Summary
President Joe Biden highlighted his administration’s economic record, citing consistent job growth and a 2.7% inflation rate drop from its 2022 peak.
December’s jobs report showed 256,000 new jobs and declining unemployment, signaling steady economic growth.
However, inflation remains above the Federal Reserve’s 2% target, and interest rates remain high, impacting homebuyers and businesses.
Public pessimism lingers on affordability as Biden passes a largely strong economy to his successor, Donald Trump.
Oh I’m sorry, the financial elite. Happy?
And yeah there are a lot of factors. But one pretty universal one is a functioning economy.
Financial elite? They aren’t the “financial elite” they are a bunch of economists that get paid shitty level government wages. The highest ranked person in the BOJ makes 220k USD a year.
If you think 220k is some small thing then you’re entirely disconnected from reality.
If you think the top person in a central bank of a country of 150million people making 220k is them being part of the financial elite is insane.