In a week we will have confirmation that January 2021 was the best month for American incomes in history, surpassing the old record set in April of 2020 at the epidemiological nadir and economic zenith of the Covid crisis.
This miraculous feat will occur in spite of record trade deficits and weekly jobless claims being 4x what they were in January 2020. Turns out there is such thing as a free lunch, or in this case free shipping containers of goods from Asia!
We have assurance that consumer price increases are under control–the CPI is still under the target rate of 2%!–and an unshakable faith in the imperviousness of the US dollar. Our elites have found the Midas Touch. Remind me why we are so upset with them, again?
It’s shameful Joe Biden is going to miss the opportunity to make the first full calendar month and first Black History Month of his administration to set yet another new record. That’s what his party campaigned on to win the special elections in Georgia, after all. March is hopeful, though. Better late than never!