{"id":1839093,"date":"2023-02-08T01:04:29","date_gmt":"2023-02-08T06:04:29","guid":{"rendered":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/?p=1839093"},"modified":"2023-02-08T01:06:17","modified_gmt":"2023-02-08T06:06:17","slug":"dont-fall-for-joe-bidens-economic-fairy-tale","status":"publish","type":"post","link":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/dont-fall-for-joe-bidens-economic-fairy-tale\/","title":{"rendered":"Don\u2019t Fall For Joe Biden\u2019s Economic Fairy Tale"},"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%2Fdont-fall-for-joe-bidens-economic-fairy-tale%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=1839093&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-->\n<p>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.<\/p>\n<p>The top of his State of the Union <a href=\"https:\/\/www.whitehouse.gov\/briefing-room\/speeches-remarks\/2023\/02\/07\/remarks-of-president-joe-biden-state-of-the-union-address-as-prepared-for-delivery\/\" target=\"_blank\" rel=\"noreferrer noopener\">Address<\/a>He boasted that he was a president \u201ccreated more jobs in two years than any president created in four years.\u201d No president \u2014 not Joe Biden nor Donald Trump \u2014 <em>Creates<\/em> jobs. But Biden\u2019s 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\u2019t \u201ccreate\u201d Jobs when they are allowed to open.<\/p>\n<p>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. <a href=\"https:\/\/www.cnn.com\/2020\/08\/22\/politics\/biden-coronavirus-shutdown\/index.html\" target=\"_blank\" rel=\"noreferrer noopener\">Ignoring<\/a> Federal health officials. Even in August of 2021, after it was clear that shutdown hadn\u2019t save any lives, Biden was still criticizing Florida\u2019s Ron DeSantis for rejecting a new round of COVID authoritarianism, <a href=\"https:\/\/www.nytimes.com\/2021\/08\/03\/us\/politics\/biden-covid-vaccine-delta.html\">Tell him<\/a> To \u201cget out of the way\u201d Of those who are trying to \u201cdo the right thing.\u201d<\/p>\n<p>Three years ago, unemployment was at <a href=\"https:\/\/www.cnbc.com\/2020\/03\/06\/us-jobs-report-february-2020.html\" target=\"_blank\" rel=\"noreferrer noopener\">3.5 percent<\/a>. Biden reminded us today that the stock market was at an historic low. <a href=\"https:\/\/www.bls.gov\/news.release\/pdf\/empsit.pdf\" target=\"_blank\" rel=\"noreferrer noopener\">3.4 Percent<\/a>. More than 30,000,000 people <a href=\"https:\/\/www.wsj.com\/articles\/how-many-u-s-workers-have-lost-jobs-during-coronavirus-pandemic-there-are-several-ways-to-count-11591176601\" target=\"_blank\" rel=\"noreferrer noopener\">They lost their jobs<\/a> Covid lockdowns. Biden claims to be able to \u201ccreated\u201d In the last two years, 12 million jobs were created. One big difference is the labor participation rate. <a href=\"https:\/\/www.bls.gov\/charts\/employment-situation\/civilian-labor-force-participation-rate.htm\" target=\"_blank\" rel=\"noreferrer noopener\">haven\u2019t<\/a> The numbers are back to pre-Covid levels. It\u2019s great that people are working again. Yet, millions are not looking for jobs.<\/p>\n<p>Biden boasted of seeing \u201cnear\u201d 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\u2019t Trump? The president still believes he deserves credit. <em>Near<\/em>Historic unemployment lows among minorities, and a rate that&#8217;s.1 percentage lower than the previous administration. After wasting trillions of money to supposedly save our economy, this is just absurd. It\u2019s just laughable.<\/p>\n<p>Biden also claimed that the extravagantly misnamed &#8216;Spending&#8217; was a reference to spending. \u201cInflation Reduction Act,\u201d which, you may recall, was first called \u201cBuild Back Better,\u201d This had contributed to a reduction in the spiking of prices.\u00a0Biden began his presidency only after inflation became non-transitory and became a political problem. <a href=\"https:\/\/www.youtube.com\/watch?v=Pj8lLj5EzUQ\" target=\"_blank\" rel=\"noreferrer noopener\">Argumentation<\/a> 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 \u2014 all long-desired progressive wish-list items. \u201cThe Inflation Reduction Act is also the most significant investment ever in climate change,\u201d Biden spoke during his speech as if the sentence was made <em>Any<\/em> sense.<\/p>\n<p>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 \u201cinfrastructure\u201d bill with Senate Republicans&#8217; help) and aggravated pre-foreseeable<\/p>\n","protected":false},"excerpt":{"rendered":"<p>There were numerous lies, half-truths, and deceptions. But, surely, the president&#8217;s biggest whopper was the claim, &#8216;I&#8217;m a capitalist.&#8217;<\/p>\n","protected":false},"author":831,"featured_media":1839096,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","fifu_image_alt":"","footnotes":""},"categories":[546],"tags":[3706,4894,4202,17978,8859,7189,5867],"class_list":["post-1839093","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-the-federalist","tag-bidens","tag-dont","tag-economic","tag-fairy","tag-fall","tag-joe","tag-tale"],"fifu_image_url":"https:\/\/cndimages.nyc3.digitaloceanspaces.com\/breaking-news\/wp-content\/uploads\/2021\/01\/IMG_2758-scaled-1.jpg","_links":{"self":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1839093","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\/831"}],"replies":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/comments?post=1839093"}],"version-history":[{"count":0,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/posts\/1839093\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media\/1839096"}],"wp:attachment":[{"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/media?parent=1839093"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/categories?post=1839093"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.conservativenewsdaily.net\/breaking-news\/wp-json\/wp\/v2\/tags?post=1839093"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}