Separating Facts from FAKES
Separating Facts from FAKES
Last month (Oct 2021) the US economy added 531,000 net jobs! And unemployment fell to a new low at 4.6%. That’s a WOW! The stock market went up over 300 points. And there’s some potentially good news about inflation this week. The Fed is starting to tap the brakes on its emergency economic stimulus program. That should slow surging prices. New COVID-19 drugs are on their way. Lighten up!
Gas prices are based on the price of oil — which has gone way up due to cuts in production by Russia and OPEC (they WANTED to increase prices). While the US remains the world’s single largest producer of oil, together these nine countries produce much more oil than we do. It would take us time to drill more wells, and yet they could still control production to keep prices high.
Historically, Republicans have always been the ones that add to the nation’s debt through deficit budgets. Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump’s raised it to $2 trillion. Deficits are caused by overspending or cutting taxes too much. Republicans always give huge tax cuts to the rich.
Historically, Republicans have always been the ones that add to the nation’s debt through deficit budgets. Reagan took the deficit from $70 billion to $175 billion. Bush 41 took it to $300 billion. Clinton got it to zero. Bush 43 took it from zero to $1.2 trillion. Obama halved it to $600 billion. Trump’s raised it to $2 trillion. Deficits are caused by overspending or cutting taxes too much. Republicans always give huge tax cuts to the rich.