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NOV '23 ECONOMIC DATA- Smooth Sailing ahead
#17
The economy was in a crisis moment during the pandemic. Wasn't because of the former or current POTUS. The world was in turmoil and the economies took a dive on a global scale. Trump tried to deny the problem. When Biden took office, he worked with Congress to enact policies to plug the holes. The Fed did their thing and worked to slow inflation by raising rates. Surprise surprise, it worked. All of this while Republican lawmakers did their best to stand in the way of efforts to improve the situation and took credit for things they voted against because it turned out to work well for their people. Now our economy is the best among developed nations coming out of the pandemic. We have seen the strongest recovery of any G20 nation and some people would like to tell you that it's a failure of policy. They're wrong at best, brainwashed at worst.

The fact is that Biden and the Democratic lawmakers in Congress, as well as the Fed, helped to ensure a softer landing coming out of the pandemic than would have otherwise happened. It was always going to result in some bumps and bruises, maybe even a broken bone, but the direction we were heading was full on body cast with traction.
"A great democracy has got to be progressive, or it will soon cease to be either great or a democracy..." - TR

"The test of our progress is not whether we add more to the abundance of those who have much; it is whether we provide enough for those who have too little." - FDR
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RE: NOV '23 ECONOMIC DATA- Smooth Sailing ahead - Belsnickel - 12-13-2023, 08:23 AM

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