Rise Of Wages

The Reality Of The First Year Of The Biden Presidency: Strongest Year Of Economic Growth Since 1984!

In the second year of the Joe Biden Presidency, America is facing the greatest inflation rate in 41 years, with inflation now at close to 8 percent.

This is a major issue, as the Midterm Congressional and Gubernatorial elections of 2022 are now six and a half months away.

No one wants inflation, and it should not be a political issue, but of course, it is, and Republicans will constantly harp on it.

But it has nothing to do with any President, as inflation is reality worldwide, and the unfortunate Russia-Ukraine War only makes the situation worse.

So Democrats need to emphasize that 2021 was a record breaking year, with unemployment down to 3.6 percent, down from 6.3 percent in 2020, the fastest decline ever.

The Gross Domestic Product was up about 5.7 percent, double the average since 1976!

Nearly 8 million jobs have been created, and wages have risen about 5.6 percent, and the deficit is down about $1.3 trillion, largest drop ever!

So 2021 was the strongest year for economic growth since 1984!

First Year Of Joe Biden Presidency Has Greatest Economic Advancement Since Ronald Reagan In 1984!

The statistics are in: America in 2021 had the greatest economic advancement since Ronald Reagan in 1984!

More jobs created; stock market advanced more; unemployment dropped at record level; and the economy improved 5.7 percent from 2020!

There is still the problem of COVID 19, which has dragged down the economy from what it might have been.

There is still the problem of supply shortage of many products, most notably cream cheese, but also many other products.

There is still the problem of inflation occurring worldwide, not only in America.

There is still the problem of too many jobs being unfilled, and the need to raise wages.

So the work on the economy is not done, but it is proper to salute Joe Biden and his Presidency for a fantastic beginning, with promise of more to come!