Wall Street Journal editor schools Fox about Biden's 'better and better' economy https://www.rawstory.com/biden-economy-better-and-better/ The Wall Street Journal is known for its far-right leanings, but on New Year's Eve associate editor John Bussey revealed to Fox viewers that the top issue in 2024 will likely be the economy, and Joe Biden is winning. He began by citing former President Donald Trump's criminal prosecutions he'll be facing in 2024 after already being found to have sexually abused E. Jean Carroll by a civil court. "This may also weigh on the undecided voters," said Bussey. "But primary — first and foremost issue for voters is going to be the economy. It always is — pocketbook issues. And in that regard, President Biden is going to have a better and better story to tell as the year unfolds. It's a strong economy now. Inflation is coming down. The interest rates are coming down. The job market is strong. They're going to be pounding on that over the next ten months." The host tried to cut him off, asking if the numbers would get better fast enough for everyday Americans to feel them," implying that most families don't detect the positive turn in the economy. "Yeah, that's the critical question, isn't it? I mean, the presumption is that six months before an election, the voter has kind of made up their mind. While we're not quite there at six months. And inflation caused by the pandemic, not by the Trump administration nor the Biden administration, but by the supply-chain shortages from the pandemic — that inflation is still with us. Prices are 19 percent higher than they were before the pandemic hit, caused by those pandemic-related supply chain problems. So that's going to weigh on the voters' minds. But they're also going to see more discounts in stores. Gas prices are way down. Inflation is one-third of what it was at its peak. Interest rates dropping. Mortgage rates dropping. We'll see if four months is going to be fast enough." See his comments at the link here.
Many would say eliminating the income cap limit on earnings for Social Security is long overdue. It immediately would solve the Social Security funding crisis -- but Fox Business has a different perspective. The future of Bidenomics: You pay Social Security tax on all of your income? If President Biden is re-elected, you could see a perpetuity tax on Social Security https://www.foxbusiness.com/economy/future-bidenomics-you-pay-social-security-tax-all-your-income
U.S. employers added 216,000 jobs in December, surpassing the expectations of economists. The unemployment rate remained steady at 3.7 percent. The December data buoyed expectations of what has been called a soft landing for the U.S. economy. Friday, January 5, 2024 8:43 AM ET https://www.nytimes.com/live/2024/01/05/business/jobs-report-december-economy
Thats good considering millions of people need 2 jobs or have to work more hours to maintain the same standard of living they did a few years ago.
Since Biden became President, would you say that you are financially... Better off: 17% Worse off: 53%