schmidlap
Platinum Member
- Oct 30, 2020
- 9,997
- 6,565
- 938
- Thread starter
- #61
I am aware that there are some folks who need to badmouth America these days, but pride in how the nation is now doing is justified.The U.S. has surged ahead under President Biden, and continues to do so.
The unemployment rate in the US decreased slightly to 3.5% in July 2023 from 3.6% in June. It had been a whopping 6.3% when he took office in January, 2021.
U.S. inflation has steadily cooled. Meanwhile, China’s Economic—and Social—Contract Is Fraying
Those who are hellbent upon badmouthing the nation ignore the blatant reality:
The U.S. economy is aiming for a threepeat: 2% GDP growth for a third straight quarter
U.S. consumers are feeling a lot more optimistic about the economy.
U.S. added 187,000 jobs to payrolls in July; jobless rate changed little
Biden’s climate law has led to 86,000 new jobs and $132 billion in investment
U.S. economy is on track for stable growth thanks to Inflation Reduction Act boost
View attachment 815114
China wants everyone to stop talking about the terrible economy
China halts youth unemployment data as economy falters
China GDP growth falls short of expectations as sinking property prices hit economy
China Emissions Hit a Record Even With Peak Carbon in Sight
China’s Economy Is Sputtering
7 Reasons the U.S. Economy Is Among the Strongest in the G7
U.S. Solar Industry Adds $100B in Private Investments
Thanks to Inflation Reduction Act
Biden’s CHIPS and Science Act Marks One Year of Progress
in Boosting American Semiconductors and Innovation
We've come a long way:U.S. Solar Industry Adds $100B in Private Investments
Thanks to Inflation Reduction Act
Biden’s CHIPS and Science Act Marks One Year of Progress
in Boosting American Semiconductors and Innovation
- The economy lost 2.9 million jobs under Trump. (Trump was the first president since Herbert Hoover to decrease the number of jobs in the U.S.) The unemployment rate increased by 1.6% to 6.3%.
- The international trade deficit Trump promised to reduce went up. The U.S. trade deficit in goods and services in 2020 was the highest since 2008 and increased 40.5% from 2016.
- The number of people lacking health insurance rose by 3 million.
- The federal debt held by the public went up, from $14.4 trillion to $21.6 trillion during the Trump years.