Please explain to me how well our economy is doing Mr. Biden.
Denny's Restaurants just announced this week that they're closing 150 locations. CVS is closing 300 stores by the end of the year. Walgreens is closing 1200 stores! In 2024, California is the 5th largest economy in the entire world. And we have the most billionaires living here. But grocery and gas prices are still on the rise. PG$E bills have doubled in just the past few years. Home and car insurance have both raised their prices significantly! Home insurance companies are dropping policies, because they're losing money. Highway 1 is closed off in Big Sur. There are roads that I used to use in my local area that are closed and have not been repaired for YEARS, because California doesn't have enough money to fix them? Bridge tolls are going up AGAIN, claiming that they're still in a deficit from the Pandemic. BART is raising their prices again. Both Oakland and San Francisco are MILLIONS over budget (SF $800M and Oakland $80M) and can't close the gap. Where are all my California taxes going???? I am paying over $14K in property taxes alone this year!! These are ALL reasons why I am planning my move out of California, a once glorious state- the state where I was born.
These are all signs of a good healthy economy? Don't drink the Kool-Aid.
Yes, the stock market is at its all-time high, but the stock market IS NOT an indicator of the economy.
