The Biden Economy

[Rajoo]

Originally Posted by finnbow

For a guy who has been all gloom and doom about the Biden economy, this is a decidedly upbeat forecast. To be sure, COVID had a huge impact on the world economy, but the US recovery is better than anyone else's.

Here is proof.

The millions of people who took to the skies ahead of the July Fourth holiday enjoyed relatively smooth travel over the weekend as the Transportation Security Administration set a record for the number of people screened at airports Friday.

The agency said nearly 2.9 million people moved through checkpoints nationwide, topping the previous record set during the Sunday after Thanksgiving in 2019. The record came despite airlines operating almost 2,000 fewer flights than on the day of that previous record.

Also,

The consumer price inflation in the United States declined to 4.0 percent in May 2023, the lowest since March 2021 and slightly below market expectations of 4.1 percent, driven by a decline in energy prices.

from June 2022 inflation rate has decreased from a high of 9.1% to 4% in May 2023. Not bad in just one year.

Thanks Uncle Joe.

https://tradingeconomics.com/united-.../inflation-cpi