Recently a poll indicated that 39% of Americans are dissatisfied with “Bidenomics”. They think our president is not doing his economic duties as well as he should. Well, that’s the best example of why we write this blog. Media reports are slanted info to arouse the readers/viewers interest so they continue to buy the newspaper or watch the TV. THERE IS NO QUESTION THAT OUR ECONOMY IS IN GREAT SHAPE CONSIDERING WHERE WE CAME OUT OF COVID OR ON ANY OTHER BENCHMARK PERIOD. Consider; The Federal Reserve Open Market Committee was so concerned that the economy was OVER expanding that it was forced to raise interest rates several times in the past 18 months. Yes, that was focused on stopping/slowing down inflation but all that activity shows a robust economy. Also, the net worth of US families surged 37% from 2019 to 2022–the largest surge ever!! Home ownership grew during the period. The so-called “wealth gap” gains substantially with families without a high school graduate gaining 60% in their net worth. Black family net worth also gained 60%. Huge numbers of job creation have occurred every month of the Biden era. The number of new jobless claims is and has been at its lowest level EVER. The point is: Not only is the Biden Administration producing a healthy and growing economy it is spreading the wealth among ALL AMERICANS – not just the super rich. So the next time you hear a slam on our economy STOP AND CONSIDER THE SOURCE AND MOTIVES OF THAT REPORT. You’ll be the wiser for that. (FYI, during the 6% to 7% inflation period last year, a TV reporter interviewed a woman who said “last month I spent $50 on gas, this month that same gas costs me $200”. Can you do the math? Obviously she couldn’t. This was a case of a stupid individual giving a hyped interview to a willing reporter….CONSIDER THE SOURCE!!!!!!)
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