed employment numbers. You might hear Democrats argue that the U.S. economy grew by a record high 5.7% in 2021, the fastest growth since 1982. However, inflation outpaced economic growth, wiping out any wage increases and costing Americans. 

In addition, the Biden White House has released Executive Orders and regulations on everything from energy and climate, to mask mandates and immigration. Under President Trump, America became one of the largest oil exporters in the world, exporting 5.26 million barrels per day in 2016 and 8.51 million barrels per day by 2020. In Trump’s last year in office, the U.S. “exported more petroleum than it imported – marking the first time that has happened,” according to the U.S. Energy Information Administration’s February 2021 Short-Term Energy Outlook

President Biden’s actions have depressed energy investment. He has single handedly reversed U.S. oil output, leaving Americans at the mercy of OPEC and higher gasoline prices which amounts to a large new tax paid by the majority of Americans. America’s return to being energy dependent is a real national security threat, not just for us but our European allies too, who now find themselves increasingly squeezed in the region.

Biden would be wise to quickly put in place President Trump’s agenda for the economy, border, and energy. President Biden should take these steps now, announce a moratorium on all new regulations, and work with Republicans to bring back the Trump-era economic boom.

Bob Carlstrom is President of AMAC Action


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Meg Mano
1 month ago

Such a travesty what has happened under Bumbling Biden! Conservative voices are silenced and crime in Blue Democratic states is out of control. The southern border is a mess and dangerous people keep pouring over. He’s such a Lame Duck of a president. If I didn’t have Faith in my Mighty God, I would be lost.

Sam
1 month ago

He doesn’t care about the American people all he has been interested in was to kill everything that Trump instigated!

John Jackson
1 month ago

Boy now that’s the biggest joke ever old uncle Joe doesn’t want to make America great again all he wants to do is destroy America he and his party it’s just that simple

Steve
1 month ago

Until we choose to act instead of debating these things to death, nothing will change. Everyone knows what happened and we have known all the way back to Slick Willy. The cowards on both sides of the isle don’t want anything to upset their trough… Pence knew what he was supposed to do and he failed. We can look at all of the criminal behavior and questionable progressive politics clear back to Woodrow Wilson and track where we’ve been duped as plain as day and yet nothing is done to fix it… Oh look! The emperor is naked! (Again)… And not only does he not know he’s naked but he doesn’t know who and where he is… Will somebody please throw him a bathrobe and maybe a box of disposables… Soon, there won’t be anything to fix… What a shame to let the best example of self governance slip into history without a struggle… ATM1

Jack
1 month ago
Reply to  Steve

Agreed. We’ll put Steve

Ed
1 month ago

He could confess to the crimes we ALL KNOW they committed, of treason and fraud, thus beginning the disassembly of the criminal enterprise called the “Biden Administration”.

Susan E
1 month ago

Don’t hold your breath. They do not want to have a prosperous economy for American people, only for politicians!????????????

Sid
1 month ago

President Cabbage Brain could, but he won’t. The Nazis, I mean Democrats, aren’t interested in America.

Jess Salazar Sr
1 month ago

I sware,since Branden took office,
the days on the calendar have come to a crawl!
It’s ground hog day, every day to
boot! Disaster after disaster!! His actions even top Murphy’s Law!!

Dave Williams
1 month ago

We must understand that the Democrat-Marxists are more interested in achieving their energy, open border, world gov’t

Dennis Steckler
1 month ago

You made one error. Biden was not elected into office…he was installed and should be removed by US Marshall’s

Diane Adams
1 month ago

This current White House resident makes me sick. I’m an 80 yr old widow of a deceased retired Police Officer. I’m struggling to live on half of his retirement of 30 yrs ago. I have no idea how to survive as are most Americans.

Steven Anderson
1 month ago

Just this week Biden’s Interior Department nixed 3 offshore oil leases. I’m not sure how many on shore drilling permits are being issues or how fast they are being processed. I’m not sure if our President even understands how to turn the situation around or how easily it could be done. So sad.

Centurion
1 month ago

His fraudulentcy Xao bai-Din doesn’t want to turn the situation around. His promise was to end all fossil fuels.

TIKA
1 month ago

How Biden Could Bring Back the Trump Era Economic Boom (easiest) 1) admit stealing the election. (impossible) 2) get a brain.

Patty Quackenbush
1 month ago

All the proof concerning the fraud that was committed during the 2020 election is there in addition to the dead people voting, people voting several times in their own state and other states, the drop boxes which about 2000 people were paid approx. $45000 to pour thousands of ballots in drop boxes for Biden, millions of illegals voted and many blue states let anyone vote and no id was required. NYC just gave illegals the right to vote.. The Supreme Court should have looked at the evidence a long time ago and three justices wanted to do just that, Thomas, Alito and Gorsuch but were denied by Roberts because they needed one more. Are you kidding me? This country and the world is a disaster. I fume every time Hannity, Carlson, Waters, or anyone else refers to the piece of cow dung in the White House as our president. He is a fraud. He is corrupt and has been for decades. He is a racist. He is suffering from dementia. Everyone says he needs to be impeached. NO! He needs to be exposed for the fraud he and everyone else in the White House is and all need to be held accountable. Mark Levin screaming why aren’t Americans standing up and fighting for the truth to come out and change things. Well, most of us have no voice, or money or means. Who and how are we to fight? Most of congress is bought by George Soros, add to that he’s got most of the judges, prosecutors, secretary of states, governors, mayors, police chiefs, the Clintons, Obamas, even high ranking military. Who gave this Godless piece of cow dung, Soros, American citizenship? Not one thing that is going on today would be happening under the rightful President Trump. I can’t even listen to FOX News and barely all the emails I get from so many outlets. A government becomes corrupt because the people just don’t care until it is perhaps too late. I won’t send one nickel to the Republican Party even though they constantly message my phone 24 /7. It was the Republican Party’s chairwoman who stopped over 40 secretary of states from going to the Supreme Court with evidence of the fraud. Fauci and others are already gearing up and warning us that in the fall there will be another pandemic. You can count on that. No amount of money is going to put any candidate in office that is for God and Country and the People. You who could have overturned the 2020 election and didn’t will have to live with America’s death. You can put money on this. It’s not just George Soros, or the Democrats or the Rhinos but the left has infiltrated all state, county and city and town governments. Our schools, our courtrooms. Trump supporters met in Washington DC but they didn’t storm the capitol. No ANTIFA and BLM did and they were sanctioned by the FBI. There is no department in our government that hasn’t been breached by the left. And what alarmed me was this has been planned for decades. Then God chose a most unlikely man who had never entertained running for any office. He had a good life. A great life. Beautiful wife, great kids. But he ran and I believe that God chose him. And he did so much good and weren’t we all proud to be an American. Trump usually mentions God and I have heard him give the glory to God and Jesus. I have never heard God mentioned by the left. EVER. The left has never read our Constitution or about our Founding Fathers. I have. I don’t remember ever being taught the real history of this country and very little was taught about the men who when they signed the Declaration of Independence, they were marked men but men willing to give their lives. No other nation in the world has ever been created under God and under Judeo-Christian values and beliefs. We were the Great American Experiment and for over 245 years, our Constitution has stood. We have been a beacon unto the world. We do not have a history of systemic racism. If that were true, why do millions flock to our shores? Under a One World Government, you will not have the liberty and freedom we have enjoyed for over 245 years. There will never be a pursuit of happiness. And those Founding Fathers and those who fought in the American Revolution will be for nothing. We do not have a democracy. Democracies do not work. We have a very unique government and it is a Constitutional Republic and our Founding Fathers created the best government in the world. A small federal government that the left want a huge federal government to control every aspect of your lives. Doesn’t anyone remember Sanders saying that Russian gulags should be brought to America for those who needed to be re-educated? He honeymooned in Russia. I say he should lose his American citizenship and all he has and ship him to his Mother Russia. No one like Sanders, Cortez, Omar, Warren, Pelosi, Schumer, Schiff, McConnell, Graham and so many others should not be in our Congress as anyone who does not like what our Founding Fathers built and many died forshould not be given any power over the American people. And on our Supreme Court if you can’t identify your own sex, you don’t belong on our highest court. Politcs should not be on our highest court. And it might surprise you that our Founding Fathers prayed as much as three hours a day when drafting our Constitution and they referred to the Geneva Bible. Everything to run a government and how to live as people is contained in God’s Word. Our Bill of Rights is derived from the Ten Commandments. Yes, this country is so very different from all other nations in the world and just like when you believe in God and have a personal relationship with Him and you go to Him every day, you are vilified and hated by many just as Jesus was. It is an age old war, good vs evil and good has always won. But God warns us, that a time will come when it seems as if evil is winning. God is just giving us a chance to put Him first and He will bless us as always. The songs God Bless America, the Battle Hymn of the Republica, My Country Tis of Thee; I hear them and I say to myself, “It is well. With my soul. It is well. It is well. With my soul. ” We are such a special country and have always had God’s blessings but I fear the foothold evil has wrought may be too late. For me, unless the Supreme Court looks at all the evidence of the massive fraud during our sacred election of 2020, well, I know where I am going. I have shed so many tears since 2020 and my heart is heavy. I keep hearing Taps. Is that America’s death?d

Bill on the Hill
1 month ago

Thanks Patty… Clearly you get it with respect to your rather lengthy comment…You covered quite a bit of ground actually & I love to see that some people really do understand what is going on here as it has been creeping up on all of us for a very long time now…
I want to give thanks to DJT’s (4) years of service as our 45th POTUS…
Trump was instrumental in getting so many American’s eyes opened up on the importance of a free & open federal government of the people, by the people and for the people plus he donated his salary to his favorite departments within our federal government…
In closing, as time marched on for our 45th POTUS & by a wide margin, our most successful president in US history, despite the blistering media & socialists Democrat Party attacks, Donald J. Trump being the successful businessman he is, helped to usher in a time of a higher quality life for ALL Americans, race, creed, religions, political affiliations mattered not, everyone came out a winner
under the Trump administration…Make America Great Again & America First for We The People have not forgotten & we want our country back…
All the best,
Bill… :~)

Jwportier
1 month ago

Wow! Never have I seen so much correct information written at one time. Awesome post

Ken
1 month ago

Wow! Thank you!

Diane Adams
1 month ago

God bless you. I too lean heavily on our Heavenly Father and I know with God all is well with my soul. I wish I could say the same for our country and those “running” this USA down the drain and into the ground.

Steve
1 month ago

I don’t push back on people trying to tell the truth very often but Trump is losing a big chunk of his base with the way his language is degrading into profanity. You can mention God all you want but when you talk like a drunken sailor the rest of the time, all your good gets tossed out with the bad… Sorry…

Dotsster
1 month ago

Patty, your love of God, liberty and the USA, shine brightly. Thank you for your honest opinion and I so agree with you!
God Bless the U.S.A!

Frank
1 month ago

Patty Thank you so much for speaking from the heart. I wish that I could print your statement and pass it on to family, coworkers and friends. I have been saying for years that the government has been poisoning us through our food and medication. Also that they ( who are in power) should be changed with treason. Just like the private in the military, article 15. They all took an oath to uphold the constitution of the UNITED STATES of America. Thanks again Frank

Darlene
1 month ago

Couldn’t have said it better. Too bad no public newspaper will publish it. Maybe Epoch Times would.

Gloria Hensley
1 month ago

LOL. That’s the last thing he wants to do is bring back anything Trump. He wants One World government and work with Klaus Schwab – but he doesn’t realize he would be one of the ‘worthless’ people.

june
1 month ago
Reply to  Gloria Hensley

Every person who posted is correct. They should all be impeached for what they have done and still continue to destroy our history & great country. We were in such great shape with Trump!!! Yes, he has an obnoxious mouth at times, but he did more for this country than any other president and truly loved America!!! Democrats can’t handle that he is smarter than all of them and the only person, being a business, and highly intelligent know how to get things done. We were in such great shape. Being a senior, this is a horrible way to spend whatever good years we have left in this hell-hole that they have put us in. They take better care of Illegals than they do of working decent Americans. Shame on every single one of them. Biden is sending formulas to immigrants at the border. What about the Americans who pay taxes!!!!

BAE
1 month ago

King Joe Biden loves the rich; gives a little to the poor. Will do nothing for the average American taxpayer. He hates his own country and is destroying it faster then I thought. I don’t recognize my own country. Too sad!

Larry W.
1 month ago

Biden will let the country go to pieces before he does the right thing. The dems will not approve doing anything that resembles what Trump did lest Trump would actually get some credit and the dems would be exposed for their failed policies.

johnh
1 month ago

We will never know where Trump economic plans would have ended up at end of year 2020 —- due to fact that Covid-19 hit & turned USA upside down. But, what I have read is that Fed Debt increased every year of Trump’s term. I consider Federal Debt as a very important component of any economic plan.

Kim
1 month ago
Reply to  johnh

Under extraordinary circumstances as those we encountered when Covid hit our shores, I would have expected the national debt to ratchet up. The decisions made during the second half of Trump’s term were dictated in part by democrats. If we were to enforce shutdowns for the health of the country, whether they were wise or not in retrospect, the government then needed to provide some support to its citizens.

We could see that President Trump’s economic policies were spot on. Lower taxes, fewer regulations, energy independence, a bolstered military…all this helped spur an economic rebound in his first 2 years like we’ve never seen before. Where I live, you couldn’t drive down any street without seeing renovations, business expansion, home improvement, and new builds taking place. Everybody seemed to be hiring. All this, despite the left’s ongoing attempts to impeach him or to discredit his accomplishments.

Then Covid hit and put everything on hold. But we knew that if he could, Trump would get us going again. Through Operation Warp Speed, he had vaccines and other methods of treatment readied for those who wanted and needed them. Would biden have been proactive? I doubt it. You’d have had to go searching for him in his little bunker. In fact, he has taken credit for the vaccine! Twerp. At least we knew that Trump would get this country up and running at the earliest opportunity. Unfortunately, the MSM, the democrats, and self-inflicted hysteria over Covid delayed any semblance of returning to normal.

And then Trump lost in 2020. I’m quite sure it was stolen from him. He drew tens of thousands to each of his many rallies (sometimes 4 or 5 in one day), whereas biden could attract only a few dozen, when he bravely venture from his mousehole. And most of the attendees were the press.

There’s no contest when it comes to comparing biden to Trump. One is a losing, lying cheater and the other actually cares for the least among us. I agree, we do need to address the huge problem of the national debt. At more than $30 trillion plus another $100-150 trillion in unfunded liabilities, this country must get it under control. Only when a president and a Congress get this economy revved up, and have the determination to reduce the debt, will we see those numbers decline. Biden and the dems are incapable because it doesn’t help their cause—the one that makes each of us dependent upon the federal government for everything. And that’s not the way I want to live.

Kim
1 month ago
Reply to  Kim

“ventured”… Edit button!

johnh
1 month ago

Biden on TV today & said he is meeting with people to take care of Baby Formula shortage. Doesn’t Biden have any Cabinet members that can take care of problems like this ? Is be being a micro-manager or does he not trust his people. He turned border over to Kamala & how is that working out.

Jerry
1 month ago
Reply to  johnh

Sneaky Joe is illiterate.

Larry W.
1 month ago
Reply to  johnh

It’s another Biden lie. He also just said it’s up to the fed to help curb the inflation disaster. He will not face the fact that his policies are damaging our country. He will take no blame for anything. He constantly passes the buck. He is not a leader , he is an actor.

Kim
1 month ago
Reply to  johnh

Maybe Harris is the one funneling formula to the illegals crossing the border. New mothers out there who want to help can breastfeed their babies and maybe donate milk to those who can’t find formula. What a mess; nothing works well any more. Totally dysfunctional.

Henry
1 month ago
Reply to  johnh

Short answer. NO. This is what happens when you pick your cabinet by race and gender. Shame they were not picked by qualification.

johnh
1 month ago

Biden was on TV today & said that he decreased Fed Debt by $350 Billion in year 2021. That is the first time I have heard this, and how is it possible with the huge spending last year. And, a couple of days ago , he said debt will be reduced 1.5 Trillion this year. Can AMAC or anyone verify or explain these two statements on Fed Debt in the last week from WH???

Max
1 month ago
Reply to  johnh

The BIG LIE is all that Biden is spewing out to the country. The Left continues to MISLEAD those who are willing to BELIEVE.

Kim
1 month ago
Reply to  johnh

If biden had done nothing upon entering the White House, the reduction in the deficit would have been much higher. But then he implemented over $5 trillion in Covid relief when it probably wasn’t necessary due to the vaccine and pharmaceuticals. The country could have gotten back to business and back to school if he hadn’t offered the sugar-coated carrot, namely all those checks sent to everyone staying home. And extending unemployment didn’t help either. Why would some 26-year-old go back to his job when biden was giving him months and months of unemployment checks PLUS Covid relief money? One report I heard said that half of the grant money dedicated to business relief ended up fraudulently claimed. Good luck getting that back.

Biden and the dems do not support a business friendly environment. Just look at the income and corporate taxes he already has raised and the devastating effects of his energy policies. Is that good for treasury revenues? NO! Lowering taxes, as President Trump did, stimulates consumer spending, business expansion, and hiring…which puts more revenues into the federal piggy bank. Under biden and the democrats, the national debt must necessarily go in one direction—up.

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