Article 6J0W1 Fellow Republicans, it’s time to admit that the US economy isn’t bad

Fellow Republicans, it’s time to admit that the US economy isn’t bad

by
Gene Marks
from Economics | The Guardian on (#6J0W1)

Multiple indicators - from GDP growth to the unemployment rate (and even inflation) - point to a robust US economic engine

The Republican primaries are under way and - not surprisingly - the candidates have been ganging up on Bidenomics. Spoiler alert: they don't like it. Fact check: they are wrong.

To a man - and one woman - the Republican candidates all say that the US economy is bad and that Americans are struggling financially. They're warning about sky-high deficits, over-the-top government spending and a potentially catastrophic level of national debt. They point out that interest rates are at a 20-year high and the costs of core things like food, gas and housing are significantly more than they were just a few years ago. They point to a downturn in manufacturing and falling small business confidence.

Continue reading...
External Content
Source RSS or Atom Feed
Feed Location http://feeds.theguardian.com/theguardian/business/economics/rss
Feed Title Economics | The Guardian
Feed Link https://www.theguardian.com/business/economics
Feed Copyright Guardian News & Media Limited or its affiliated companies. All rights reserved. 2024
Reply 0 comments