The real caveat to apply to this "booming Biden economy" is the Covid era and post Covid spending/borrowing rebound, which has seen another uptick this year, despite Covid essentially being beaten, This is clearly displayed by the money supply chart in the link (below). Select to the 10yr option:
https://tradingeconomics.com/united-states/money-supply-m2
With the resulting high deficits and debt, the US economy can indeed be described as a basket case, from this aspect. Biden is one of the eggs in the basket and Trump is another (smaller) one - but at least Trump has mentioned trying to get debt reduced - we'll just have to see how that works out? When the egg basket becomes so overloaded that it falls of the shelf, then at least some of the eggs are bound to break and nobody will be able to stop that. At that time is will be a case of who is the best damage controller.
US stock market values have falsely been propped up by this free money plus all the previous QE money creation since the GFC. Anyone who likes spending money as much as Biden will, of course, be a temporary hero to the fortunate few who don't have to rely on SS and food banks etc.
Yes, wealth has landed into the hands of the haves. Looks like Walker is only interested in the survival of the strong/fittest and screw the rest. Right?
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