Featured News

Biden Crushes GOP Hopes As He Shows The Success Of His Economic Plan

Last updated on July 18th, 2023 at 01:55 pm

Read: Samuel Alito Is The Insurrectionist Threat To Democracy On The Supreme Court

President Biden showed that his economic plan is working as inflation is falling, and Republicans watching their midterm hopes vanish.

Video of President Biden:

President Biden said on Wednesday:

Today, we received news that our economy had zero percent inflation in the month of July.  Zero percent.

Here’s what that means: While the price of some things go up — went up last month, the price of other things went down by the same amount.  The result: zero inflation last month.  But people are hurting.  But zero inflation last month.
 
Economists look at a measure of inflation that ignores food and energy prices, and they call it “core inflation.”  That’s about the lowest amount in several years — several months.
 
When you couple that with last week’s booming jobs report of 528,000 jobs created last month and 3.5 percent unemployment, it underscores the kind of economy we’ve been building.
 
We’re seeing a stronger labor market where jobs are booming and Americans are working.  And we’re seeing some signs that inflation may be beginning to moderate.
 
That’s what happens when you build an economy from the bottom up and the middle out.  The wealthy do very well, and everyone has a chance.  It gives everyone a chance to make progress.
 
Now, I want to be clear: With the global challenges we face from the war in Europe to disruption of supply chains and pandemic shutdowns in Asia, we — we could face additional headwinds in the months ahead.  Our work is far from over. 
 
But two things should be clear.  First, the economic plan is working.  And second, it’s building an economy that will reward work –- wages are up this month — provide opportunity, help the middle class. 
 
And still have work to do, but we’re on track.

Gas prices are coming down, inflation is falling, Congress is sending bills to his desk, and President Biden has been having a couple of very good months.

The inflation news is what could turn the midterm election around for Democrats.  Republicans have already seen their momentum vanish, but if inflation continues to decline, the voter anger that Republicans were counting on in November will also decline.

Biden and the Democrats can take a good message to the voters. Democrats have gotten the nation through the pandemic. The country is starting to come out the other side. The economic shocks associated with COVID look to be dissipating, and America might be ready for the sort of economic growth that hasn’t been seen since the 1990s.

Each bit of positive economic news is a crushing blow to the Republican Party, as President Biden can deliver the message that things are getting better.

Recent Posts

Trump Gets Booed And Bombs At The Libertarian Convention

Trump's speech at the Libertarian Convention featured him getting booed by the audience and was…

5 hours ago

Trump Makes Secret Service Confiscate Rubber Chickens At Libertarian Convention

Trump had the Secret Service confiscate rubber chickens that were handed out by the RFK…

6 hours ago

Jack Smith Moves On Trump’s False FBI Assassination Plot Claims

Special Counsel Jack Smith is requesting that Trump be prohibited from making comments about law…

14 hours ago

Trump Could Get Hammered At Sentencing For Gag Order Violations

Legal experts are suggesting that Trump could face a harsher sentence if he is convicted…

15 hours ago

Hakeem Jeffries Tells The American People To Keep The Heat On Alito And Thomas

House Democratic Leader Hakeem Jeffries (D-NY) said it is up to the American people and…

1 day ago

Trump’s Economic Plan Would Raise Taxes On The Poor And Middle Class

A new study found that Donald Trump's economic plan would raise taxes on poor and…

1 day ago