E.J. Antoni
๐ค SpeakerAppearances Over Time
Podcast Appearances
And here's what they are.
Number one, we have course corrected.
Under Biden, you were heading in the wrong direction.
Now we're heading in the right direction.
In other words, things are getting better.
But on the other hand,
I think it's worthwhile acknowledging the fact that we're not, quote unquote, there yet.
In other words, we still have not yet undone all of the damage from the Biden years.
A couple of stats, I think, make that very clear.
First is that if you look at what the average American can actually buy with his or her weekly paycheck, that shrunk about 4% under Biden over four years.
Now under Trump in just one year, it's grown about 2%.
Quick math tells you you've only regained half of the lost ground.
Now, it's great that you've made so much progress in just a year, but again, it's also, I think, worth acknowledging the fact that people are still hurting, people are still suffering, even though you have course corrected.
You were getting worse, now you're getting better.
Very, very good.
And again, this is where it's such a stark contrast, Vince, from Biden.
You know, job growth coming out of the pandemic in the private sector peaks
in the summer of 2021 and then begins trending down if you look at the monthly change from one month to the next on a seasonally adjusted basis.
And by the time you get to January 2025, that kind of handoff month between the Biden and the Trump administrations, private sector job growth on a monthly basis, the trend had actually gone below zero.
In other words, you were losing jobs from month to month within the private sector.