The economic carnage Biden left behind is finally getting exposed.
Wall Street just dropped a report that makes Democrats squirm.
And Goldman Sachs just exposed Biden's economic disaster with this brutal forecast.
Trump's Economy Set to Crush Biden's Record
Goldman Sachs released its 2026 economic outlook, and the numbers tell you everything about how badly Biden wrecked the economy versus what Trump is building.¹
The investment bank projects U.S. GDP growth will accelerate to 2.6% in 2026, crushing the consensus forecast of 2%.¹
That's a massive jump from Biden's stumbling 2.1% growth in 2025.¹
Goldman credits three forces driving the comeback: reduced tariff drag from stabilized trade policy, Trump's One Big Beautiful Bill Act delivering $100 billion in tax refunds to consumers in the first half of the year, and improved financial conditions from Fed rate cuts combined with Trump's deregulation agenda.¹
The OBBBA alone is pumping serious stimulus into the economy with business tax provisions allowing full expensing of plant and equipment that's already boosting forward-looking capital expenditure indicators.¹
Trump's tax cuts are putting real money back in workers' pockets. Consumers will see an extra $100 billion in tax refunds in the first half of next year, equivalent to 0.4% of annual disposable income.²
That's actual relief for families crushed by Biden's inflation nightmare.
The contrast couldn't be starker. Biden's economy sputtered under the weight of out-of-control spending, regulatory overreach, and energy policies that strangled American producers.
Trump inherited an unemployment rate that climbed to 4.6% under Biden's watch, with hiring frozen and businesses terrified to expand.
Biden's Jobs Crisis Exposed
Here's where Goldman's forecast gets really interesting about Biden's failure.
The labor market that Biden destroyed isn't bouncing back despite stronger economic growth.
Goldman economists project the unemployment rate will stabilize around 4.5% in 2026, meaning no meaningful decline from current levels anytime soon.³
Biden spent four years bragging about job creation that was mostly just recovering pandemic losses. Strip out the recovery jobs and Biden created 3.7 million jobs total. Trump added 5 million in his first 2.5 years.⁴
That's not even close.
Layoffs hit 1.1 million through November, up 54% from last year and the worst since 2020.⁵
Young people can't find work. Job listings disappeared. Companies won't hire.
Biden spent four years telling everyone the job market was great while businesses quietly stopped expanding their workforce. They're cutting through attrition, betting productivity can replace the workers they're not hiring.³
Translation: Biden threw so much chaos at the economy that companies are terrified to add headcount.
The Goldman economists warned AI applications could arrive faster than expected, potentially pushing unemployment even higher if companies accelerate their focus on cutting labor costs.³
That's Biden's legacy – an economy so fragile that technological advancement becomes a threat rather than an opportunity.
Trump's Policies Deliver Where Biden Failed
Goldman's forecast makes clear what voters already knew in November when they handed Trump a landslide. Biden's economic policies were an unmitigated disaster.
Inflation under Biden remained elevated at 2.8% throughout 2025 mainly because of tariff pass-through from his chaotic trade policy.³
Without those failed policies, inflation would have fallen to 2.3%.³
Trump's approach is already working. Goldman projects core PCE inflation will decline to just above 2% by the end of 2026 as the impact from stabilized trade policy diminishes in the second half of next year.³
The investment bank noted tariff pass-through may rise modestly from 0.5 percentage points now to 0.8 percentage points by mid-2026, but then its inflationary impact fades.³
That's responsible economic management. Set clear rules. Let businesses adjust. Watch the economy strengthen.
Biden never understood this. His administration lurched from crisis to crisis, throwing trillions at problems while regulatory agencies strangled innovation and energy production drove costs through the roof.
Goldman's forecast validates everything Trump campaigned on. Tax cuts work. Deregulation unleashes growth. Stable trade policy beats chaos.
The American people rejected Biden's economic failures and embraced Trump's proven record. Goldman Sachs just confirmed they made the right choice.
¹ Eric Revell, "US economy expected to grow faster in 2026 despite stagnant job market: Goldman Sachs," Fox Business, December 29, 2025.
² Ibid.
³ Ibid.
⁴ House Budget Committee, "FACT CHECK: Setting the Record Straight on Bidenomics," House Budget Committee website.
⁵ "We asked experts to rate the U.S. economy in 2025. Here's what they said," CBS News, December 24, 2025.