The economic landscape in the United States has shifted dramatically since the onset of the pandemic, with many pointing to the contrasting policies of the Trump and Biden administrations. Before the pandemic, the economy under Trump was thriving, characterized by low unemployment, steady GDP growth, and a rising stock market. However, as the Biden administration took over, families began to feel the squeeze of rising prices and diminishing purchasing power.
In the long run, some experts argue that a conservative administration should prioritize what they call a "natalist revolution." This means fostering a culture that encourages families to have more children. They believe that a growing population is essential for sustaining the economy, especially as the baby boomer generation retires and puts a strain on social services. With fewer working-age people available, the concern is that the economy may struggle without a robust workforce.
To address this, the article suggests that initiatives supporting family life and motherhood are crucial. It emphasizes the need for economic incentives and a cultural shift that values family. The current media landscape, which often promotes anti-family narratives, is seen as a barrier to reversing declining birth rates.
The article also highlights the importance of legal immigration as a way to bolster the workforce. It argues that the U.S. has historically managed immigration well, but illegal immigration needs to be addressed to make legal pathways more effective.
During Trump’s presidency, the unemployment rate fell from 4.7% to 3.5%. In contrast, Biden’s claims of success came after a significant spike in unemployment due to pandemic-related shutdowns. Critics argue that the real challenge lies in the long-term recovery and the direction of U.S. industries, with a need to reduce reliance on foreign manufacturing.
A key point made is the importance of reducing national debt and controlling government spending. This, along with tax cuts and deregulation, is seen as vital for long-term economic health. The article concludes by stating that educating the public about these long-term goals could help foster support for policies aimed at creating a stronger economy for future generations.