I have to get something off my chest: Presidents have very little control over the economy. Period. Yet TV, radio and social media continually play along with the charade that how the economy has performed should be a key factor in presidential voting decisions.
Sure, prices are high, but that resulted from the COVID pandemic. It was caused by very high demand for a scarce supply of products, because most businesses were shut down. After an inflationary period, prices rarely fall back much — otherwise we would still pay 50 cents for a gallon of milk and 60 cents for a dozen eggs.
We eventually recover, as salaries rise, which they now are doing, but certainly there is pain felt until our pay catches up.
The U.S. economy is currently the envy of the world. Our inflation rate is down to 2.4%, our GDP is 3%, the unemployment rate is 4.1% and the stock market S&P Index set a recent record.
Voting for president based on the economy is a misplaced vote, but to those still unconvinced, the current economy under President Joe Biden and Vice President Kamala Harris is as good as it was under President Donald J. Trump.
Gary T. Seng,
Olmsted Township
