Following the 2024 presidential election, the White House released a memo praising the Biden-Harris administration for its accomplishments. The memo highlighted the administration's response to the COVID-19 pandemic and economic challenges, stating that it will leave behind a strong economy.
According to the memo, President Biden and Vice President Harris oversaw the creation of 16 million jobs and saw a record number of women and people of color re-entering the labor force. Additionally, there were 20 million new business applications filed, and inflation levels were down.
The White House attributed these successes to legislation that focused on rebuilding infrastructure, investing in climate action, reducing prescription drug costs, and revitalizing manufacturing.
While the memo painted a positive picture of the economy, recent data tells a different story. The latest jobs report showed only 12,000 jobs created in October, well below expectations. The unemployment rate remained at 4.1%, and inflation levels have continued to impact Americans.
Despite the White House's claims of economic success, critics, including the Trump campaign, have pointed to the challenges faced by the economy. The 2024 election results reflected a shift in public sentiment, with President-elect Donald Trump securing a significant victory over Vice President Kamala Harris.
As the nation transitions to a new administration, the economic landscape remains a key focus for policymakers and the public alike.
