President Joe Biden’s angry address to the country Thursday night exhibited yet again why Americans have a “crisis of confidence” in the Biden administration.
After a late start to his State of the Union speech, Biden urged Americans to appreciate the languishing economy and record-high inflation his administration has ushered in.
“Our economy is literally the envy of the world!” Biden yelled.
Prices have increased more than 17 percent since Biden took office, according to a December consumer price index report from the House Budget Committee.
The president then bragged about “15 million new jobs in just three years,” “800,000 new manufacturing jobs” and “unemployment at 50-year lows.”
Of those 800,000 new manufacturing jobs Biden likes to tout, however, “the first three-quarters of those job gains represented a return to pre-recession levels,” as Politifact notes. Data from the U.S. Bureau of Labor Statistics shows that prior to the Covid lockdowns, the economy saw a dramatic increase in job growth under former President Donald Trump. After the economy took a hit during largely Democrat-enforced Covid shutdowns, it has returned to just slightly above pre-Covid levels. In February of 2020 there were 12,780,000 jobs, compared to 12,964,000 in February of this year.
“Wages keep going up and inflation keeps coming down!” Biden bragged. “Inflation has dropped from 9 percent to 3 percent — the lowest in the world!”
Sure, inflation is coming down from its peak that Biden created, but that’s like a grocery store doubling the price of milk and then asking you
