The U.S economy is booming. Wages are rising twice as fast as prices in America today. It’s been 26 months since the U.S. economy turned around. In the first six months of 2022, there was an economic slowdown that stopped the inflation rate from rising. Today, after the creation of 16 million jobs, the inflation rate is about what it was on Inauguration Day in 2021. 

The inflation rate had doubled under the Trump administration after Trump’s reckless deficit spending during an existing business expansion, and after tax cuts were given to the rich. 

There is a factory-building boom in the U.S., thanks to legislation proposed and passed by Biden and Harris. Harris cast the decisive tie-breaking votes for these bills. The Democratic policies are bringing back to America jobs that had gone overseas. 

The economic growth rate is a healthy, sustainable 3 percent. The unemployment rate is nearly at the 4 percent figure that economists call “full employment.” The stock market is at record highs, adding to personal financial stability. Mortgage rates are coming down, as are interest rates in general.

The U.S. is producing more oil today than any country in the history of the world, and gasoline prices have come down. Grocery inflation is down—especially for foods that are commodities, such as bacon and eggs and all the items that are displayed on the perimeter walls of grocery stores. 

In a capitalist economy, product prices do not come down. Wages increase instead.

When Americans are asked, they say that they themselves are doing well, but the national economy is poor. In fact, the American economy is booming. Stay the course. 

John A. Adams, farmer
Wawarsing, NY