Tuesday, February 28, 2023

Biden or no

President Biden and other members of his administration maintain that the country is much better off than two years ago. Their major achievement was the $1.2 trillion dollar infrastructure bill but very little of that has been implemented. Biden has run into the same problem that Obama had with his shovel ready jobs. The environmentalist got in the way as they are doing that now and not much has been done. Labor participation rate was 63.4% in 2020 and it is 62.4% today. The 22 million who lost their jobs during the pandemic have returned to work and the unemployment rate is 3.5% where it was before the Covid. Inflation was 1.5% and now it is 6.5%. Real wages were going up by 4% and they are now down 2%. Because of these things the voters do not think things are better and that shows in the polls. Only 20% of democrats and democratic leaning independents say Biden's policies have made their lives better. 71% say the country is headed in the wrong direction. Only 37% of democrats want Biden to run again and Biden's approval rating is 41%. Washington insiders do not feel comfortable with Biden and are looking for other options.

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