The Biden Economy Is Booming. The New Jobs Report Reported 467,000 Jobs Were Added To The Economy In January, Wages Increased, And The Unemployment Rate Fell To 4%. Biden’s Economy Is Also The Fastest Growing Economy Since 1984. Inflation is High Because Of The Lingering Effects Of The Pandemic Due Mostly To Selfish,Unvaccinated Fake Americans. In General, Americans Have A Superfical Understanding Of The Many Influences That Effect The State Of An Economy. Biden’s Economic Plan Has Saved America From Falling Into A Recession That Could Have Easily Occurred During The Pandemic. Fox Was Salivating At The Probability Of A Disasterous Jobs Report. Wanting A President To Fail Is What Traitors Do.
Biden’s economic accomplishments are record-breaking (CAP, Jan. 22, 2022). You can’t credibly call the following facts fake, however, Fox will try and we will cringe;
Under Biden, we have seen the most jobs created on record
Under Biden, we have seen the fastest decline in the unemployment rate on record
Since the passage of the American Rescue Plan, unemployment has fallen much faster than expected
Under Biden, all sectors saw job gains
The United States recovered its pre-pandemic level of income faster than all other G-7 countries
Real disposable incomes were up and poverty fell despite inflation
People had more disposable income in 2021, even taking inflation into account
Poverty among children fell by 38 percent from 2020 to 2021
Workers were empowered to take better jobs
Applications to start new businesses increased dramatically in 2021
Trump’ economic failures include:
Left office having created less jobs than when he entered office
Mismanaged the pandemic making worse an inevitable financial turndown
Created international trade policies that hurt U.S. industry while simultaneously alienating allies.
Misunderstood the value of the World Trade Organization to the economy
Increased the trade deficit with China with his trade wars
Ballooned the national debt
Failed to strengthen the American manufacturing sector
Unemployment was consistently higher for people of color over whites
Financial gains from his corporate tax cuts benefitted mainly those who were already rich.
Out of control spending, an anti-conservative policy, ballooned the national debt to 7 trillion dollars
His expensive tax cuts to the rich ballooned the deficit to the third largest increase in U.S. history
Prices on goods for the average person increased as Trump engaged in a tariff war run by his ego to best President Chi. His ego war cost the American economy 300,000 jobs
Millions of Americans lost their jobs, life savings, and lives due to his lying about the deadly nature of the corona virus
His alienation of our allies with his toxic masculinity behaviors and anti- globalization policy of ” America First” affected positive trade practices
Communities of color bore the brunt of Trumpism’s economic policies, proving even his economic policies were as racist as his social policies. However, thankfully he lost, and despite that he is still poisoning the country with corruption and pursuit to destroy democracy, Biden is kicking his butt as a President of the United States.
Here is a look at the outgoing president’s legacy on the U.S