It is necessary to provide accurate information to offset the GOP lies told by the Trump-Vance team. These are the latest official stats on the US economy: (1) inflation is moving downward and has reached 2.2%–almost exactly the Federal Reserve System’s target rate; (2) unemployment is consistently holding at 4.1%–economists consider this “full employment; (3) wages are growing at a 4% annual rate–meaning that on average workers have more purchasing power because their wage growth exceeds inflation by a healthy 1.9%; (4) the Prime Rate has been reduced to its lowest level in 8 years and there is a reasonable expectation that it will be trimmed another quarter to half percent by year’s end; (5) ALL STOCK MARKET INDEXES SHOW IMPRESSIVE GAINS FOR THE YEAR–meaning that the big-smart money anticipates a healthy economic climate to continue into the future; (6) workers savings rate is around 4% of earnings–that’s the highest rate in nearly 10 years; (7) job growth is exceeding everyone’s expectations as it has consistently during the Biden Administration; and, (8) retail sales continue to grow as we head into the holiday season. QUESTION: EVEN IF YOU DISAGREE WITH BIDEN AND SOME OF HIS POLICIES, WHY CONSIDER CHANGING HORSES WHEN YOU ARE WINNING THE RACE? Economic times are good and getting better (check your 401 (k) balance). Why would anyone risk losing a winning team?
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