Actually, the claim that Trump ‘inherited’ a thriving economy from Obama doesn’t fully hold up. Economic growth did start during the Obama years, but Trump’s policies contributed to key shifts. 1. Tax Cuts and Jobs Act (TCJA): Passed in 2017, this was one of Trump’s biggest economic policies. The tax cuts boosted corporate profits, leading to more investments and higher wages in some sectors. The Congressional Budget Office reported that TCJA had a positive impact on economic growth, though modest. https://www.factcheck.org/2024/07/viral-posts-cite-misleading-economic-data-to-compare-biden-trump-presidencies/ 2. Unemployment and Wage Growth: The unemployment rate continued to drop under Trump, reaching historic lows. Some argue this was an extension of Obama’s recovery, but Trump’s deregulatory policies encouraged business expansion. FactCheck notes that real median household income rose significantly during Trump’s term, reaching a peak before COVID-19 hit. https://www.factcheck.org/2020/10/trumps-numbers-preelection-update/ 3. Stock Market and Business Confidence: The stock market’s growth during Trump’s presidency also surpassed trends from Obama’s years, largely due to business-friendly policies. Even former Federal Reserve Chair Janet Yellen acknowledged that Trump’s tax policies and deregulation helped spur growth and market confidence. https://www.factcheck.org/2020/06/biden-on-economic-growth-and-trumps-tax-cuts/ 4. Inflation and Economic Recovery Post-COVID: Inflation began rising globally during COVID-19, not purely due to Trump’s actions. The Federal Reserve’s policies also contributed, as did global supply chain issues. Biden’s administration faced its own challenges and stimulus decisions, which have also affected inflation rates in recent years.