Joe Biden has set a very big record for economic improvement in his first year in office than has under any president in the last 50 years.
the U.S. economy has improved more in President Joe Biden’s first year in office than it has under any president in the last 50 years.
Bloomberg’s Matthew A. Winkler revealed that President Joe Biden has outperformed any other president in the last 50 years.
“U.S. financial markets are outperforming the world by the biggest margin in the 21st century, and with good reason: America’s economy improved more in Joe Biden’s first 12 months than any president during the past 50 years notwithstanding the contrary media narrative contributing to dour public opinion,” Winkler reported.
Biden is also beating out any other president in the last 50 years on gross domestic product, profit growth, and consumer credit among others.
“GDP growth in every incoming administration during the past four decades never exceeded 2.74% until 2021. Biden is now positioned to surpass Carter (5.01%) as the GDP champion of presidents since 1976,” Winkler found. “Corporate America was never healthier than under Biden in 2021. Efforts to support consumers flowed through to America’s companies, which are enjoying profit margins of around 15%, the widest since 1950, according to the Bureau of Economic Analysis.”