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Don’t Fall For Joe Biden’s Economic Fairy Tale
The Federalist ^ | 8 Feb, 2023 | DAVID HARSANYI

Posted on 02/08/2023 6:11:46 AM PST by MtnClimber

The president’s biggest whopper? ‘I’m a capitalist.’

Like Nero bragging about rebuilding Circus Maximus after burning it down, Joe Biden took to the podium tonight to take credit for solving a slew of problems he helped create.

At the top of his State of the Union address, the president boasted that he had “created more jobs in two years than any president created in four years.” No president — not Joe Biden nor Donald Trump — creates jobs. But Biden’s contention was exceptionally misleading, considering he inherited an economy that had been unplugged by an artificial, state-induced shutdown. If the government compels businesses to shutter, it doesn’t “create” jobs when allowing them to open.

On more than one occasion during the night, a mercurial Biden contended that Covid-19 had shut down the economy. No, states did. Politicians did.

Biden was an aggressive proponent of those shutdowns. During the 2020 presidential campaign, the president regularly attacked Republican governors for opening too early and for ignoring federal health officials. Even in August of 2021, after it was clear that shutdowns hadn’t saved any lives, Biden was still criticizing Florida’s Gov. Ron DeSantis for rejecting a new round of Covid authoritarianism, telling him to “get out of the way” of those trying to “do the right thing.”

Three years ago, the unemployment rate was at 3.5 percent. Today, Biden reminded us that it was at a historic low of 3.4 percent. More than 30 million people lost their jobs to Covid lockdowns. Biden claims to have “created” 12 million jobs during the past two years. The one big difference is that the labor participation rate still hasn’t recovered to pre-Covid numbers. It’s great that people are working again. But millions fewer are in the market for jobs.

(Excerpt) Read more at thefederalist.com ...


TOPICS: Business/Economy; Society
KEYWORDS: costoffrisizhnjubs; dacostoffrisizhnjubs; frisizhnjubs; leftism; thejoetatoe

1 posted on 02/08/2023 6:11:46 AM PST by MtnClimber
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To: MtnClimber

The party of chaos and insanity. You go Joe. Finish that job.


2 posted on 02/08/2023 6:12:11 AM PST by MtnClimber (For photos of Colorado scenery and wildlife, click on my screen name for my FR home page.)
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To: MtnClimber
He is on drugs after all, just like gov Polis.
3 posted on 02/08/2023 6:17:09 AM PST by mountainlion (Live well those that did not make it back.)
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To: MtnClimber

According to a BBC article there are 8 million fewer jobs as of early 2022 than pre-COVID. Ohio alone has 122,000 fewer jobs now than pre-COVID and that report was only from September 2022–4 months ago.

yet he was claiming job “creation” the entire time.

So really he is clearly labeling people returning to old jobs as new jobs.


4 posted on 02/08/2023 6:18:44 AM PST by Phoenix8
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To: MtnClimber

Let’s go, Brandon. Forward, march.

Just get the hell out of the Oval Office, and let someone COMPETENT at making genuine word salads, like “Que mala” Harris, become the face of the regime.

Joe no longer even garbles things well. But then, Karine Jean-Pierre can always walk it back, claiming a “misstatement” or “he didn’t mean that”.


5 posted on 02/08/2023 6:20:11 AM PST by alloysteel (People who think they know everything are a great annoyance to those of us who do - Isaac Asimov)
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To: Phoenix8

They also re-defined ‘full employment’...............


6 posted on 02/08/2023 6:22:20 AM PST by Red Badger (Homeless veterans camp in the streets while illegal aliens are put up in hotels.....................)
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To: MtnClimber

But he is a capitalist…worked out how to milk 10% of Hunter”s grift from Ukraine oligarchs and Chinese spies. Biden knows how to chase a buck.

And Hunter…there’s another capitalist. Aside from monetizing the Vice Presidency, and classified information, this dissipated nepo kid has sold millions of dollars in paintings as a side hustle!


7 posted on 02/08/2023 6:26:39 AM PST by silverleaf (“Freedom ultimately means the right of other people to do things that you disagree with”. T. Sowell )
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To: MtnClimber

No problem. All I have to do is look at my grocery bill and utility bill.


8 posted on 02/08/2023 6:49:23 AM PST by Sacajaweau ( )
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To: Phoenix8

This one? https://www.bbc.com/worklife/article/20220908-the-jobs-employers-just-cant-fill


9 posted on 02/08/2023 7:23:44 AM PST by GailA (Constitution vs evil Treasonous political Apparatchiks, Constitutional Conservative.)
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To: Sacajaweau

Ditto, just glad we paid off the house, and car a few years ago. Now if he’d give up cable which is a luxury it would help. GOTTA HAVE IT. I gave up getting my nails done, I’m not giving up getting my LONG hair washed and dried, I have a shoulder tear, and can’t get my arms up well. Hands go numb from the spine damage to boot.

I’ve stocked for a year, gardened, and canned. And that has been painful as I was 73 last year.


10 posted on 02/08/2023 7:34:59 AM PST by GailA (Constitution vs evil Treasonous political Apparatchiks, Constitutional Conservative.)
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To: Sacajaweau

Don’t forget energy bills.


11 posted on 02/08/2023 7:50:58 AM PST by cableguymn
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To: cableguymn
That's my utilities...gas and electric...

Almost forgot auto gas bills...

12 posted on 02/08/2023 7:57:29 AM PST by Sacajaweau ( )
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