Jason Furman:
https://www.nytimes.com/2026/03/18/opinion/economy-us-trump-biden.html
As a candidate, Donald Trump called the economy under President Joe Biden a “nightmare.” As president, he says the United States is “bigger, better, richer and stronger than ever before.” Democratic rhetoric has shifted just as sharply, from Vice President Kamala Harris touting the U.S. economy as “the strongest in the world” during the 2024 campaign to Democrats today decrying an “affordability crisis.” And that was before gas prices jumped more than $0.50 a gallon in the wake of the Iran strikes.
While the narrative on both sides has done a 180-degree turn, the economy itself has not. It didn’t change after tariffs were rolled out. It didn’t change after A.I. became more widely adopted. The economy over the last year has looked a lot like it did in 2024.
https://www.nytimes.com/2026/03/18/opinion/economy-us-trump-biden.html
As a candidate, Donald Trump called the economy under President Joe Biden a “nightmare.” As president, he says the United States is “bigger, better, richer and stronger than ever before.” Democratic rhetoric has shifted just as sharply, from Vice President Kamala Harris touting the U.S. economy as “the strongest in the world” during the 2024 campaign to Democrats today decrying an “affordability crisis.” And that was before gas prices jumped more than $0.50 a gallon in the wake of the Iran strikes.
While the narrative on both sides has done a 180-degree turn, the economy itself has not. It didn’t change after tariffs were rolled out. It didn’t change after A.I. became more widely adopted. The economy over the last year has looked a lot like it did in 2024.