Tag: Bidenomics

sefa ozel/iStock/Getty Images Plus In the real world where Americans live, gas, food, and other consumer prices have risen dramatically since President Joe Biden took office.Prices at the grocery store are out of sight. Filling the gas tank practically requires a second mortgage. And forget buying a home at today’s prices and mortgage interest rates. Apartment rents are zooming.But in ...

The American economy seems to be on a tear. In February, it added 275,000 jobs, another unexpectedly high count even as unemployment inched up to 3.9 percent. Fourth-quarter 2023 GDP growth clocked in at 3.2 percent, after a 4.9 percent expansion in the third quarter. Also last month, the Dow Jones Average hit 39,000. The White House touts these developments ...

Commentary Estimates of U.S. growth have improved, but remain massively below the Federal Reserve’s projections. After the largest monetary and fiscal stimulus in recent years, growth remains well below trend and debt is significantly higher. It is interesting to hear Treasury Secretary Janet Yellen say that “trickle-down economics did not work,” when in reality this is the failed trickle down: ...