Simon Rosenberg Profile picture
Political Strategist, Commentator, Hopium Purveyor | NDN, DNC, DCCC, Clinton War Room, ABC News | Slava Ukraini! | Other places - https://t.co/Fy9PYAL934

Oct 26, 2022, 9 tweets

Going shift gears a little. Tomorrow the quarterly GDP report comes out. Estimates are it will show 2-3% growth.

It will be another sign of @POTUS's successful management of a challenging moment in US, globally.

As we prep for this let's review some other economic data: 1/

5 times as many jobs have been created under Joe Biden @POTUS as were created under last GOP Presidents COMBINED.

Jobs have been created at 50x time the rate under Joe Biden as they were over the last 3 GOP Presidencies.

Of the 44m jobs created since 1989, 42m - 96% have been created under Democratic Presidents.

During the Biden Presidency we've seen the lowest uninsured and poverty rates in US history, and the lowest unemployment rate since WWII outside the Korean and Vietnam Wars.

whitehouse.gov/briefing-room/…

While it has dipped a bit in recent days, wage growth continues to be way above historic norms. Almost everyone is making more money today.

New business formation, a real sign of the health and vitality of the economy, continues to be at very elevated levels.

Joe Biden is the third consecutive Democratic President to have presided over a huge decrease in the annual deficit.

The last 3 GOP Presidents all saw the annual deficit explore on their watch.

abcnews.go.com/Politics/biden…

And on GDP growth, so far the economy has grown at three times the rate under Biden as it did under Trump. 3 times. We will see where it comes in tomorrow.

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