Well hot off the press, December added over 800,000 jobs blowing past estimates of a measely 500,000 jobs. While there have been some disappointments, nobody can deny that President Biden is keeping the economic recovery going and hiring of people looking for jobs at historically high wage rates. This is the best economic growth and recovery of any 1st of a presidency in history. And this is not just dumb luck. President Biden has been both legislatively and executively engaged and helping the economy grow and fixing issues as they come up. To re-cap some of the highlights:
1. Passed recovery act that extended benefits and infused a lot of cash into the economy. This allowed people to save and invest in themselves as well as start a boom in new small businesses. It also helped raise wage rates at the lower paying jobs. The lesser known part of the bill made it a lot easier for businesses to get their PPP loans forgiven and quadroupled the limits on the SBA EIDL COVID loans as well as special loans for the arts and entertainment industry that was shut down.
2. Put together a plan to get schools and businesses back open by actually encouraging vaccinations and following the science. While it did not meet his goals due to RW resistance following the science, President Biden still pushed for more vaccinations through EOs that pushed vaccination rates up to close to 70%
3. When there were supply chain shocks due to high demand for goods and services, President Biden swung into action again, working to alleviate the supply chain bottlenecks and ease high gas prices through releasing the SPR. This allowed consumers to spend significantly higher amounts in pent up demand and from the savings accumulated during the recovery act.
4. Got the infrastructure bill passed which will create a lot of high paying construction jobs and start investments in charging stations
5. Instilling confidence when there are COVID spikes, President Biden kept a steady hand and dealt with Omicron variant in a science based manner that kept the recovery going both from the consumer spending side and the investor class side.
President Biden as opposed to TFG has been a POTUS for all the people and the world keeping the USA moving forward and I just wanted to say I am very proud of him and Thanks!!!!