Inflation continues to be painful for all of us. But let's get the matter straight. The inflation rate has fallen to 3.1% from 6.4% last year and is expected to fall further as wages rise. We now have the lowest inflation rate of any major advanced economy and the highest wage growth, with both trends expected to continue in 2024.
The US has had the most successful recovery from COVID. This is not an accident. The main reasons are strong growth in the US workforce (unemployment is at its lowest level in 50 years at 3.5%) and productivity, the latter driven by large investments in infrastructure and manufacturing, particularly by the Biden administration .
Many Republican members of Congress are currently touting the benefits of federal investments in their communities, which they voted against about a year ago! Let's stay on track. Joe Biden's firm hand at the helm and his democratic vision benefit all Americans. We cannot afford to entrust the economy back to someone who is known to keep the books and only care about themselves and the 1%.
John Guarnaccia
Waldoboro
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