Joe Biden’s Economy

Joe Biden’s economy first year:

Stock Market up to all time high, although it went down this past week, the most since March 2020.

Unemployment dropped 2.5 percent, an all time record, as 6.2 million jobs were created, the most in a first year of a Presidency.

All sectors of the economy saw job gains, and the American Rescue Plan caused unemployment to fall faster than expected.

People had more disposable income in 2021, even taking inflation into account.

Poverty among children fell by 38 percent from 2020 to 2021.

One third fewer people reported they did not have or sometimes did not have enough to eat in December 2021 than in December 2020.

Workers were empowered to take better jobs, as they were able and willing to quit, being able to get higher pay, better benefits, and working conditions.

Applications to start new businesses increased dramatically in 2021.

Clearly, while economic conditions are much better, to the average American, inflation is a nightmare, and the COVID 19 Pandemic is having a deleterious effect on the mood of the American people.

So there is a lot of discontent with the Joe Biden Presidency as many Americans are unhappy at the stress and uncertainty that the Pandemic has caused.

But if clearcut thinking is employed, does anyone think a fifth year of Donald Trump would have produced similar or better economic results?

5 comments on “Joe Biden’s Economy

  1. Bob Brennan January 23, 2022 5:55 pm

    Good points Ron! The other side quickly noted that the stock market was down last week, conveniently forgetting it is still up by 12% since Biden took office!

  2. Ronald January 24, 2022 5:58 am

    Sadly, polarization continues, as the midterm elections lurk! 🙁

  3. Pragmatic Progressive January 24, 2022 12:23 pm

    Kornacki was just on talking about the polling. Republicans are more enthusiastic about the upcoming midterm election than the Democrats are.

  4. Rustbelt Democrat January 24, 2022 4:49 pm

    If Democrats stay home in the midterms, that’s not going to be good.

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