Republican talking points on economy not based in facts

Dec. 7 − To the Editor:

The Republican playbook orders their minions to knock the economy at every turn, usually intoning things like “At times like these…,” or “With the economy in the ditch…”. The biggest problem with their view is that, start to finish, it’s wrong. Of course, being wrong never bothered Republicans, who remain happy as long as we ask no questions and follow orders. Historically, their path has gone nowhere producing the biggest budget deficits under Republicans regimes.

Today they cite no data because they have none to support their gloomanomics (i.e., politically driven gloom and doom economics without reference to data). Since they have abandoned the real world of facts, we must ask for their actual goal? Distraction! Republicans want to distract us from President Biden’s excellent job.

Republican gloomanomics promoters live under dark rocks where they can’t see things like verifiable data and fact-based information. Leaving the muck behind we see clearly that Joe’s on the job and he has the facts on his side. Let’s set the record straight with data driven information of just a few economic items and remember in the primary to Write in for Biden: Growth: The GDP growth was 5.2 last quarter. Covid Recovery: Of all the G7 nations the US had the BEST Covid recovery.

Inflation: Last month we had Zero inflation. That’s Zero with a capital Z.

Wage Growth: Wage growth (where we feel it most) has been a robust 5%, outpacing inflation for many months.

Wealth for all: Median wealth rose by 37% from 2020-2022; for the same period.

Median wealth for 18-34 year-olds has doubled. Jobs: We have more jobs than at any time since the 1960s.

Insured Population: We have the lowest uninsured rate in history. J. Michael Atherton Dover