If one one were to examine what’s actually is going on, one can say that, it’s the Trump economy that’s having some success, while Bidenomics is making people’s lives a disaster.
Essentially, the Trump tax cuts, which picked up the economy staring in 2017-2020, are still in effect. Thus, those tax cuts are still generally keeping the economy from tanking. Meanwhile, closing the oil pipelines and not allowing drilling or exploration for more of it, started the huge inflation which is still being felt as disastrous for most people. Inflation cannot be overcome and prices that went up will stay up and go higher. There’s no recovery for the little guy.
The economy going up recently is a reflection of higher prices for everything. Thus, prices of goods and services going up, means that the GDP will also go higher accordingly. GDP reflects the higher cost of living and higher cost of doing business.
The Truth…
“while Q4 GDP rose by $329 billion to $27.939 trillion, a respectable if made up number, what is much more disturbing is that over the same time period, the US budget deficit rose by more than 50%, or $510 billion. And the cherry on top: the increase in public US debt in the same three month period was a stunning $834 billion, or 154% more than the increase in GDP. In other words, it now takes $1.55 in budget deficit to generate $1 of growth... and it takes over $2.50 in new debt to generate $1 of GDP growth!”
Yes. But he put a sunset provision on them. Get ready for the biggest tax increase in history thanks to president trump. It will be ugly and yes he will be rightfully blamed. He didn’t see the long game.