BPPLEE
Well-Known Member
- Apr 13, 2022
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The jobs were recovered from the pandemic, not created. Most of the new jobs have gone to foreign born workers and despite rosy economic descriptions from liberals Americans feel the painThen let's examine what he's going to do to fix an economy as described here: https://www.theatlantic.com/ideas/archive/2024/06/us-economy-excellent/678630/
Tell me what policies he's going to bring in to make things even better than they are now.
'Four years ago, the pandemic temporarily brought much of the world economy to a halt. Since then, America’s economic performance has left other countries in the dust and even broken some of its own records. The growth rate is high, the unemployment rate is at historic lows, household wealth is surging, and wages are rising faster than costs, especially for the working class. There are many ways to define a good economy. America is in tremendous shape according to just about any of them.
Right now America’s economic-growth rate is the envy of the world. From the end of 2019 to the end of 2023, U.S. GDP grew by 8.2 percent—nearly twice as fast as Canada’s, three times as fast as the European Union’s, and more than eight times as fast as the United Kingdom’s.
From the beginning of the pandemic through the fall of 2023, the last period for which we have good comparative data, real wages in both Europe and Japan fell. In Germany, workers lost 7 percent of their purchasing power; in Italy, 9 percent. By these metrics, the only workers in the entire developed world who are meaningfully better off than they were four years ago are American ones.'
Americans Hold Grim View of Economy - Suffolk University
First-ever Sawyer Business School/USA TODAY poll shows that despite declining inflation rate, 70% of Americans believe economy is getting worse, not better
A stunning 84 percent of respondents say the cost of living is rising, citing the swelling price of everyday needs. Food prices are rising the most, according to nearly half (49%) of respondents, followed by housing costs (16%), utility bills (11%), and transportation, including gas (11%).
But keep telling us how good things are for us. We’re not buying it.
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