It’s The Economy, Stupid

After decades of trickle-down economics that slashed taxes for the wealthy, diminished public investments, offshored jobs and factories, destroyed unions, and ripped at the social safety net, President Biden has written a new playbook that’s growing the economy from the middle out and the bottom up . . .

. . . delivering the strongest recovery in the world, and laying a strong foundation for years to come by:

• Investing in our infrastructure, manufacturing, scientific development, and communities that have been left behind after decades of neglect;
• Giving working families and the middle class the chance to get ahead by creating good jobs with family-sustaining wages and by supporting unions;
• Lowering costs and giving smaller businesses a fair chance to compete.

Over the last four years, we have made remarkable progress:

• Over 16 million jobs created—the most in a single presidential term in American history—with jobs created every single month;
• The lowest average unemployment rate of any administration in 50 years;
• A record 20 million new business applications;
• A doubling of union petitions;
• The smallest racial wealth gap in 20 years;
• More Americans with health insurance than ever before;
• The stock market at record highs and 401(k)s up;
• More than $1 trillion in announced private sector investments in clean energy and advanced manufacturing in America;
• Lowering inflation while supporting a strong labor market—with inflation down faster and lower than almost any other advanced economy, and incomes up almost $4,000 more than prices.

To see all this in pictures — with links to The Wall Street Journal, The Economist, et al — click here.  (And share?)

Editors Note: This article was originally published on December 12th, 2024 on andrewtobias.com, syndicated with permission.

Andrew Tobias

An American writer and public figure, Andrew Tobias has written extensively about politics, finance and insurance.  Andrew is also a graduate of Harvard University and is the author of numerous books including; The Only Investment Guide You’ll Ever Need, The Best Little Boy In The World, and Invisible Bankers: Everything The Insurance Industry Never Wanted You To Know.