in addition, it also changes the circumstance for people on medicare by putting a cap of a maximum $2,000 a year no matter how many prescriptions they have. which is especially important for people with cancer and long-term diseases. it s a god send. it will be a god send for many families. second, the bill locks in place lower health care premiums for the next three years for millions of families that get coverage under the affordable care act. they will meet an average savings of $800 a year for 13 million people. third, it invests $369 billion, granted i called for $500 plus, but it invests $369 billion to secure our energy future and address the climate crisis, bringing down family energy bills by hundreds of dollars, but providing working families tax credits. it gives folks rebates to buy new and efficient appliances, to weather rise their homes and tax credits for heat pumps and rooftops solar. it also to buy any electric vehicle or fuel cell vehicle. new or used. it a
as one example in the last three months, our economy has created over 1.1 million jobs. in the three months beginning each modern are recession outside of the pandemic, our economy lost 240,000 jobs on average. spending by businesses and consumers, the core of our economic activity rose by 3% in the first quarter of this year and continued to expand in the second. industrial output, the measure of our manufacturing, mining and utility sectors, has shown strong average growth over the first half of the year compared to sharp average declines during past recessions. in the context of today s report, it s important to look beyond the headline number to understand what s happening. the contraction in gdp was
created over 1.1 million jobs. in the three months beginning each modern recession outside of the pandemic, our economy lost 240,000 jobs on average. spending by businesses and consumers, the core of our economic activity, rose by 3% in the first quarter of this year and continued to expand in the second. industrial output, the measure of our manufacturing, mining and utility sectors, has shown strong average growth over the first half of the year compared to sharp average declines during past recessions. in the context of today s report, it s important to look beyond the headline number to understand what s happening. the contraction in gdp was driven primarily by the change
jobs on average now, it s hard. it is hard, but i do think this is the rationale for the pop populace. they re thinking about things like college eligibility, because even if people have jobs, can they afford things you would have previously associated with the middle class. is that hammer hanging over your head making you sick the next day, holding you back from feeling like the economy is doing really well for you. i think people acknowledge largely these numbers as you see them on paper, but there is some real anxieties in middle and lower class america that some of these democratic candidates are trying to speak to. and the report in the washington post about the trump campaign, trying to come up with some kind of student loan plan also speaks to the fact that they know this is a really transient issue for voters. the voters are employed but can they go to college?
in in february. that s what people care about that s what people will feel and see going into november. yeah, and my good friend chuck s points about the democrat not supporting the tax cuts it s very similar to the republicans not supporting obamacare ordealing with it you re dealing with something that will affect that big part of the economy and 100% partisan and the only thing bipartisan in d.c. is in competence. these guys are absolute idiots. we doubled the deficit under president bush, we doubled it again under president obama. we cannot afford the easiest financial crisis in the history of the world is american debt it s going to take a while for it to manifest itself but we ve got to do something about this exploding debt. dagen: but gary b., is now the time again you can use this as a positive or negative to make this tax cuts permanent because we clearly see an economy that is picking up steam. consumer confidence at a 14-year high and that s even higher among lower income