Two are good, and two were needed because of his incompetence. . my comments below:
Biden signed into law the CHIPS and Science Act and the Inflation Reduction Act in 2022.
Asylum-seekers who cross the border illegally to be deported under new Biden administration rule.
This was needed as he placed a huge sign that said "all are welcome" - levels not seen in more than two decades
Biden's proposal to invest in Medicare's trust fund so that the program can remain solvent into the 2050s,
Biden signed the Inflation Reduction Act last year.
Inflation has increased since the day President Biden took office in January 2021, and began its rise to the fastest rate in 40-years
https://www.whitehouse.gov/omb/briefing-room/2023/03/09/fact-sheet-president-bidens-budget-lowers-energy-costs-combats-the-climate-crisis-and-advances-environmental-justice/#:~:text=He%20set%20an%20ambitious%20domestic,make%20their%20own%20bold%20contributions.
Title 42 was implemented by Trump because of the pandemic (you know, the one some say was a hoax). Title 42 expired at 11:59 p.m. on May 11, because the national COVID-19 public health emergency also expired, eliminating one of the legal underpinnings of the policy. Could Biden have extended it? I don't know the answer to this, do you? Maybe Biden did all that he could legally. Since Title 42 was implemented, there have been 2.8 million migrant expulsions. When Title 42 ended, the U.S. government reverted to immigration law as it existed before the world went into lockdown. In response, the Biden administration has added a new limitation on asylum that, with Mexico’s cooperation, promises to continue the pandemic-era practice of sending asylum seekers away from the United States, placing many in danger.
Trump had the good fortune to inherit a growing economy from Obama. For as long as I can remember and probably long before that, the economy has been fluid, sometimes it goes up and sometimes it goes down and so on and so on. Like the old saying, “what goes up, must come down.” Biden inherited an economy that was headed downward because of COVID. That downturn has already begun to level out and even reverse. It will soon be on the upswing, barring another pandemic or similar catastrophe that blows it up.
The current job market is hot because there is a workforce shortage, so positions are going unfilled.
What effect on the economy do you suppose higher interest rates have?
For a decade or more housing prices experienced huge increases which priced many folks out of the market both in sales and rentals. Now high interest rates have cooled the housing market with fewer people moving, selling, or buying properties. For example, let’s suppose I wanted to downside. My current mortgage interest rate is 2.25% APR. Why would I choose to sell just to buy another at the current rate of 7.09 % APR. Even a lesser priced property would likely result in higher mortgage payments.
On the plus side, if you have a CD, it has higher earnings than it did when interest rates were low. More people putting money into savings accounts and low risk investments will help stabilize the economy. It is all a huge balancing act, always has been.
