Wednesday, July 10, 2024

Team Biden Spurs Growth in "Forgotten" Counties

The perception that the economy has underperformed under Biden is a stubborn one, even though it has been historically strong --- even in the rural areas where people tend to vote Republican:

The pandemic recession hit those counties harder than the rest of the country, just as the Great Recession did. But their recovery has been much stronger this time. Left-behind counties added jobs five times faster in the first three years of the Biden administration than they did in the first three years of the Trump administration. The flow of residents leaving them for better opportunities slowed.

Perhaps most strikingly, they have shared in a new-business boom that has swept the country since the pandemic. That didn’t happen after the Great Recession. From 2009 to 2016, for example, Bay County, Mich., lost 8 percent of its business establishments. Since 2020, it has gained 12 percent.

Hopefully, folks with think about this before voting in Trump and his economic policies which are almost certain to push the economy into recession.

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