{"id":1457938,"date":"2022-04-29T11:00:37","date_gmt":"2022-04-29T15:00:37","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1457938"},"modified":"2022-04-29T11:00:42","modified_gmt":"2022-04-29T15:00:42","slug":"biden-touts-economy-amid-dismal-commerce-dept-report","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-touts-economy-amid-dismal-commerce-dept-report\/","title":{"rendered":"Biden touts economy amid dismal Commerce Dept. report"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"float:left\"><div class=\"counts mashsbcount\">16<\/div><span class=\"mashsb-sharetext\">SHARES<\/span><\/div><div class=\"mashsb-buttons\"><a class=\"mashicon-facebook mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/www.facebook.com\/sharer.php?u=https%3A%2F%2Fwww.conservativenewsdaily.net%2Fbreaking-news%2Fbiden-touts-economy-amid-dismal-commerce-dept-report%2F\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Facebook<\/span><\/a><a class=\"mashicon-twitter mash-medium mash-nomargin mashsb-noshadow\" href=\"https:\/\/twitter.com\/intent\/tweet?text=&amp;url=https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1457938&amp;via=ConservNewsDly\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Twitter<\/span><\/a><a class=\"mashicon-subscribe mash-medium mash-nomargin mashsb-noshadow\" href=\"#\" target=\"_top\" rel=\"nofollow\"><span class=\"icon\"><\/span><span class=\"text\">Subscribe<\/span><\/a><div class=\"onoffswitch2 mash-medium mashsb-noshadow\" style=\"display:none\"><\/div><\/div>\n            <\/div>\n                <div style=\"clear:both\"><\/div><\/aside>\n            <!-- Share buttons by mashshare.net - Version: 4.0.47--><div id=\"attachment_2719105\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-2719105\" class=\"wp-caption-text\">President Joe Biden speaks about the war in Ukraine in the Roosevelt Room at the White House, Thursday, April 28, 2022, in Washington. (AP Photo\/Andrew Harnik)<\/p>\n<\/div>\n<h5>OAN Newsroom<br \/>UPDATED 7:28 AM PT \u2013 Friday, April 29, 2022<\/h5>\n<p>President Joe Biden recently touted his economy as the GDP continues to shrink under his watch. On Thursday, the Democrat met with small business leaders to praise his administration contribution to the backbone of America. Biden noted the important role smaller enterprises play in the economy.<\/p>\n<blockquote>\n<p><strong>\u201cSmall businesses typically account for more than 40 percent,\u201d he stated. \u201cPeople don\u2019t realize that 40 percent of the gross domestic product in the United States, they create two-thirds of all new jobs. They employ nearly half, nearly half, of all the private sector workers.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>Biden did not, however, mention the toll inflation and surging fuel prices has taken on the country\u2019s entrepreneurs. A Goldman Sachs survey of 10,000 small business owners found 80 percent of respondents claimed to have suffered under the burden of inflation in the past six months. Furthermore, 60 percent of those surveyed said they had no choice but to pass those costs on to their customers.<\/p>\n<p>However, Biden instead pointed to government aid as a saving grace of ailing businesses. He specifically praised his American Rescue Plan, which some economist believe kick started the country\u2019s inflationary problem. The former vice president then pivoted to criticize the economic model proposed by Sen. Rick Scott (R-Fla.), which he claimed would hurt small businesses.<\/p>\n<blockquote>\n<p><strong>\u201cNot only do they oppose making big corporations pay their fair share, they want middle class families and small business owners to pay more,\u201d Biden claimed. \u201cOur administration estimates that the Republican proposal would raise taxes on 6.1 million small business owners, including 82 percent of small business owners who earn less than $50,000 a year. It is just not right.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>In response, a spokesperson for Sen. Scott said Biden could learn a thing or two from the Republican. As the governor of Florida, Scott cut taxes 100 times during his tenure and balanced his state\u2019s budget. In contrary, the Biden White House has overseen rising inflation, surging gas prices and costs for necessary goods.<\/p>\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">.<a href=\"https:\/\/twitter.com\/JoeBiden?ref_src=twsrc%5Etfw\">@JoeBiden<\/a> keeps lying, but the American people aren\u2019t buying it. <\/p>\n<p>As long as Biden &#038; the Democrats are working to destroy this great country, I\u2019ll be fighting to rescue it. Read my full statement \u2b07\ufe0f <a href=\"https:\/\/t.co\/dCKgCqtYKg\">https:\/\/t.co\/dCKgCqtYKg<\/a><\/p>\n<p>\u2014 Rick Scott (@SenRickScott) <a href=\"https:\/\/twitter.com\/SenRickScott\/status\/1519729049580539905?ref_src=twsrc%5Etfw\">April 28, 2022<\/a><\/p>\n<\/blockquote>\n<p>Additionally, former Papa John\u2019s CEO John Schnatter said Biden has put his heel on the neck of small businesses with over regulation, an artificial labor shortage and an overall hostility to entrepreneurialism. Meanwhile, a recent Commerce Department report shows the US economy shrank by 1.4 percent in the past quarter.<\/p>\n<h4>MORE NEWS:\u00a0<a href=\"https:\/\/www.oann.com\/study-illegal-immigrant-population-in-us-grew-by-about-1m-in-bidens-first-year\/\">Study: Illegal Immigrant Population In US Grew By About 1M In Biden\u2019s First Year<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden speaks about the war in Ukraine in the Roosevelt Room at the White House, Thursday, April 28, 2022, in Washington. (AP Photo\/Andrew Harnik) OAN NewsroomUPDATED 7:28 AM<\/p>\n","protected":false},"author":79,"featured_media":2315279,"comment_status":"open","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"","fifu_image_alt":"","footnotes":""},"categories":[],"tags":[],"class_list":["post-1457938","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry"],"_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1457938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/users\/79"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1457938"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1457938\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/2315279"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1457938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1457938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1457938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}