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Republicans like to claim it's the economy stupid, this time they are right!
Republicans like to keep harping that Biden has destroyed our economy but it's becoming clearer and clearer that they are full of shit. The next time this country does fall into a recession, our recovery will be measured by how fast it recovered under Joe Biden!
5 reasons the economy is surging under 'Bidenomics'
The Republican description of our economy is not just wrong, it’s a lie. All you need to do is look at five key economic areas: Jobs. Manufacturing. Growth. Inflation. Wages.
JOBS
The unemployment rate fell to 3.6% in June. It’s now been under 4% for 17 straight months. That hasn’t happened in more than half a century.
In Donald Trump’s four years in office, the economy lost nearly 3 million jobs.
MANUFACTURING
800,000 new jobs and $200 billion in new investments by manufacturers, fueled by Biden’s new spending via the Bipartisan Infrastructure Act, the Inflation Reduction Act, and the Chips and Science Act.
Biden’s economic policies have proven so strong that the bank was forced to revise its own estimates of U.S. growth upward.
GROWTH
Last week, new growth figures came out showing U.S. GDP grew at a 2.4% annual rate over the second quarter of this year. Way above the 2.0% that economists had expected.
“Bidenomics” has not just prevented a new recession, it’s produced a rather unique post-crisis recovery. The Biden recovery is faster and stronger.
INFLATION
Record inflation? Not anymore.
Look at the rest of the world. Something Republicans probably don’t want you to do, because for the past two years, they have tried to blame Biden alone for inflation, completely ignoring that it was a global phenomenon.
Inflation here is less than half the rate of Germany, Italy and the U.K. In fact, inflation has gone down for 12 straight months.
WAGES
You know what else is beating inflation now? Worker’s wages. They’re going up faster than the prices of goods; up more than 4%, since last year, higher than that 3% inflation rate.
Republicans keep using “Bidenomics” as an insult, but Bidenomics looks like nothing short of a miracle right now.
Republicans like to keep harping that Biden has destroyed our economy but it's becoming clearer and clearer that they are full of shit. The next time this country does fall into a recession, our recovery will be measured by how fast it recovered under Joe Biden!