Corporate-controlled media had been banging the drums of economic doom for months; inflation or stagflation is just around the corner. However, recently the good news cannot be contained.
Unemployment has been under 4% for 24 months. Jobs have been added for 37 months straight (a figure not seen since 1960). Wages are up, the job market is fantastic, economic growth is proceeding at a healthy pace. Household median wealth grew by 37% from 2019-22, the largest three-year increase on record. Even Fox News reported that in the month of January, 367,000 nonfarm jobs were created, and unemployment was at 3.7%. Fox stated the U.S. economy is as good as it gets.
Despite all this good news the American middle class is still struggling. Food and gas prices are too high, and housing costs have become unaffordable for many. As we know, corporate greed is a big contributor to the price hikes. We must elect lawmakers who will work with President Biden rather than obstruct his efforts.
Price gouging must be outlawed, and Wall Street’s regulations need to be reinstated. Give Biden a Congress that will work for the middle class and not just the donor class. This one can barely manage to keep the federal government open, let alone pass bills.
Michael Garing
North Huntingdon