Summary
President Joe Biden highlighted his administration’s economic record, citing consistent job growth and a 2.7% inflation rate drop from its 2022 peak.
December’s jobs report showed 256,000 new jobs and declining unemployment, signaling steady economic growth.
However, inflation remains above the Federal Reserve’s 2% target, and interest rates remain high, impacting homebuyers and businesses.
Public pessimism lingers on affordability as Biden passes a largely strong economy to his successor, Donald Trump.
You can’t control all the challenges of your presidency but there were a lot of actions he could have taken to reduce the harm done. Instead he worked to make it worse.
He withheld and stole equipment from blue states and sent it to Russia. He was actively anti-mask and anti-vax. Which both reduce harm to people (and the economy), he postponed stimulus checks so he could put his name on them. He allowed giving away taxpayer money to corporations and people that didn’t need it (PPP loans) and neglected the small businesses that could have actually used it.