President Joe Biden’s recent statements about the state of the President’s economy have come under scrutiny, as many see them as self-serving lies that ignore the facts. When asked about the growing inflation in the country, President Biden replied, “It was already there when I got here, man. Remember what the economy was like when I got here? Jobs were hemorrhaging. Inflation was rising. We weren’t manufacturing a damn thing here.” However, these claims are far from the truth.
Lie #1: Inflation skyrocketed under President’s Economy
In reality, inflation was only at 1.4% when Biden took office, but after the passage of his $1.9 trillion “American Rescue Plan” package, it skyrocketed to 4.16% by April and 9% by June 2022. This clearly shows that the President’s economy and policies have greatly contributed to the current inflation crisis.
Lie #2: Jobs Forecast Wasn’t Dismal When President’s Economy Began
The President’s statement about “jobs hemorrhaging” is also misleading. While it is true that the country lost close to 22 million jobs due to the COVID-19 lockdowns, the job market had already started to recover by the end of 2020, and the remaining jobs were recovered by June 2022. The credit for this recovery goes to the COVID vaccine and the end of lockdowns, not to President Biden’s policies.
Lie #3: Manufacturing was booming under Donald Trump
Finally, President Biden’s claim that “we weren’t manufacturing a damn thing here” is simply false. The nation still had millions of manufacturing jobs despite the impact of COVID-19, and the sector had actually boomed during the Trump years.
More Lies from Biden is No Suprise
In conclusion, Biden’s misleading statements about the President’s economy and his attempt to take credit for events that were beyond his control are concerning. As a leader, it is important for the President to be transparent and truthful with the American people, especially when it comes to such critical issues.
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