12/2/24

Better late than never Bidenomics producing results

According to the most recent findings from WalletHub 75% of Americans expect a recession if Donald Trump was elected, 60% thought the economy is improving and 68% are concerned that cutting interest rates will make inflation worse. 

Creighton University's Ernie Goss follows the economies of ten midwestern states including South Dakota's and back in May he acknowledged President Joe Biden's leadership. But until now Republicans weren't anxious to write a new farm bill because the agriculture recession made the Biden/Harris administration look bad. 

Today, Goss' Rural Mainstreet Index is showing improvement.
The region’s overall reading for November climbed to a soft 50.2 from October’s very weak 35.2. It was the highest reading since July of last year. The index ranges between 0 and 100, with a reading of 50.0 representing growth neutral. According to trade data from the International Trade Association, regional exports of agriculture goods and livestock for 2024 year-to-date climbed to $8.73 billion from $8.64 billion from the same period in 2023, for growth of 1.1%. Goss and Bill McQuillan, former Chairman of the Independent Community Banks of America, created the monthly economic survey and launched it in January 2006. [Rural Mainstreet Economy Soars to Highest Level in 15 Months]
A cynical observer might suspect bankers provided gloomy outlooks to the Index for at least five months especially in midwestern swing states to sink Democratic Party prospects just as Republicans in congress stalled immigration reform because it makes sense to Earth haters that after he was elected again the Orange Julius would run America into the dirt so banks can foreclose on the whole dealio to massage auction price points.

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