WHEN PEOPLE ASK ABOUT THE ECONOMY... "Since President Biden took office, the nation has added 10 million jobs and has seen unemployment drop to 3.5%, a 50-year low. In 11 states, unemployment is at all-time lows, and 17 states have unemployment rates under 3%. "He also highlighted that the country has added almost 700,000 manufacturing jobs and that companies are continuing to invest in new industries, at the same time that we are rebuilding our roads, airports, bridges, and ports. ".... today the administration announced that the deficit this year fell by $1.4 trillion. This was the largest-ever decline in the federal deficit. Last year’s drop was $350 billion.
"According to Politifact, Republican presidents since Ronald Reagan have exploded deficits, while Democrats have brought deficits down." -- Heather Cox Richardson, historian, Letters from an American, October 21, 2022 |