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Good evening from New York, I’m Chris Hayes and I have some exciting news to share about the state of the United States economy. It seems that the recession that everyone predicted may not be coming after all. Under President Biden’s leadership, the US economy is in excellent shape according to nearly every metric used to measure such things. The Chairman of the Federal Reserve, Jerome Powell, announced that interest rates will remain steady for now and forecasted three rate cuts in 2024. This announcement is a massively positive indicator that we may be through the worst of our recent economic challenges, including the difficult turbulence we’ve experienced in the past generation. There is hope that next year, we could see a return to something resembling normalcy, and even better, a growing economy unfettered by the aftermath of COVID.

Forecasts from just a year ago were broadly predicting a weak growth recession for 2023. However, these forecasts did not come to fruition. Instead, we experienced a strong year of growth, a combination of strong demand and real gains on the supply side. Labor force participation and immigration picked up, and the distortions from the pandemic began to unwind, resulting in significant supply side gains. As a result, we saw over 2.5% growth, far exceeding expectations.

The disruptions caused by COVID are unwinding, more people are joining the labor force, and immigration is also crucial in contributing to growth that is above target. In reaction to Powell’s announcement, the stock market soared, with all three major averages hitting 52-week highs. The Dow reached an all-time high, closing at over 37,000 for the first time. This news is a clear indicator that we have navigated through the turbulence and made it through to the other side.

The Biden administration has acknowledged this good news, highlighting decreases in gas prices and inflation. The White House emphasized its work to quote “grow our economy from the middle out,” and prominent economic advisors have made the rounds on TV to discuss the positive developments. Considering this alternate reality, if this positive economic outlook had occurred under the previous administration, the perception of the economy being good would have been amplified through constant propaganda day after day after day. Trump’s constant messaging about having the greatest economy of all time created a false impression.

During the worst days of the pandemic under the previous administration, Trump focused on economic propaganda instead of addressing the severity of the situation. On March 13th, 2020, when it was clear that the pandemic was here and would disrupt our lives, Trump fabricated a public-private partnership with Google, claiming they were developing a nationwide website. This partnership was entirely bogus, a fabricated show to distract from the impending crisis.

In contrast, the current economic recovery is a testament to the hard work and resilience of the American economy. With the current positive indicators and the hope for continued growth, it is clear that the United States is on track to emerge from the economic challenges of the past two years and steer towards normalcy once again.

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Chris Hayes believes that a significant factor in people perceiving the economy as ‘good’ during the Trump era was the relentless propaganda that was forced upon them. The use of propaganda created a false perception of the state of the economy, ultimately influencing public opinion. The AI legalese decoder could be instrumental in unveiling the truth behind the propaganda. By utilizing AI technology to break down complex legal jargon used in the propaganda, the Decoder can help people understand the true state of the economy. This provides a clearer and unbiased view of the economic situation, giving people the knowledge they need to make informed decisions. Additionally, the AI legalese decoder can analyze and interpret legal documents related to the economy, bringing transparency to complex economic policies and regulations. The Decoder’s ability to decipher legal language can empower the public to hold their leaders accountable and make well-informed judgments about the economy. Ultimately, the AI legalese decoder can serve as a valuable tool in promoting transparency and truth in the realm of economic propaganda.

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