Debunking 10 Lies From Joe Biden About The State Of The US Economy

“Inflation is the bane of our existence,” President Biden lamented last week to talk show host Jimmy Kimmel. Unfortunately, he was referring to The effect of inflation on presidential approval rates, Not the plight of ordinary Americans who are brutalized to pay for gas and groceries.

The president’s speech on Tuesday to the AFL-CIO Another pity party Biden team That hard facts were not allowed to be interrupted.

ClaimBiden boasted that he had “put America in a position to tackle a global problem that is getting worse everywhere but here: inflation.”

reality: Were Joe’s letter writers using “common core” computations that make all the bad numbers go away? Inflation rate is 8.6% in America and 5.4% in South Korea, 5.1% in Australia, and 6.8% in Canada.

ClaimBiden continued to blame Russian President Vladimir Putin for price hikes here in America.

reality: But National Public Radio reported earlier this year that “between 2019 and 2021, the United States experienced one of the largest increases in inflation in the world, after only Brazil and Turkey.” Inflation quadrupled under Biden – reaching 7% – before Russia invaded Ukraine. Wholesale price inflation last month was nearly 11% — indicating worse times ahead for US consumers.

oil imports
Biden accused American oil companies of making huge profits.
New York Post
gas prices
Gas prices are up about $5 across the United States.
Tom Williams / CQ Roll Call / Ciba Yu

Claim: Biden on Wednesday American oil companies were accused of making huge profits. He ordered them to “take immediate action to increase the supply” of gasoline and diesel fuel.

reality: Biden’s own policies have disrupted energy markets. The American Petroleum Institute released a list of 10 steps Biden could take to reduce supply disruptions, including ending blocking permits for natural gas projects, lifting development restrictions on federal land and water, and ending Trump-era steel tariffs.

ClaimBiden apparently believes that public delirium can restore confidence in his leadership. He literally shouted at the AFL-CIO audience, “I don’t want to hear more of these lies about reckless spending. We are changing people’s lives!”

reality: Federal Reserve analysts estimated that Biden’s deluge of handouts added 3% to the inflation rate late last year. The Federal Reserve has boosted the money supply by 40% since the start of the pandemic, helping fuel prices rise across the board.

Claim: The president told the AFL-CIO that he wants to fight inflation by introducing new childcare benefits. “It costs you $12,000 to $14,000 a month to take care of the kids,” Biden said in Chicago. Does this include limousine service to and from nurseries or what?

reality: The White House Press Office silently corrected the official text, adding:[year]After the word ‘month.’ But it couldn’t fix the logic that a torrent of new federal subsidies would miraculously lower prices.

Claim: Perhaps the biggest howl in Biden’s speech was his plan to fight rising food prices in the United States Construction of temporary grain silos in western Ukraine and eastern Poland To facilitate the export of wheat.

reality: Manipulating silos would be too little, too late for consumers in America or anywhere outside of Europe. Pathetic points in presidential speeches are no substitute for bread.

Joe Biden
Biden said during the AFL-CIO conference that his administration’s spending was “changing lives.”
AP

ClaimBiden boasted of cutting the federal deficit by nearly $2 trillion in his first two years.

reality: But that’s almost entirely because The baseline for 2020 was a tsunami of disability Epidemic-related spending. The Congressional Budget Office projects an average deficit of $1.6 trillion annually from 2023 to 2032, ending with the highest ratio of federal debt to GDP in American history.

Claim: Biden claimed to have “created the greatest job restoration in American history . . . since I became president, we’ve created 8.7 million new jobs in 16 months.”

reality: Would it be considered a “new job” if it was “created” only because politicians stopped stopping people from going to work? Almost every Biden “success story” Just returning jobs from lockdowns and pandemic disruptions. According to Statista.com, employment nationwide this year will be about the same as in 2019.

Claim: “We’ve opened schools and businesses that have been closed,” Biden boasted.

realityIt was the teachers’ unions that did more than anyone else to keep schools closed, and those unions have been an arm of the Democratic Party for decades. Democratic rulers have been bolder in shutting down state economies.

Claim: Biden portrayed his coronavirus policies as part of his economic success story: “We’ve reduced COVID deaths by 90%.”

reality: More than 600,000 people have died from COVID since Biden became president, 50% more than have died during the Trump administration. The Centers for Disease Control and Prevention was reporting more than 1 million new COVID cases daily in January. Biden would do well to speed up his latest COVID victory run since the White House has predicted as many as 100 million new COVID cases will arrive in the coming fall and winter.

Biden alternates between claiming credit for everything good that is happening in America and swearing to be an innocent bystander to an economy derailed. There are plenty of fact-checking slanted websites out there waiting to be excused for progressive politics and Democratic politicians. But there is no cure for the grim numbers Americans see every day at the gas pump. Perhaps Biden’s only hope is that fact-checkers can convince people: “Don’t believe your lying eyes!”

James Bouvard is the author of ten books and a member of the USA Today Board of Contributors.

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