Bidenomics is CRUSHING It

Andy Ostroy
2 min readDec 16, 2023

It’s time for a an honest, factual non-partisan assessment of Bidenomics, because if you listen to Republicans, you’d think America was on the verge of another Great Depression. It’s just the opposite, quite frankly. The American economy is the strongest it’s been in modern history.

We are currently experiencing full employment, explosive growth and skyrocketing financial markets. The economy is currently growing at a 5.7% pace. There’s record job growth…14-million new jobs created under Biden. The unemployment rate, currently 3.7%, has been below 4% for 21 months in a row, the longest stretch in more than 50 years. Inflation has fallen 60% to 3.1%. Wages are outpacing inflation. Mortgage interest rates have fallen below 7%. Gas is under $3/gallon in many parts of the country. Consumer confidence is up over 100. Construction spending and overall manufacturing is booming. The travel/leisure and retail industries are thriving. Housing is strong. And for those invested in stocks, mutual funds, 401K’s etc, the market just reached a new record all-time high…a market, by the way, which was predicted by Donald Trump to crash if Joe Biden became president.

No matter how you slice it, Bidenomics is an unprecedented success…especially if you factor in the leadership from the Fed, and chairman Jay Powell, to bring down inflation amid surging job growth while avoiding a recession…

--

--

Andy Ostroy

Director, producer, podcaster, writer, resistor, non-profit-supporter of women filmmakers