peel back effect
OPINION

Sperry: Economy is better today under Biden

Posted

Contrary to Donald Trump’s “Make America Great Again” push about the extreme disarray of our country and his opinion that we are a Third World country on the verge of collapse, here are the facts:

  • The stock market is at an all-time high, and inflation is down.
  • Wages are up.
  • Fewer are unemployed.
  • Consumer spending is strong.
  • Most Americans are positive about their personal financial situation and about their individual state’s economy.
  • Oil production and renewables are at an all-time high.
  • The price of gas at the pump is down.
  • Fewer migrants are attempting to cross the border.

Meantime, the infrastructure plan has given us repaired roads and bridges, chip plants and more industry at home. Also, the cost of insulin for seniors is capped at $35, and more people have health care insurance than ever. This is hardly the “Mad Max” country Trump describes.

In summation, we are doing better than any other country in climbing out of COVID-19, and that is reality, thanks to Joe Biden’s leadership. (See Paul Krugman, “The Matrix of Consumer Discontent,” The New York Times, July 9, and Simon Rosenberg, “Hopium Chronicles,” July 10.)

Julia Sperry

Hockessin

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