For those who are dissatisfied with economic performance under Biden, remember that it was Trump’s whose failures to address the pandemic early and aggressively (the way Obama crushed the 2009 return of H1N1 flu, known as the Spanish flu when it struck in 1918, so that in the U.S. it barely caused the ripple) crashed the stock market, drove unemployment to almost 20%, gave us refrigerated trucks acting as temporary morgues outside of hospitals, and collapsed the supply chain which would eventually drive inflation rates (a lagging economic indicator that would hit under Biden) to almost 10%.
Biden is the one the cleaned up the pandemic, has doubled the stock markets over what they were when he took office, brought unemployment down to under 4% for the longest sustained period in more than sixty years, reopened the economy, passed an infrastructure bill that Trump promised but failed to deliver, fixed the supply chain and brought inflation back down to almost 3% while avoiding the recession that most economists predicted — and all with the narrowest level of congressional support.
Yes, prices are still too high. Corporations are gouging consumers, raking in record profits that exceed inflation rates by orders of magnitude, and using their monopolistic market leverage to engage in profiteering that needs to be addressed by aggressive antitrust actions.
FROM ANOTHER GC POSTER
For those who are dissatisfied with economic performance under Biden, remember that it was Trump’s whose failures to address the pandemic early and aggressively (the way Obama crushed the 2009 return of H1N1 flu, known as the Spanish flu when it struck in 1918, so that in the U.S. it barely caused the ripple) crashed the stock market, drove unemployment to almost 20%, gave us refrigerated trucks acting as temporary morgues outside of hospitals, and collapsed the supply chain which would eventually drive inflation rates (a lagging economic indicator that would hit under Biden) to almost 10%.
Biden is the one the cleaned up the pandemic, has doubled the stock markets over what they were when he took office, brought unemployment down to under 4% for the longest sustained period in more than sixty years, reopened the economy, passed an infrastructure bill that Trump promised but failed to deliver, fixed the supply chain and brought inflation back down to almost 3% while avoiding the recession that most economists predicted — and all with the narrowest level of congressional support.
Yes, prices are still too high. Corporations are gouging consumers, raking in record profits that exceed inflation rates by orders of magnitude, and using their monopolistic market leverage to engage in profiteering that needs to be addressed by aggressive antitrust actions.