Biden-era economic growth leaves Republicans literally speechless

[LetMyPeopleVote]

8. Last year every economist was predicting a recession and instead we appear headed to a soft landing

President Biden inherited a horrible economy from TFG. The COVID pandemic was still going and TFG had made no effective plans to distribute the needed vaccines. There was inflation due to disruptions of the supply chain and shortages of chips and key materials. Unemployment was high in part due to the pandemic and supply side issues.

President Biden is on track to pull off a miracle of bringing inflation under control without a recession (i.e., a "soft landing&quot . Remember, until even six months back, most economists were of the view that a "soft landing" seemed unlikely.

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President Biden has pulled off a miracle of a true "soft landing."

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https://www.axios.com/2023/12/15/us-economy-avoid-recession-inflation-cbo-projections

The U.S. economy is on track to avoid a recession next year as inflation returns to normal, according to new economic projections released by the Congressional Budget Office.

Why it matters: The nonpartisan agency expects more moderate economic conditions in 2024 — including slower growth and higher jobless rates — than previously anticipated. But its projections suggest America will skirt an all-out contraction in growth.

Joe Biden nailed the soft landing, bringing down the pandemic-caused inflation without causing a recession- something economists said would be impossible.

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I have seen some speculation that the Fed may be able to cut interest rates next year which will help the economy and the Democrats' chances in the 2024 election. If President Biden pulls this off, it will indeed be an economic miracle.