Here are some of the highlights: - Costs are down. Inflation has fallen to 3%—the lowest it’s been in over two years. Prices for groceries, clothing, and other everyday goods are down.
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Wages are up. July reports show that wages for the average worker are now higher than they were before the pandemic, accounting for inflation.
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Americans are working. Over 13 million jobs have been created under President Biden, including 800,000 manufacturing jobs. Unemployment has been under 4% for the longest stretch in more than 50 years, and the highest share of working-age Americans have jobs in over 20 years.
More jobs, lower costs: That’s Bidenomics in action. But Republicans are building a massive war chest to bring back their failed MAGAnomics—tax policies that favor the ultra-wealthy and big corporations, skyrocketing deficits, deep cuts to Medicare and Social Security, and shrinking public investments.
We can’t go backwards. Let’s keep growing our economy from the middle-out and the bottom-up, not the top-down. Please give what you can today to support President Biden’s proven economic agenda and the Democrats in Congress working for you! Sincerely, Your CT Dems |
