As the 2020 US election approaches, the candidates' approach to key policy areas is coming under scrutiny. Their plans for the economy are especially important in the wake of the coronavirus and subsequent soaring unemployment rates and economic recession. Will Donald Trump or Joe Biden be better for the US economy?
Donald Trump will be better for the US economy
In the four years since Donald Trump became US President, the economy has surpassed growth expectations and created millions of new jobs.
Donald Trump has revitalised the American economy
Despite the impact of the novel coronavirus on the American economy, its recovery has outpaced other nations thanks to Donald Trump's favourable economic polices.
Donald Trump has increased income levels across all economic groups
Trump's economic policies have increased quality of life across all income groups. Since 2016, real median household income is at its highest level in decades.
Joe Biden proved his economic nous during the Obama Presidency. His 2020 manifesto lays out a strong plan for revitalising the economy in the wake of a historic recession.
Donald Trump has been responsible for a historic US economic slump
Under Donald Trump, the US economy has suffered a recession of historic proportions.
Joe Biden is responsible for the strong economy under Donald Trump
For much of his Presidency, Donald Trump has put emphasis on the booming economy under his rule. However, the groundwork for a strong economy was laid during Barack Obama's leadership - in which Joe Biden served as Deputy.
Joe Biden will end Trump's unsuccessful trade wars
Trump oversells the success of his strongman tariff policies. This negotiation style has seen Trump repeatedly fail to meet his own year-on-year 4%+ growth pronouncements.
Donald Trump's economic plan only benefits the wealthy
Donald Trump's plans will deepen economic inequality across the US. His policy agenda includes a number of superficial improvements that will inevitably lead to a widening wealth gap between the top and bottom of American society.
