The Biden Administration’s robust and durable track record on jobs and unemployment is breaking records, putting up some of the best results we’ve seen in half a century.
The Biden Administration’s robust and durable track record on jobs and unemployment is breaking records, putting up some of the best results we’ve seen in half a century.
Agreed, presidents can apply pressure but the Fed is technically independent. That probably wasn’t fair of me to link Biden to the Fed, sorry. Dems are quick to attribute this gain to the Biden administration. I’ve heard broad statements about how Biden is good for the economy, but they don’t really go into specifics. I’m curious what they’re specifically saying he’s done to boost the economy to the point that it invalidates Fed interest/employment/inflation models.
Executive order: anti-trust policies and various pro-consumer market adjustments
A form of stimulus to the renewable industry, by having the gov purchase new zero-carbon equipment
Stimulus during covid
Revoking a bunch of pro-oligarchy Trump orders
Incentivizing greater housing supply
Fixing the supply chain
Similar: Immediately funding cleanup and reconstruction of the Francis Scott Key Bridge after its collapse, using federal funds
Just a quick sampling of stuff that is Biden’s actions alone. The infrastructure spending that he helped negotiate with Senate Democrats was also huge, but I think Congress gets the lion’s share of the credit for that one.