“The View” co-host Whoopi Goldberg claimed Tuesday that President Donald Trump ruined former President Joe Biden’s economy without once mentioning high prices or the record high deficit.
Goldberg argued that Trump inherited a “very robust” economy, crediting the Biden administration for adding nearly 16 million jobs to the U.S. economy, though she failed to mention this was largely a result of the U.S. recovering from the COVID-19 pandemic. The co-host also did not mention that inflation rose to a peak of 9% during the Biden administration and that the deficit reached record-breaking levels largely due to the previous White House’s high spending.
“[L]et me just remind you about the Biden economy, okay?” Goldberg began. “The economy added 16.6 million jobs and gross domestic product grew 12.6%. They are the only administration in history to have created jobs every single month. But wait, there’s more. They achieved the lowest average unemployment in 50 years. Wealth adjusted for inflation rose a record 37% for the median American household and Americans filed a record 21 million new small business applications, the most in any presidential administration.”
“[Trump] came in to a very robust, there were issues, there’s always going to be issues, but you can’t blame all of what’s happening on [Biden],” Goldberg continued.
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Goldberg further suggested that Republicans will not be able to “put up with” the stock market drops that have recently occurred due to Trump’s tariffs on Canada, Mexico and China.
“So how long do you think people are gonna, and not just people, but even Republicans. What do you think? … I didn’t mean it like that,” Goldberg said. “But I wanted to include Republicans because we’re starting to hear Republicans say ‘wait, what is going on?’ So how long do you think people are going to put up with it?”
Much of the labor market gains occurring during the Biden administration can be attributed to post-pandemic recovery, as unemployment was just 3.5% during Trump’s first term in Feb. 2020 and the number of employed Americans was only up by 4% in Nov. 2024. Some experts previously told the Daily Caller News Foundation that increased competition among job-seekers is a result of record immigration, stating that there are fewer native-born Americans working today than there were before the pandemic.
While the Biden administration touted its post-pandemic recovery, prices of gas, energy, groceries and other necessities soared throughout the former president’s term.
Much of the Biden presidency was blemished by stubborn inflation, with prices increasing by 20% in May 2024 during his term. jumping more than 20% during his term in office. The Consumer Price Index (CPI) rose from 1.4% at the beginning of the term to its peak of 9.1% in June 2022.
The prices of gas notably surged in the first half of the Biden administration, which the White House repeatedly blamed on Russian President Vladimir Putin following Russia’s invasion of Ukraine in Feb. 2022.
Many economists argued that the Biden administration’s excessive spending further fueled inflation, including the $1.9 trillion American Rescue Plan and the $750 billion Inflation Reduction Act. The $1.9 trillion American Rescue Plan included stimulus checks for Americans, debt bailouts for local and state governments and funding for vaccine rollouts, while the Inflation Reduction Act allocated $370 billion to green initiatives aimed at combating climate change.
Biden left office with a record high $711 billion federal deficit for the first quarter of the 2025 fiscal year and a national debt that reached $36.17 trillion just days before he left the White House. During his presidency, Biden imposed $1.7 trillion in new regulations as of Dec. 13 since his inauguration in January 2021, an analysis from the American Action Forum found.
The economy proved to be the top issue for voters in the 2024 election, prompting Trump to make inroads with Latinos, black and blue workers upon winning back the presidency in November.
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