October 17, 2024
Two years ago today, this headline ran: Forecast for US Recession Within Year Hits 100% in Blow to Biden.
Since then:
- More than 5.5 million jobs have been created.
- The economy has grown 6%.
- Inflation has fallen to 2.4%.
- Incomes have risen $3,360, accounting for inflation.
- The stock market is up almost 60%.
And there is no recession in sight.
Joseph R. Biden, Jr., ICYMI: There Was No Recession Online by Gerhard Peters and John T. Woolley, The American Presidency Project https://www.presidency.ucsb.edu/node/374709