this post was submitted on 12 Jan 2025
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politics

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Summary

President Joe Biden highlighted his administration's economic record, citing consistent job growth and a 2.7% inflation rate drop from its 2022 peak.

December's jobs report showed 256,000 new jobs and declining unemployment, signaling steady economic growth.

However, inflation remains above the Federal Reserve's 2% target, and interest rates remain high, impacting homebuyers and businesses.

Public pessimism lingers on affordability as Biden passes a largely strong economy to his successor, Donald Trump.

(page 2) 50 comments
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[–] [email protected] 59 points 2 days ago (1 children)

That'll surely cancel out the impending fascism.

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[–] FuglyDuck 31 points 2 days ago* (last edited 2 days ago) (14 children)

'Than Ever'

dude was a senator starting at 1972.

he's been an active participant in this

Sure, a massive disaster caused by trump et all fucking things up was recovered from. But that's not really Biden's doing, except in the most ephemeral of senses

[–] [email protected] 45 points 2 days ago (43 children)

yeah biden's really asking for a lot of credit right now for just being an ordinary republican president. we needed to hold the insurrectionists accountable, first and foremost, and he didn't

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[–] [email protected] 12 points 2 days ago (3 children)

stronger than it was post obama but not strongest ever. heck that is just going to be harder and harder to do as time goes by.

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[–] themaninblack 5 points 2 days ago (1 children)

Any steady hand would have accomplished this.

The gloating, however, reminds me of my labor union’s incessant self-promotion of how their contract negotiating skills got us a 1.5% increase in a year where the prime rate stood at about 8%.

[–] [email protected] 0 points 1 day ago

He isn't gloating. He's highlighting this issue to undermine common right-wing talking points. He's trying to get this fact into Americans head so Trump can't use it as an excuse to win another election(if he even holds another one)

[–] [email protected] 10 points 2 days ago (14 children)

Fucking asshole.

Your climate policy is why LA is burning and will continue to burn. Nice carbon extraction economy you've kept there, Joe.

Also your military industrial economy is supporting a genocide. Great economy, Joe.

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