Biden Boom Vs. Trump Freeze: Paul Krugman Says We Traded Pro-Worker Recovery For K-Shaped Recession - SPDR S&P 500 (ARCA:SPY)
Benzinga·2025-12-26 07:29

Economist Paul Krugman warns that the United States has traded the inclusive, pro-worker recovery of the Joe Biden years for a stratified “Trump freeze,” creating a new K-shaped economy where the wealthy thrive while the working class falls behind.Reversal Of FortuneIn a new analysis, Krugman challenges the “lazy cynicism” that economic inequality is an unchangeable constant in American life. He points to Atlanta Fed data showing that the Biden presidency presided over a rare “Great Compression.”Between 202 ...