WATCH: Biden says he's leaving economy 'stronger than ever' for Americans as his term nears end
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President Joe Biden lauded his administration’s record on the economy after the labor department reported Friday a surge in job growth and decline in unemployment last month.

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.

  • agamemnonymous
    7·
    2 days ago

    We had pandemic response teams stationed in high risk areas around the world, including the Wuhan wet markets. Epidemiologists have been saying for decades that it was only a matter of time before we’d get hit by a pandemic, so we opened labs in those high risk areas to detect potential epidemics quickly and quarantine them before they could spread around the world.

    Trump shut a bunch of them down to “save money” (also because it was something Obama did). Lo and behold, COVID swept the world almost immediately after. The pandemic was literally his fault.