Part 4/12:
Critics, including financial commentators, argue that Biden’s economic policies—marked by reckless spending and excessive regulation—have caused tangible damage. The GDP growth in the first quarter of this year was only 1.6%, a sharp decline from previous quarters’ figures of 3.4% and 4.9%. Inflation has surged to levels unseen in over two decades, squeezing household budgets and increasing financial hardship for millions.
Despite the bleak data, some market analysts note that the stock markets reacted positively to the news, driven by hopes of Federal Reserve rate cuts. The overall sentiment suggests a belief that intervention and stabilization measures could still bolster the economy.