{"id":1472947,"date":"2022-05-12T11:00:28","date_gmt":"2022-05-12T15:00:28","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1472947"},"modified":"2022-05-12T11:00:34","modified_gmt":"2022-05-12T15:00:34","slug":"biden-falsely-claims-he-inherited-economy-on-brink-of-depression","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/biden-falsely-claims-he-inherited-economy-on-brink-of-depression\/","title":{"rendered":"Biden falsely claims he inherited economy on brink of depression"},"content":{"rendered":"<aside class=\"mashsb-container mashsb-main mashsb-stretched\"><div class=\"mashsb-box\"><div class=\"mashsb-count mash-medium\" style=\"&quot;\"><div class=\"counts mashsbcount\">20<\/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-falsely-claims-he-inherited-economy-on-brink-of-depression%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=1472947&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_2719820\" class=\"wp-caption alignnone\">\n<p id=\"caption-attachment-2719820\" class=\"wp-caption-text\">President Joe Biden arrives at the White House from a weekend trip to his Delaware home, Monday, May 9, 2022, in Washington. (AP Photo\/Manuel Balce Ceneta)<\/p>\n<\/div>\n<h5>OAN NEWSROOM<br \/>UPDATED 7:49 AM PT \u2013 Wednesday, May 11, 2022<\/h5>\n<p>President Joe Biden attempted to rally union workers and makes statements that are at odd with statistics as his administration faces record low approval ratings. On Wednesday, he delivered remarks at the International Brotherhood of Electrical Workers\u2019 40th Annual Conference, which represents at least 775,000 workers and retirees in the electrical industry.<\/p>\n<blockquote>\n<p><strong>\u201cIf you all went on strike nationwide the country would shutdown\u2026the middle class built this country, your plan was to build this economy around you from the middle up and the bottom down,\u201d Biden stated. \u201cI\u2019m so sick and tired of trickled down economics.\u201d<\/strong><\/p>\n<\/blockquote>\n<p>The President then falsely claimed that he inherited an economy on the brink of depression and described 45th President Donald Trump as the \u201cgreat MAGA king.\u201d<\/p>\n<blockquote>\n<p><strong>\u201cWe inherited an economy on the brink of a great depression,\u201d Biden claimed. \u201cMillions of people losing their jobs, losing their their homes.\u201d<\/strong><\/p>\n<\/blockquote>\n<p><a href=\"https:\/\/www.nationalreview.com\/corner\/biden-did-not-inherit-the-worst-economic-crisis-since-the-great-depression\/\">According to the National Review<\/a>, Biden\u2019s repeated claim about inheriting the worst economy in 90 years has \u201cno basis in reality.\u201d The publication noted, the unemployment rate was lower when Biden first took office than the first five years of the Obama-Biden administration. In the third quarter of 2020, the GDP increased 33.4 percent and in the fourth quarter growth was at 4 percent.<\/p>\n<p>At another point in Biden\u2019s speech, he falsely claimed his proposals will not cost taxpayers more money.<\/p>\n<blockquote>\n<p><strong>\u201cThere\u2019s so many things we can do, that don\u2019t do anything other than make the country better and don\u2019t cost taxpayers more money,\u201d he told the crowd.<\/strong><\/p>\n<\/blockquote>\n<p>However, an analysis by the Joint Committee on Taxation shows if Biden had passed his infamous Build Back Better bill, it would have raised taxes on Americans making less than $400,000 a year by 2023. Meanwhile on Wednesday, a new Consumer Price Index Report was released and found inflation surged to a higher than expected 8.3 percent last month, staying at its highest level in decades under Biden\u2019s watch.<\/p>\n<p><span data-mce-type=\"bookmark\" class=\"mce_SELRES_start\">\ufeff<\/span><\/p>\n<h4>MORE NEWS:\u00a0<a href=\"https:\/\/www.oann.com\/economist-reacts-to-aprils-inflation-report-biden-admins-policies\/\">Economist Reacts To April\u2019s Inflation Report, Biden Admin\u2019s Policies<\/a><\/h4>\n","protected":false},"excerpt":{"rendered":"<p>President Joe Biden arrives at the White House from a weekend trip to his Delaware home, Monday, May 9, 2022, in Washington. (AP Photo\/Manuel Balce Ceneta) OAN NEWSROOMUPDATED 7:49 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-1472947","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\/1472947","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=1472947"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1472947\/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=1472947"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1472947"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1472947"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}