By Roger Caldwell
Under President Biden and Vice-President Harris nearly 16 million jobs have been created since the start of their term in office. It is extremely easy to criticize the problems and what is going wrong, but the positive things must also be promoted.
In August the US economy added 142,000 jobs, and unemployment rate fell to 4.2% from 4.3%. For 44 months, the job growth rate has continued to improve, and when President Biden took over the economy it was going in the wrong direction. There were millions who had lost their jobs because of Covid, and the world economy had crashed.
For the American economy to have consecutive job growth for 44 months, Biden economy’s has broken all records, and created one of the greatest job growths in history. The Biden-Harris team should be shouting this achievement all over America, but still there are problems with inflation.
Even though the Biden and Harris administration can take a victory lap and acknowledge the economy is strong, prices have risen everywhere. The cost of food and energy has risen, and poor and lower middle class are struggling to pay all of their bills.
Inflation has impacted everyone in the country, and it does not matter if you are rich or poor. Everyone has less purchasing power, and your check does not go as far. Many people have not recovered from the pandemic, and there is a housing shortage. At this point, rent and mortgages has increased or doubled and everyone is affected.
But, Biden in the last year and a half has seen wages outpace inflation, and the national economic conditions are getting better. Some experts believe inflation was a result of greedy corporations, and that is where to start the fight. Greedy corporations are making billions in profits and refuse to pay their fair share of taxes.
Biden and Harris believe their plans of the American Rescue Plan, the Bipartisan Infrastructure Law, and Inflation Reduction Act helped Americans pull out of their economic hole. Many of these plans were bipartisan and the representatives worked together to get the job done.
As Vice-President Harris develops her plans for her administration, there must be bipartisan in both of the houses to win. Recently, Harris laid out her plans to build up the middle class, and boost small businesses.
“The latest proposal includes a tenfold increase in tax deduction for starting a small business, from $5,000 to $50,000. In an effort to reduce taxes, new businesses will be allowed to wait to claim that deduction once they turn a profit,” says Vice-President Harris.
Fox Business host Stuart Varney and RNC Chair Michael Whatley agree that Harris-Walz’s plan to support new small businesses is a good idea. Also, Harris plans to initiate a small business expansions fund to enable community banks to cover interest cost when emerging enterprises are trying to expand. She also is pledging to ensure that one-third of federal contract dollars go to small businesses. By expanding opportunities in rural areas and underserved communities, it reduces barriers for success.
Harris and Walz must get the word out, when the administration is giving more Americans opportunities. New American policies and plans will help the Democrats and Harris win the election.
