After a four-year economic bacchanalia, America was left with a cost-of-living crisis. Runaway government spending and overregulation pushed up prices for many essentials at a breakneck pace, like the cost of homeownership doubling. Fortunately, the Trump administration has been undoing the damage and setting the stage for an American comeback this year.

It’s no exaggeration to say that President Joe Biden left behind an economic mess, including a genuine affordability crisis. Consider the following six data points showing what happened during his tenure in office:

The runaway spending by Biden and a profligate Congress crushed the American dream with 40-year-high inflation, the fastest rise in interest rates in just as long, a frozen housing market and more. The irony is that all this government spending had the initial effect of making the economic numbers look better or making consumers feel better temporarily.

When the government under Biden repeatedly fired off the cash cannon via “stimulus” payments, people thought their personal financial situations had improved because they had more money to spend. But all........

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