America’s economy has bounced back. Economic news is good.
In his first year in office, President Biden lowered poverty in the United States. Lower-income Americans gained more wealth than at any time since the “War on Poverty” in the 1960s. Lower-income workers have more job opportunities than they have had for 30 years. Wages are up. They have on average 50% more money in the bank than they did when the pandemic hit in March 2020.
Biden’s plans to invest in Americans meant the U.S. had created 6.6 million jobs last year alone. The strongest record of any president since record keeping began in 1939.
By the beginning of April, the economy had added 7.9 million jobs. Unemployment was at a 50-year low at 3.5%.
Meanwhile, the deficit is still dropping. Biden has a $1.3 trillion surplus.