When the history of this period is written, many objective historians will probably note that the leaders in the Biden/Harris Administration from the President on down were able stewards of the national economy and global arena.
Two events that have occurred this week may provide additional examples of how well President Biden and his team have presided over national and international affairs.
The first is the latest report that inflation has gone down for the twelfth month in a row with some economic forecasters predicting the slide will continue for the foreseeable future.
In a White House statement, President Biden relayed:
“Good jobs and lower costs: That’s Bidenomics in action. Today’s report brings new and encouraging evidence that inflation is falling while our economy remains strong. Annual inflation has fallen each of the last twelve months and is now down to 3%. We’ve made this progress while unemployment remains near record lows and a higher share of working-age Americans are in jobs now than in 20 years. Real wages for the average American worker are now higher than they were before the pandemic, with lower-wage workers seeing the largest gains. Our progress in creating jobs while lowering costs for families is no accident, and I will continue to fight for lower costs for families every day. I ran for office to grow the economy from the middle out and bottom-up, not the top down: that’s exactly what we’re doing.”
While this fall in the inflation rate (to three percent last month,) like the painful price hikes (especially in food, fuel, and housing costs) following the height of the pandemic, is attributable to other factors other than Administration policy, the leaders in the Biden/Harris Administration can rightfully point to some Bidenomic Policies like the Inflation Reduction Act and other Executive measures as efforts that, along with other events, started to stem the inflationary tide.
Another major event that owes much to Vladimir Putin’s ill-conceived and miscalculated invasion of Ukraine is the efforts of President Biden and his National Security/Foreign Policy teams, along with other European regional leaders to start the process, after addressing some of the concerns of Turkey, of bringing Sweden into The North Atlantic Treaty Organization (N.A.T.O.)
Finland has already joined the Collective Security Alliance following the Russian Invasion of Ukraine.
In an address following the N.A.T.O. summit in Vilnius, Lithuania, the President stated:
“…Today, our Alliance remains a bulwark of global security and stability as it’s been for more than seven decades. NATO is stronger, more energized, and, yes, more united than ever in its history. Indeed, more vital to our shared future…”
“…When Putin, and his craven lust for land and power, unleashed his brutal war on Ukraine, he was betting NATO would break apart. He was betting NATO would break. He thought our unity would shatter at the first testing. He thought democratic leaders would be weak. But he thought wrong.
Faced with a threat — faced with a threat to the peace and stability of the world, to democratic values we hold dear, to freedom itself, we did what we always do: The United States stepped up. NATO stepped up. Our partners in Europe, in the In- — and then the Indo-Pacific stepped up. All across the world they stepped up…”
Already, social media organizations like the Lincoln Project, are releasing ads, saluting the Biden Administration for their work in these areas and the recent June Jobs report.
Jobs Created.
The pandemic tide stemmed.
Prices Falling.
Investments to build a cleaner and modern United States.
An economy focused on expanding the middle class and lifting the poor up.
Standing up to Thugs abroad and at Home.
Defending Democracy and Reproductive Freedom.
Plus there is the added bonus that he, unlike the other front runner, has not been indicted, impeached, or lost the popular vote…twice.
Why would anyone not want to re-elect the leader who presided over that?
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Lower inflation rates gives more purchasing power for your money. For people on a fixed income this is a big deal. Of course, if you’re not living on a fixed income, you may not even care.
Give me a break. Lower inflation gives people less purchasing power, just not as less as higher inflation would. If the dollar goes down 3% in value, how do you have more purchasing power? This spin is just silly.
John Government Checks Kavanagh is in spin mode.
The value of my home going up over time is good, the price of everyday items going up very quickly is bad.
If the price of gasoline and eggs goes up quickly, I have less buying power, because my wages did not go up.
If the cost of gas and eggs goes down, I can afford the good bacon.
That’s what we’re talking about.
This is the problem with your bumper sticker style of attack.
You are also ignoring the main cause for “inflation” right now, which is your pals gouging Americans because politicians like you let them.
They’re literally sucking the wealth out of Americans while you collect government checks.
Hi John. Tell your thinking on lower inflation gives people less purchasing power the next time people spend less at the gas tank. Take care.
Exactly how does the rate of inflation decreasing lower prices. Doesn’t it just slow down the increase in prices? Inquiring minds want to know.
When inflation is lower, your dollar has more purchasing power. For folks on a fixed income, that is a good thing. A Google search points out the various nuances that inflation has on economic factors. One such factor is home mortgage rates. Lower inflation gives a first time home buyer the opportunity to buy a home. Just saying.
JGCK knows that corporate profit margins, not just profits, are way up.
Meaning they’re gouging Americans and using the pandemic supply chain issues as an excuse.
So Americans pay more and get less, while John Government Checks Kavanagh’s handlers are making multi-million dollar bonuses and the stock market flies high.
These are complicated economic issues, but JGCK wants to use his supporters ignorance as an excuse to beat up Dems, knowing his supporter won’t fact check him.
He thinks none of us here know that inflation and gouging started under back in 2020.
When T4ump was in the White House.
And that it’s coming down under Biden.
But good economic news doesn’t get butts into booths to vote against Biden, so John Government Checks is here trying to get a good spin on.
I would like to submit, for the academy’s consideration, this newest comment from John Government Checks Kavanagh, for Dumbest Comment of 2023.
I know the year is still young, but John the Blog Troll seems to be coming out, so to speak, as pro-inflation.
Probably just his desire for the economy to do bad, hurting Americans, so he can use it as campaign meat, because he doesn’t care about Americans, only getting power so he can give away more of our money to his out of state billionaire and multi-national corporate buddies.
Or he really is too dumb to know that inflation and prices coming down are related issues but not the same issue.
Oh well, you know what’s not dumb? Donating in honor of Arizona’s Dumbest Pol John Government Checks Kavanagh, to RaicesTexasDotOrg.
That’s right! RAICES provides free or low cost legal help to immigrants.
Oh well, pro-inflation and anti-American is a bold stand, JGCK, good luck with that!
Now that I think about it, he really should get a lifetime achievement award for all the previous dumb comments.
Reach for the stars, JGCK!
Let’s hope that Ukraine pushes Putin’s army of miscreant war criminals back to the pre-2014 borders and is finally admitted to NATO.