American Economy Envy of the World
Powerhouse economy: The US leads the world
Economically speaking, America’s Joe Biden is a good president. The Wall Street Journal recently published a list of his economic accomplishments with this headline in April: “The American Economy is the Envy of the World.” Despite consumer pain at grocery stores, the gas pump, and especially the housing and rental markets, it is undeniable that as a world economy we are number one. America holds the position of the world’s top economy under Biden.
“The U.S. economy has far outperformed expectations over the past year and a half. Instead of stumbling under the weight of the Federal Reserve’s most aggressive interest-rate-raising campaign in four decades, it has continued expanding at a robust clip.” –Wall Street Journal, April 2024
One of President Biden’s greatest economic accomplishments came in the form of one crucial thing Americans didn’t see coming out of the pandemic or during this presidency — a recession. For those who remember the economic crash of 2008/9, above all, Americans don’t want to live through another recession.
The Recession That Never Happened
In April of 2020, toward the end of Trump’s administration, with the worldwide Covid pandemic severely disrupting the global supply chain; shutdowns…
