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Storm clouds gathering for the American economy:
1. 43% of small businesses couldn’t pay their rent in full and on time in April.
2. 2600 retail stores closed in 2024
3. Nearly 100 million Americans in “ALICE:” category (Asset limited, income constrained, employed).
4. Another 38 million in poverty.
This isn’t only President Biden’s fault or President Trump’s. It is the result of decades of decline going back to the 1970s. My top priority as President is to turn this around.
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