Another win for the Biden Administration

[lees1975]

https://signalpress.blogspot.com/2022/05/another-win-for-biden-administration.html

https://www.bloomberg.com/news/articles/2022-05-20/us-growth-seen-outpacing-china-s-for-first-time-since-1976

There are several posts about this scattered around DU. It's been a pretty good week overall.

In spite of the fact that the Chinese government is subsidizing and attempting to stimulate the economy with various measures, the United States will see greater economic growth this year, for the first time since 1976. Coming during a mid-term election year, and remembering James Carville's election predicting advice, "It's the economy, stupid," this is good news. I know that policy and economic news doesn't always overcome the sensationalism of social issues and the repetitive loop of cable news themes pounded over and over, but there are people who pay attention to this.

Anyone who is paying attention will take note of the fact that this negates all of Trump's bombast about economic progress "never seen before in history." Well, he was a liar and his facts were skewed, but the economy under Biden has passed his benchmarks in both economic growth and job growth, with unemployment also being lower than we've seen it in five decades, including at any time under the failed former President 45.