Blue Mass Group

Reality-based commentary on politics.

The Biden jobs boom is even bigger than we thought

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“The economic success of the Biden presidency was even better, stunning government forecasters.  In February 2021, the Congressional Budget Office forecast a 5.3% unemployment rate at the end of 2021.  Thanks to the Biden administration’s $1.9T American Rescue Plan, passed the following month, the jobless rate fell to 3.9% by November, for an additional decline of 39% in 11 months.”  Washington Monthly

But you’d never know it cause the “Lame Stream Media” doesn’t report it!

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Comments

  1. We need to keep pushing this out there. I just read about a poll in which a majority of respondents said we are in a bad economy. I for one don’t seem to be feeling inflation either. I don’t hang on to my receipts so I can directly compare, but I haven’t been through a grocery checkout lately and felt prices were way up compared to previously.

        • For diabetics, insulin monthly cost averages $650 even though it costs $10 to make. Under Biden’s Build Back Better plan it will cost $35.

            1. When would this take effect?
            2. Is it true that this proposal has already been watered down? That is, that it covers many fewer drugs and goes into effect much later than the original proposal?
            3. Considering that allowing Medicare to negotiate drug prices is hugely popular with the public, why hasn’t this proposal been put in front of Congress?

            • None of this will take effect until and unless Congress passes this relevant provision in Biden’s BBB plan.

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