Thursday, July 6, 2023

Economy

The Dow Jones Industrial Average returned 56% during the Trump presidency, according to LPL. This represents an annualized gain of 11.8%, The Dow Jones Industrial Average has gained 6% since the start of 2021, when Biden took office. People who have stock in their 401K's and IRA's have noticed this. They also notice that the cost of food and gas has increased. These are referred to as kitchen table issues and will impact future elections. The economy remains the most important issue to voters because of inflation and high interest rates. The main issue in the press is preserving democracy which is a nebulous term which kind of means that conservatives are bigots. This also avoids talking about the economic issues but that is changing. President Biden confronted with the fact that 71% of the people think the country is heading in the wrong direction is out touting his economic success but the public is not buying.

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