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The Biden economy a total failure? Consider this | Letters


Published on 2025-01-07 23:00:49 - MSN
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  • Donald Trump recently described the Biden years as (paraphrasing) a total and utter failure. Consider:
  • The stock market had its best two years in 25 years;
  • The unemployment rate was at near-record lows and currently is at 4.

The article from MSN discusses various criticisms and defenses of the Biden administration's economic policies. Critics argue that under President Biden, the U.S. economy has experienced high inflation, increased gas prices, and a general rise in the cost of living, which they attribute to excessive government spending and poor economic management. They point to the national debt, which has surpassed $34 trillion, as evidence of fiscal irresponsibility. On the other hand, supporters of the administration highlight achievements like the addition of 15 million jobs, a low unemployment rate, and significant investments in infrastructure and green energy through acts like the Inflation Reduction Act. They argue that these measures are steps towards long-term economic stability and growth, despite short-term economic pressures. The article also includes letters from readers expressing a range of views, from those who feel the economic policies have failed to those who believe the administration has navigated through global economic challenges effectively.

Read the Full MSN Article at:
[ https://www.msn.com/en-us/politics/government/the-biden-economy-a-total-failure-consider-this-letters/ar-AA1x66Om ]