The Race for the Trump Economy › American Greatness
Victor Davis Hanson
8–10 minutes
The current economic indicators, at least those attributable to the 10-month Trump administration, are strong.
Fourth-quarter GDP is estimated to grow between 2.7 and 4 percent, the robust latter figure according to the Atlanta Federal Reserve Bank.
Inflation from June to August ranged from 2.7 to 2.9 percent, significantly lower than the 5 percent annual average during Biden’s 2021-2025 term.
Gas prices now average $2.98 per gallon, compared to $3.46, the average cost during Biden’s four years.
In less than a year, Trump has increased oil production by one million barrels per day.
Unemployment in the second quarter of 2025 stayed steady at 4.2 percent, roughly the same as the 4.1 percent during the final month of Biden’s tenure.
The stock market has reached an all-time high. Foreign investment is pegged at record levels. Tariff revenue could reach $400 billion by the end of the year—vastly outpacing the $77 billion in all of last year, 2024.
In other words, the economy is rolling along.
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https://amgreatness.com/2025/11/10/the-race-for-the-trump-economy/
