Posted on 08/05/2023 3:38:23 AM PDT by Phoenix8
President Biden faces low approval ratings on the economy, so the White House has rolled out a new messaging campaign to repackage his inflationary economic policies: Bidenomics. In an address, President Biden made a pitch to the public that the U.S. labor market is thriving thanks to his agenda. He claimed this his policies created 13.4 million new jobs. Is that true?
Today, the U.S. has had the highest economic growth rate, leading the world economies since the pandemic. The highest in the world. (Applause.) As Dick said, with his help, we created 13.4 million new jobs. More jobs in two years than any president has ever — (applause) — made in four — in two. And, folks, it’s no accident. That’s Bidenomics in action. Bidenomics is about building an economy from the middle out and the bottom up, not the top down. President Joe Biden
False. Completely make believe.
President Biden is being disingenuous. He is claiming credit for jobs that returned after pandemic restrictions came to an end and calling them all “new” jobs. His actual job “creation” record is worse than President Trump’s record.
A whopping 20.5 million jobs were lost in the first month that the COVID-19 pandemic was declared. Virtually all economic activity was halted or declined due to social and behavioral changes and government restrictions on business activity. Although losses were widespread, the leisure and hospitality industry suffered the greatest losses.
A remarkable job recovery began later in 2020 with nearly 12 million jobs being recovered by the end of the year. Still, 9.4 million jobs were lost in 2020 according to the Labor Statistics (BLS), the largest calendar-year decline in the history of tracking.
President Biden took office in 2021 but is claiming that the millions of jobs recovered under his tenure are new jobs. Over 70% of the jobs in 2021 were recovered jobs according to congressional analysis. The net of jobs that replaced those lost suggests that Biden created around 4 million jobs in his first two years in office.
Meanwhile, President Trump created 5 million jobs during his first two years in office.
As Heritage Foundation’s E.J. Antonie wrote earlier this year,
Using Biden’s own logic, President Trump added 12.5 million jobs in nine months, averaging 1.4 million jobs per month. Biden has added 12.1 million jobs in two years, averaging 500,000 jobs per month. Bottom Line:
President Biden’s claim is very misleading. Job recovery is not the same as job creation. It’s positive that jobs have been created but real wages have fallen thanks to 40-year-high inflation due to reckless government spending. Americans don’t feel better off, because Bidenomics have left them worse off.
The main reason they are gloating is his huge job creating skills. According to one chart Biden created more jobs than the last 3 presidents combined. Of course this article shows what a lie that is…almost 3/4 of the jobs are simply post-COVID back to work situations.
I think they are already gearing up for 2024 and this will be one of their main selling points.
Just like he created 81 million votes.
How do you prove the three-quarters are pre-Covid conditions though?
Haven’t we been reading that around 7-million men who worked prior to Covid....aren’t working today? WSJ brought this up back in April.
Also, if all of this were ‘great’....wouldn’t the repossession of cars ‘rate’ be dropping?
Just seems to be a lot of conflicting information which doesn’t fit the narrative or prescribed facts laid out.
Also, aren’t Disney-theme hotels, and Vegas hotels having a problem filling hotels...with business bankruptcy trending up, and bank failures being noted more often now?
Sure, in the same way he graduated top of his class...in his own demented dreams.
13.3 million are just whores on OnlyFans making $50 a week…
Bidumb and his still boss barry both recount, that is count the same thing twice whether it’s votes or magic jobs.
heard last night the last 2 months jobs numbers where downgraded......which mean they tried to boast the number to help him
And what are we getting for all of that borrowing and spending, apart from full time jobs being replaced with part time jobs saying "Fries with that?"
As for COVID and the losses we took as a result, the lab that came from was outsourced in 2014. Who were the president and vice president at that time?
Man you might have something there.
When I got on Twitter about 6 months ago I couldn’t believe how many different women are on that. What got me were how many were very ordinary looking women.
I dont know which is worse though. All the thot women in the west now or so many simp men willing to throw their money away for looking.
It’s just bad in both directions. Our country is in deep trouble…
Porn, video games, fast food, SSRIs, and no exercise for dudes…
Porn, OnlyFans, inflation of ego, career v motherhood, and drunk slut behavior for chicks…
No decent guy is going to marry some used up broad who’s running out of eggs.
Check online dating. A bunch of 33+ year old chicks wanting children.
Why would you bind yourself for life when you’re number 83 on her list?…
The real measure of job creation is the “Labor Force Participation Rate.” Prior to Covid it was 63.3% and it is now 62.6%. Joe Biden has not created one damn job.
Link to graph https://fred.stlouisfed.org/series/CIVPART
The real measure of job creation is the “Labor Force Participation Rate.” Prior to Covid it was 63.3% and it is now 62.6%. Joe Biden has not created one damn job.
Link to graph https://fred.stlouisfed.org/series/CIVPART
The Shadow Government of Barack Biden created the illusion of these jobs. Obama really is the man behind the curtain.
Joe Briben created 13.4 million new lies.
We can discuss the morality of which is worse forever, but at the end of the day it's the women who leave the transaction with the buying power.
This is why I get so sick of this "men are shortchanged" BS. If men are so poor, how come they have billions a year to spend on prostitution, and even more for strip bars, etc.?
Not to mention the money being made by human traffickers from men.
If men were shortchanged in anything, it's the ability to think beyond their manhood.
It’s like saying you made new jobs after the teachers come back in the fall….
It only makes sense to democrats.
The economy is truly struggling, in the middle of summer. What do people think is going to happen this fall?
This is why Congress people are shorting the Dow and S&P, they know what’s coming, insider trading.
after destrying 20 million
I think he did. IN THE UKRAINE FIGHTING THE RUSSKI LOSERS.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.