In early January the local Gannett newspaper carried the headline “Economy, job growth likely to slow in 2024”. Again with the BS. As you read this rebuttal keep in mind that Gannett is a media “partner” with Fox News so you expect BS from that barnyard. No matter how incredibly positive ALL aspects of the US economy thrive the GOP propaganda arm will try to diminish its accomplishments. For the record, inflation is down and projected to hit the 2.0% target in mid-2024; the Federal Open Market Committee has announced it will probably be reducing the prime rate with at least 3 cuts this year; full employment–as defined by ALL economists has not only been achieved it has been maintained for over a year: holiday sales set new records–both on-line and in store-purchases; the stock market is hitting new records each month–look at your 401(k) balance; the list goes on–despite GOP efforts to down it. We don’t know how much credit Bidenomics can claim but it seems really stupid to question a system that is humming along on all cylinders. The next time you hear a hint that the economy is anything but spectacular–throw that source away–it’s politically biased.
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