Off The Record With Paul Hodes

In the last few months American politics has become a little mysterious, if not downright confounding. By almost every measure, President Joe Biden and the Democratic party have had an extremely successful year. Remember we started this year with an insurrection in the very heart of our government, with armed vigilantes roaming the halls of Congress. We also had a brand new set of vaccines but almost no Americans vaccinated against a deadly pandemic. Unemployment was still six and a half percent.  Economic output was hundreds of billions of dollars lower than the start of the pandemic. Fast forward to the end of October: GDP had fully recovered and grown beyond pre-pandemic levels, employers were adding half a million jobs a month, unemployment was down to 4.6%, and people were leaving their jobs at a record rate because the job market was so good.  Wages were up 5.0% over the year. And Americans had accumulated $2.3 trillion more in savings, with the median household’s checking account balance 50 p