Checks and Balance: Growth states
Checks and Balance from The Economist
Resilient American Economy and Biden's Stance
The chapter explores the strong and sustained performance of the American economy under Joe Biden's administration, with higher growth rates, low unemployment, and job additions. It discusses the unexpected decrease in inflation, factors contributing to the unique economic conditions, and contrasting views between official data and public sentiment. The analysis also touches on the impact of tight labor markets on income inequality and Republicans' shifting views on deficits.
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