Tuesday, December 28, 2021

The Biden Boom

A year ago unemployment was 6.7%, the Dow Jones was at 30,000, Black unemployment was 10%, Latino unemployment was 9.3%.  

Today unemployment is 4.2%, Black+Latino unemployment are down nearly 45% and the Dow Jones is breaking records at over 36,000.

The stock market is up more than 40% since Joe Biden was elected president.

Jobless claims are at a 52-year low.

Child poverty has been cut in half.

America is 1st in the world in GDP growth for 2021, outpacing even China for the 1st time since 1990. 

The Fed predicts a 2022 economy with GDP growth of 4%, unemployment at 3.5%, and Personal Consumption Expenditure inflation at 2.6% — a very good economy.

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