The U.S. Economy should remind all who remember the old Timex commercial, it just keeps on ticking. In fact it has been ticking since President Biden took office 3 years ago. Those who follow the official numbers know that, those who do not, just don't care. And those who do not care and instead follow the negative voices will never admit being wrong.
The U.S. Commerce department reported that in December retail sales increased 0.6% from November and were up 5.6% from December 2022. The WSJ as usual predicted a smaller increase would take place. Online shopping for December reported sales for December were $222 billion, up 5.6% from December 2022 and that online prices were down 5.3% from 2022. Inflation continues to go down and is just 1.5% off from the Feds. target of 2%. 216,000 jobs were created in December and the unemployment rate was 3.7% and was in the 3% range the whole year. Over 2.9 million jobs were created in 2023. The good numbers have been ongoing despite the negative voices of doom and gloom who try to manipulate the voters with mis-information and outright lies.
The media in general and the conservative media in particular continue to enable the negative voices and at the same time project the negative voices as spokesmen for the negative voices. The new year 2024 is also an election year so the President and his party will start campaigning and inform the people what has taken place the last 3 years and what will take place in the next democratic administration. The race to the White House is just beginning and the true story will be told.
PolitiDose commentary in December 2020 and January 2021 told the story that would unfold in the past three years. The consumers who are spending their money know the score and the democratic party will once again prevail in the 2024 elections.
This commentary written by Joe Lorio
