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.
Any steady hand would have accomplished this.
The gloating, however, reminds me of my labor union’s incessant self-promotion of how their contract negotiating skills got us a 1.5% increase in a year where the prime rate stood at about 8%.
He isn’t gloating. He’s highlighting this issue to undermine common right-wing talking points. He’s trying to get this fact into Americans head so Trump can’t use it as an excuse to win another election(if he even holds another one)