(PatriotNewsDaily.com) – On Friday, billionaire investor Mark Cuban defended President Joe Biden for the economic state while criticizing former President Donald Trump for destroying the strong economy left behind by his predecessor, former President Barack Obama.
On X, there was a graph that showed that during the Biden administration, positive real wage growth occurred for 12 months in a row. Cuban defended Biden to a user who had argued that the numbers were not impressive. Cuban in response claimed that Trump supporters did not realize that Trump had underperformed after he inherited the Obama economy.
The user, however, responded by claiming that Cuban was ignoring that under Trump there was no negative wage growth. They argued that it was not right to be talking about the “wage growth” under Biden because the line was positive, because he was not paying attention to how the Trump administration did not have any negative wage growth.
The graph also notes that Biden for the first 25 consecutive months of his administration had dealt with negative real wage growth which he had managed to reverse. Cuban pointed out that both Biden and Obama had inherited the economy at a time of crisis and that they were able to reverse negative wage growth, while on the other hand, Trump had during his time diminished wage growth.
Cuban also pointed out that the graph he was showing did not include any commentary and that both the Biden and Obama administrations have inherited the economy at a time of crisis and that they have managed to transform the time to an economic positive status.
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