by Curt_Anderson on March 18, 2024 8:55 pm
Indy,
Four years ago, the economy was in the tank, unemployment was over 10%, the gross national product was falling into record negative territory (minus 32% in the second quarter) and the nation was facing one of the most dire times since the Great Depression. The stock market lost over 20% of its value. Foreclosures on homes were skyrocketing, home sales were nearly frozen, and people’s savings were shrinking to offset their loss of income.
In response to Rep. Elise Stefanik’s claim that we were better off four years ago, Rep. Sean Casten, an Illinois Democrat, wrote on X, “The gentlelady from NY seems to have forgotten about body bags in Central Park, a collapsing economy, loss of faith in U.S. democracy around the world and a tax-dodging, COVID-denying president who was preparing his final act of sedition.”
Four years later, the economy is booming nicely with 3.2 million more jobs than pre-pandemic levels. Wages are going up faster than inflation, which has cooled to a manageable level creating price reductions for many consumer items. The stock market is hitting all-time highs.
The Federal Trade Commission is, once again, doing its job to promote competition and Biden’s fiercely pro-union stance is paying off in wage increases in dozens of industries, closing the wealth gap.
thetelegraph.com
This guy was handpicked by Trump to be the RNC chair along with daughter-in-law Lara Trump.