From Inflation Surge to Economic Shift: Analyzing the Transition from Biden to Trump
By James Thompson, Financial Correspondent
April 15, 2025
The United States experienced significant inflationary pressures during President Joe Biden’s tenure, with the annual inflation rate peaking at 9.1% in June 2022—the highest in over four decades. This surge was attributed to expansive fiscal policies, including the $780 billion so-called “Inflation Reduction Act,” which was nothing more than a money grab for Democrat party climate change and healthcare groups. The boondoggle did nothing to curb inflation, of course, and in fact, flooded the money supply, causing soaring inflation.
In addition to this problem, Biden and the Democrats passed the $1.9 trillion American Rescue Plan, which injected way too much liquidity into the economy. This influx of funds, coupled with supply chain disruptions and labor shortages, strained the supply-demand balance, leading to price surges. Additionally, energy policies emphasizing a transition to ‘renewable’ sources and away from solid sources led to reduced investments in traditional energy sectors, contributing to decreased domestic oil production, and influencing fuel prices, and by extension, transportation and goods costs. Pretty much every policy implemented by Biden and the Democrats lit a torch to the American economy, burning it nearly to the ground.
Upon assuming office on January 20, President Donald Trump implemented a series of policies aimed at curbing inflation and reducing consumer prices. Notably, he signed executive orders to expand domestic fossil fuel production by lifting restrictions on drilling in Alaska and offshore areas, promoting the “Drill, Baby, Drill” initiative. In the first few weeks of his second term, President Trump signed scores of Executive Orders aimed at eliminating or reducing the economic roadblocks inserted by Biden. These measures are largely aimed to increase energy supply, thus lowering fuel costs.
As a direct result of President Trump’s economic polices, already in March 2025, the Consumer Price Index (CPI) rose by only 2.4% year-over-year, down from just 2.8% in February, marking the lowest rate since September 2021. This rapid decline is largely attributed to a significant drop in fuel prices, following the administration’s energy policies.
Initial indicators suggest a significant cooling in inflation, but the depth and long-term effects of Biden’s destructive policies remain uncertain. The interplay between domestic initiatives and global economic dynamics will be crucial in determining the sustained trajectory of inflation and overall economic health.
James Thompson is an author and ghostwriter, and a political analyst.
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