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Letter to the editor: Signs of a thriving economy

Tribune-Review
| Wednesday, September 14, 2022 9:00 a.m.

Letter-writer Ray Schratz (”Biden’s uncivilized discourse,” Sept. 13, TribLIVE) states that President Biden has destroyed our economy. Schratz might want to consider a few facts:

We have an unemployment rate of only 3.7%, which is very close to the lowest in 50 years.

Combined U.S. corporate profits reached $2.62 trillion in the second quarter, the highest in history.

Today, we are enjoying the strongest U.S. dollar in a generation.

Our inflation rate is comparable to that of other major nations: i.e., UK — 10.1%, Euro area — 9.1%, Canada — 7.6%, Mexico — 8.7%, Russia — 14.3%. The U.S rate is in the middle at 8.3%.

One should consider these factors as an indication of a thriving economy, not one being destroyed.

Charles Henry

Greensburg


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