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Economy is gone, look at the cumulated inflation over the last few years. And depleting Treasury.
The economy is great, if you’re a rich billionaire, according to Bloomberg - https://www.bloomberg.com/opinion/articles/2023-08-07/us-economy-is-strong-so-americans-should-stop-worrying-about-it
But the everyday person is struggling and Republicans aren’t going to do anything about that.