Trump corrects economic failures- handles inflation, interest rates, and the federal deficit better

Let’s start with inflation. Over Biden’s near-four years in office, inflation is up roughly 20%. Under Trump, inflation was up 8%. So how could anyone argue that Biden will be better on inflation given that his rate is nearly three times HIGHER than Trump’s. This would be like saying a batter who has struck out four times in a row is more likely to hit a home run than a batter who has hit three homers in his last four at bats. By the way, Biden did NOT inherit inflation from Trump. In his last four months in office the inflation rate was Oct. 20—1.2% Nov. 20—1.3%  Dec. 20—1.5% Jan. 21—1.4% Then, 18 months later, under Biden, it was 9.1%. Now let’s look at interest rates. The mortgage interest rate was 2.9% when Trump left office. The mortgage interest rate is now roughly 7%. That’s more than twice as high. The higher interest rates and the inflation in rents and housing prices mean that the mortgage payment on a median value home is now TWICE as high under Biden as under Trump. How about the interest rate on federal borrowing? During Trump’s last year in office, the 10-year Treasury bill was 0.9%. After three and a half years of Biden, the interest rate is at 4.3%. Finally, there is the issue of the federal deficits and debt. Neither president has a good record on controlling spending and borrowing. That’s because both parties like to spend money and play Santa Claus. The question is which president had a worse record? When we take out the two COVID years, 2020 and 2021, we find that the average deficits under Trump were roughly $750 billion. That’s bad. But under Biden, the average deficit was $1.5 trillion. Even adjusting for Bidenflation, deficits have been at least 50% higher under Biden than Trump. But let’s put aside the real world record of Trump and Biden and look at their policy proposals. Trump wants to make the tax rate reductions permanent, continue to deregulate the economy, and encourage greater production of U.S. energy.