Marco Dems Delighted with Robust Economy, Administration Accomplishments

Speaking to a recent meeting of over 70 Democratic Women’s Club Marco (DWCM) members and guests at Mackle Park Community Center, Linda Cullen and Melodee Hardy reviewed President Biden’s and his Administration’s many impressive accomplishments that contributed to this resilient economy. President Biden proactively re-established U.S. engagement and leadership in NATO, critical to protecting our national security and securing military and humanitarian aid for Ukraine in fighting a war Russia started. And he has begun deepening our relationship with Asian allies and the America’s for economic prosperity.

Policies have had a major impact in creating this resilient economy. The American Rescue Plan passed early in the Administration reduced childhood poverty by nearly 50% while financial support remained in effect. The CHIPS and Science Act is bringing back high-paying manufacturing jobs, strengthening the semiconductor supply chain, and reducing our reliance on China for these critical products. The Infrastructure and Jobs Act focuses on long neglected projects across the US. Combined, these acts have created over 14MM jobs since 2021, with 2.3mm new jobs in 2023 so far. Over 20,000 projects have been funded in all 50 states with over 4600 bridge projects funded and more than 69,000 miles of road repair completed. (Whitehouse.gov, The White House Fact Sheet.)  Importantly $516Billion has been contributed by private investment to the $302Billion in public spending for these projects (The Center for American Progress, 9/26/23). According to Ellen Zentner, Chief US Economist for Morgan Stanley, these Acts are “driving a boom in large scale infrastructure” (CNBC, WSJ.)

The Administration has also impacted Americans in their own pocketbooks. The monthly cost of insulin for senior citizens has been lowered to $35/month, with 10 drug prices to be negotiated in 2023/24 (CMS.gov). More than 40 million Americans who have Obamacare-provided health insurance are now saving on average $800/year (Whitehouse.gov). The Veteran’s PACT Act expanded VA benefits with over 4MM veterans already screened in 2023 (US Dept of Veterans Affairs). In addition, wages are now growing faster than inflation (Bureau of Labor Statistics, US Treasury). And the Biden Administration’s policies have narrowed income inequality (2023 Federal Reserve Survey of Consumer Finance). Inflation is down, real wages are growing, the stock market has reached an all-time high, and expectations for a recession are significantly reduced. Biden and his Administration have made the overall economy stronger, ultimately benefiting all Americans now and into the future.

DWCMarco continues to be actively involved in the Marco Island community. During the last year, attendees at our meetings have donated a variety of foods requested by Our Daily Bread Food Pantry. In October and November our members and guests donated 278 pounds of spaghetti noodles, canned tuna, and crackers.

DWC Marco’s monthly meetings are open to members and guests. Our next meeting is on January 9, 2024, at 5:00 pm at Mackle Park Community Center. The January guest speaker is Kari Learner, who is running against Republican U.S. Representative Byron Donalds in District 19, which includes Marco Island and Naples.

For more information about meetings, membership, or supporting our charitable efforts, go to dwcmarco.org or contact us at info@dwcmarco.org.