OPINION:
As we approach the end of 2025 and the anniversary of President Trump’s historic return to the White House, radical Democrats on Capitol Hill, along with their allies in the mainstream media, are in full spin mode about the state of the economy.
In his recent prime-time address to the nation, the president picked a fitting time for a brief history lesson and reality check.
First and foremost, our unemployment rate remains at a low 4.6% because of Mr. Trump’s victory, his policies and his economic team, led by indefatigable Treasury Secretary Scott Bessent. If Vice President Kamala Harris had tragically been elected in 2024, taxes would have increased, regulations would have skyrocketed, federal spending would have exploded, the border would still be open, America would be knee-deep in a recession, and the unemployment rate would likely be double what it is now.
Make no mistake: A Harris administration would have been trying to sell yet another inflationary, multitrillion-dollar spending bill to the American people as we speak.
By contrast, Mr. Trump’s landmark One Big Beautiful Bill Act and overall economic agenda have pulled America back from the precipice of socialism and a permanent economic downturn. After President Biden’s economic disaster, it will take some time to get our pro-capitalism, pro-growth engine back to full speed, but this president and his stellar team are doing it faster than anyone else could. Look no further than the recent consumer price index report that showed inflation lower than expected, now at just a 2.7% annualized rate.
Furthermore, private sector jobs are increasing and government jobs are shrinking, as our Founding Fathers envisioned. Employment for American citizens is being prioritized over jobs for illegal immigrants. Wages are up, interest rates are down, and Mr. Bessent has predicted that large tax refunds are coming thanks to Mr. Trump’s historic economic legislation, which will start fully kicking in throughout 2026.
Additionally, we got through the disgraceful “Schumer Shutdown” with a strong gross domestic product still above 3%. Gas prices are below $3 in 38 states and counting. This is all reason for optimism.
It must never be forgotten that during Mr. Trump’s first term, the economy was on fire, unlike anything we had ever seen before. His exceptional pro-growth tax cuts and epic deregulation program, which he signed into law in 2017, were the catalyst for the boom. Americans from all backgrounds and socioeconomic statuses were greatly benefiting, which is what the Trumpian “hope, growth and opportunity for all” mantra is all about.
Then, in March 2020, COVID-19 hit our country and did great harm to our economy, which had been humming along beautifully. When the pandemic started, Mr. Trump’s policies had driven the unemployment rate to a 50-year low, and inflation was essentially nonexistent. When Mr. Biden took office in early 2021, Democrats were eager to keep the economy in shackles and our schools closed, make mask mandates the new normal and continue keeping families and friends separated — all while attacking our God-given liberties at every opportunity. This was all a strategy to keep up the guise that there was an ongoing health emergency so dishonest politicians on the left could continue excessive spending and printing money like drunken sailors, at the expense of taxpayers.
The reckless Biden-Harris agenda caused our economy to overheat in no time and ushered in record inflation, to the tune of 9%. Mr. Biden and the Nancy Pelosi-led Democrats just couldn’t quit their spending addiction; they had become used to leveraging COVID-19 to behave like all-powerful despots. First, it was the ironically named $1.9 trillion American Rescue Plan. Then it was the failed trillion-dollar infrastructure bill. Who could forget the deceptively titled Inflation Reduction Act, which was in essence a mega-handout for unhinged climate fraudsters?
All the while, the Biden-Harris “autopen presidency” — now widely seen as the worst administration in history — opened our borders and presided over an invasion of illegal alien criminals, terrorists, drug dealers and millions of others lured by the magnet of “free” health care, housing and education, to the detriment of hardworking Americans.
Having lived through Mr. Biden’s painful single term in office, it’s now safe to say that it would have been much better if “Sleepy Joe” had simply done nothing. Mr. Biden could have assumed office and just let Mr. Trump’s policies work their magic. Unfortunately, left-wing activists would have none of it. They knew Mr. Biden was a barely functioning shell of his former self, and it was a golden opportunity to enact wide swaths of the socialist wish list. They did just that. So liberal doomsayers and left-wing politicians who are now lining up to talk down our economy have zero credibility on the topic.
Mr. Trump didn’t reenter the political arena to plug holes in a failing dam. He is leading our country toward the goal of unprecedented economic prosperity. With record tariff revenue, fiscal responsibility and dominant energy production, this president is implementing his vision to transform our economy across the board for generations to come, while also eviscerating climate change regulations and exempting overtime pay, tips and Social Security from taxes. The American people should rest assured that Mr. Trump will never stop fighting to completely eradicate Mr. Biden’s affordability mess and continue making America great again.
• David N. Bossie is the president of Citizens United. He served as a senior adviser to the Trump 2024 and 2020 campaigns. He served as deputy campaign manager for Donald J. Trump for President in 2016 and deputy executive director for the Trump transition team.
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