Subject: Re: Biden Economy Adds 353,000 Jobs
The Bipartisan Infrastructure Law was signed into law by Biden on November 15, 2021.
The U.S. economy has recovered all of what was lost during the pandemic, with real GDP close to what was expected in 2012 (about $28.0 T in 2023 dollars). Real GDP growth is above expectations. The economy is booming.
'Booming' Biden economy forces GOP to shift focus to new 'shiny object'
"the U.S. is literally the best economy in the world... Unemployment under 4% for over 2 years, we haven't had that in 50 years... The level of US real GDP in 2023 even exceeded some pre-pandemic forecasts, including that of the CBO and IMF."
https://www.msnbc.com/all-in/w...
Real GDP 2012 CBO projection:
year 2012CBOproj actual 2012CBOproj ProjectionError
2012 15,471 17,490 17,490
2013 15,736 18,016 17,790 -1%
2014 16,158 18,500 18,267 -1%
2015 16,698 18,892 18,878 0%
2016 17,268 19,304 19,522 1%
2017 17,780 19,882 20,101 1%
2018 18,209 20,305 20,586 1%
2019 18,626 20,951 21,057 1%
2020 19,037 20,724 21,522 4%
2021 19,447 21,848 21,985 1%
2022 19,862 21,990 22,454 2%
2023 20,280 22,673 22,927 1%
2024 20,694 23,395
2009 dollars 2017 dollars 2017 dollars