Robert ReichJun 7, 2024

Unemployment has been at or below (mostly below) 4% since the end of 2021.

4 years ago, Trump called it "joyous" &"stupendous" that unemployment was only 13.3%.

In the "booming" Reagan years, unemployment averaged 7.5%.

Pres. Biden is presiding over historically strong growth.

Show threadMister Moo 🐮
@rbreich Trump rebranded 13.3% unemployment as a positive - and nearly won. He just charged through the controversy, insisted things were great, and it almost worked. What I need to understand is why Joe refuses to discuss an amazing economy in the same kind of glowing terms - ones that are *deserved*. Why do they get to call 13.3% unemployment "stupendous" and we have to call an economy at 4% "very good but with a long way to go"?
Jun 7, 2024 at 5:40pmWeb