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Despite the economy being in tatters because of supply chain issues, rampant inflation, surging gas prices and a poor labor force participation rate, President Joe Biden keeps acting as if the economy is performing just fine — better even, he claims, than the demonstrably superior economy of former President Donald Trump.
His recent claims about his allegedly booming economy have grown so fantastical that even CNN is now being forced to fact-check him.
In a tweet posted late Thursday morning, the president touted the creation of five million jobs since January as a great success over his predecessor.
“We’ve created nearly five million jobs since I took office in January. That’s ten times the average monthly rate I inherited from my predecessor, ” he wrote. President Joe Biden continues to lie at virtually every single moment.
We’ve created nearly five million jobs since I took office in January.
That’s ten times the average monthly rate I inherited from my predecessor.
— President Biden (@POTUS) October 14, 2021
Not mentioned by the president was that this admittedly high job creation rate is a consequence of the receding coronavirus pandemic, not his policies.
This isn’t the first time the president has pulled this stunt. He tried it in May by claiming at the time that 1.5 million jobs had been created because of him.
At the time, the BBC fact-checked him by noting that the job growth he was highlighting “comes from a low base point given that in April last year, unemployment hit its highest level since the Great Depression of the 1930s.”
“More than 22 million jobs were lost in the space of two months due to the impact of coronavirus,” the fact-check reads.
The impact, more specifically, of a virus that destroyed millions of jobs globally.
“The COVID-19 pandemic and the resulting lockdown caused 114 million people to lose their jobs over 2020,” according to the World Economic Forum.
And now that the pandemic is slowly receding, job growth is likewise exploding globally, meaning the president cannot reasonably take sole credit — if any credit at all — for an explosion that’s also being seen everywhere else.
What he can take credit for, according to critics, is a recovery that’s been far slower and weaker than it should have been because of the president’s policy prescriptions, including but not limited to the following:
- The president’s decision to extend enhanced unemployment benefits through September.
- The president’s decision to reinstitute an eviction moratorium.
- The president’s decision to pursue a business vaccine mandate.
- The president’s decision to fear-monger over the coronavirus.
- The president’s decision to shut down the Keystone Pipeline.
- The president’s decision to promote massive spending.
Critics say that virtually every policy he’s pursued has harmed the economy.
Biden’s failing economy is the result of two connected phenomena: (1) a covid policy that insists that zero covid ought to be the prevailing standard, which would require mandates, shutdowns, and all the rest; and (2) the MMT notion that endless spending is good for the economy.
— Ben Shapiro (@benshapiro) September 30, 2021
Biden will revoke the Presidential permit for the Keystone XL pipeline.
Keystone XL is projected to create 42,000 jobs & contribute $3.4 billion to our economy.
Pipelines are the safest way to transport oil. Biden would rather import dirty oil from hostile nations.
— Rep. Lauren Boebert (@RepBoebert) January 20, 2021
Joe Biden economics at work – fewer jobs, less work, higher inflation https://t.co/srpz7M90RN
— Josh Hawley (@HawleyMO) October 8, 2021
But instead of being honest, the president continues to lie and distort.
According to him, there is no border crisis, $3.5 trillion in spending costs $0, the vaccinated must be unprotected from the unvaccinated, etc.
His claims have grown so fantastical that even CNN is now fact-checking him sometimes, though not nearly as often as critics say he deserves.
The network fact-checked him just last Saturday. Responding to his recently made claim that Moody’s is projecting his exorbitant spending will somehow create two million jobs per year, CNN reported that the remarks “were misleading.”
“Contrary to Biden’s suggestion, Moody’s did not find that the passage of the two bills would produce an additional 2 million jobs in each successive year. In other words, Moody’s did not find that in 10 years, the economy would have 20 million extra jobs because of Biden’s bills,” the fact-check reads.
“Rather, Moody’s found that in 10 years, the economy would have 2.2 million more jobs if the bipartisan infrastructure bill and a $3.5 trillion spending package were passed than it would if they were not passed,” it continues.
Dovetailing back to the 5 million jobs lie, it was so exaggerated that even people who clearly dislike Trump were bothered.
“Stop lying. You’re far too similar to [T]rump,” one critic wrote.
Look at some of the backlash below:
Stop lying. You’re far too similar to trump.
— Philip Marks🆘🆘 (@Philipmarks87) October 14, 2021
Haha such a misleading stat. You had no one working when you took office because of covid it had no choice but to go up
— Tim (@trf1987) October 14, 2021
You take credit for “creating” jobs you had nothing to do with. Businesses created them… you just, much belatedly, got out of the way somewhat.
— Brad Polumbo 🇺🇸⚽️ 🏳️🌈 (@brad_polumbo) October 14, 2021
I’m not sure you actually “created” them . . . we still have millions of unfilled jobs across almost all industries. People decided to get back to work because the COVID situation is getting better (in many places). They reclaimed jobs that had been previously lost.
— Dale Hays (@DaleOHays) October 14, 2021
Your predecessor relaxed regulations and cut taxes, allowing for the greatest economic boom in the history of this country.
Let’s see how your tax and spend policies do.
— Anthony Gialde 🏆 ⚾️ 🏒 🏌🏼♂️ 💻 💰🇺🇸 (@Gialde) October 14, 2021
The latter tweet was a slick reference to the claim from most economists that the president’s proposed $3.5 trillion in spending will ultimately, despite Moody’s projections, lower wages, economic growth and personal wealth.
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