In the aftermath of the COVID-19 pandemic, which saw lockdowns and business closures across the United States, the nation’s economy has suffered substantially. The next president will have to focus on restoring the country’s prosperity and enhancing it as one of the most important issues of their tenure. As such, the American people have to choose a candidate among the two current frontrunners, the Republican incumbent Donald J. Trump and the former Democratic vice-president Joe Biden. The choice on this issue is not complicated, as Trump’s record and his credentials are far superior to Biden’s.
Joe Biden does not have a viable plan for restoring the economy, nor does he have the credentials to suggest he can do so. His suggested policy of continued lockdowns will damage the economy further and likely delay the recovery by years. Moreover, his current promises involve providing social security to Americans by taxing the wealthy. The program has already shown its inadequacy in New York, which has recently seen a retreat of the upper-middle and upper classes from the state. Moreover, with Joe Biden’s questionable health, his ability to coordinate the national response is also not certain.
On the other hand, Donald Trump has already demonstrated his economic understanding in his career as a businessman and his time as President of the United States. The unemployment rate has already decreased from its approximately 15% peak in April to 8.4% in August, an unusually fast recovery that can be attributed at least in part to the administration’s efforts. This result compounds the current president’s excellent economic record since his inauguration in 2017. Combined with his apparent health and energy, there is little reason to doubt the ability of Donald J. Trump to restore and expand the economy should he be elected for a second term.