Don’t Fall For Joe Biden’s Economic Fairy Tale

Joe Biden, like Nero brags about rebuilding Rome after it was destroyed, took the podium tonight to claim credit for solving a number of problems he created.

The top of his State of the Union AddressHe boasted that he was a president “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 shudder, it doesn’t “create” Jobs when they are allowed to open.

Biden claimed that Covid-19 had closed down the economy on more than one occasion throughout the night. No, states did. Politicians did. Biden was a strong proponent of these shutdowns. During his 2020 presidential campaign, Biden repeatedly attacked Republican governors who had opened too soon and for not being prepared. Ignoring Federal health officials. Even in August of 2021, after it was clear that shutdown hadn’t save any lives, Biden was still criticizing Florida’s Ron DeSantis for rejecting a new round of COVID authoritarianism, Tell him To “get out of the way” Of those who are trying to “do the right thing.”

Three years ago, unemployment was at 3.5 percent. Biden reminded us today that the stock market was at an historic low. 3.4 Percent. More than 30,000,000 people They lost their jobs Covid lockdowns. Biden claims to be able to “created” In the last two years, 12 million jobs were created. One big difference is the labor participation rate. haven’t The numbers are back to pre-Covid levels. It’s great that people are working again. Yet, millions are not looking for jobs.

Biden boasted of seeing “near” Hispanic and black workers have experienced historic low unemployment rates. Yes, these historic lows were achieved before the Covid lockdowns. If Biden deserves credit, doesn’t Trump? The president still believes he deserves credit. NearHistoric unemployment lows among minorities, and a rate that’s.1 percentage lower than the previous administration. After wasting trillions of money to supposedly save our economy, this is just absurd. It’s just laughable.

Biden also claimed that the extravagantly misnamed ‘Spending’ was a reference to spending. “Inflation Reduction Act,” which, you may recall, was first called “Build Back Better,” This had contributed to a reduction in the spiking of prices. Biden began his presidency only after inflation became non-transitory and became a political problem. Argumentation Inflation would be reduced if there was more spending. And only then did Democrats rename their bill, which was crammed with the same spending, corporate welfare, price fixing, and tax hikes — all long-desired progressive wish-list items. “The Inflation Reduction Act is also the most significant investment ever in climate change,” Biden spoke during his speech as if the sentence was made Any sense.

Sometimes presidents are unfairly blamed/given credit when economic events occur that are not under their control. Inflation is not accidental. Democrats have poured hundreds of billions of dollars into an already hot economy (in this instance, the “infrastructure” bill with Senate Republicans’ help) and aggravated pre-foreseeable