Amazing progress in a short time
Joe Biden and Democrats in Congress have done a phenomenal job in bringing the U.S. economy back from the dark days of the pandemic. This is largely due to President Biden's key initiatives, including:
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The American Rescue Plan
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The Infrastructure Investment and Jobs Act
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The Inflation Reduction Act
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The Chips and Science Act.
For example, as of July 2023:
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Inflation has been cut to 3%, down from a high of over 9% a year ago
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The U.S. currently has the lowest inflation rate of any industrialized nation
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Unemployment is at a 50-year low, 3.7%, partly because of:
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$435 billion in manufacturing and clean energy investment in the U.S.
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$400 billion for renewable energy projects
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Efforts to make the U.S a leader in the new international hydrogen economy
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Investment in renewable energy projects that create jobs AND help fight climate change
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Gross domestic product (GDP) is at a higher-than-expected 2%
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Economic confidence is at its highest level since January 2022
In other areas, under President Biden:
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Veterans exposed to toxins have improved benefits
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The First Meaningful Gun Violence Reduction Legislation in 30 Years passed
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Marriage for LGBTQI+ and Interracial Couples is now protected
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Supreme Court Justice Ketanji Brown Jackson and over 100 Federal Judges of Diverse Backgrounds were appointed
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Some student debt relief has been managed despite a SCOTUS decision to block it
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The U.S. has led an international effort to help Ukraine fight back against Putin's naked aggression
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U.S. positions on the world stage are substantially improved
Taken all together, this record makes President Biden the most impactful president since FDR. And all of this has been accomplished despite unprecedented crises and fierce opposition from Congressional Republicans.
Franklin County Democrats are proud to do our part in support of the Democratic party. Join us! Get Involved and help us continue to make a difference for our families, our communities, and our nation!