It’s The Economy, Stupid December 11, 2024 Courtesy of the White House: After decades of trickle-down economics that slashed taxes for the wealthy, diminished public investments, offshored jobs and factories, destroyed unions, and ripped at the social safety net, President Biden has written a new playbook that’s growing the economy from the middle out and the bottom up . . . . . . delivering the strongest recovery in the world, and laying a strong foundation for years to come by: Investing in our infrastructure, manufacturing, scientific development, and communities that have been left behind after decades of neglect; Giving working families and the middle class the chance to get ahead by creating good jobs with family-sustaining wages and by supporting unions; Lowering costs and giving smaller businesses a fair chance to compete. Over the last four years, we have made remarkable progress: Over 16 million jobs created—the most in a single presidential term in American history—with jobs created every single month; The lowest average unemployment rate of any administration in 50 years; A record 20 million new business applications; A doubling of union petitions; The smallest racial wealth gap in 20 years; More Americans with health insurance than ever before; The stock market at record highs and 401(k)s up; More than $1 trillion in announced private sector investments in clean energy and advanced manufacturing in America; Lowering inflation while supporting a strong labor market—with inflation down faster and lower than almost any other advanced economy, and incomes up almost $4,000 more than prices. To see all this in pictures — with links to The Wall Street Journal, The Economist, et al — click here. (And share?) BONUS Tales from the Transition. Amazing.