On Friday, Biden’s Press Secretary Jen Psaki tweeted about the “economic growth” at the end of June and called it the “Biden boom” despite the most important economic metrics showing a discouraging overall trend, the Federalist reports.
As the U.S. begins to find the end of the COVID19 pandemic, the Biden administration is trying to take credit for the stunted recovery. This is in hopes of shoring up votes and trying to salvage the fragile majorities in the House and Senate before the 2022 midterm elections.
Psaki’s entire tweet reads: “In the last week: Jobs are up, wages are up, economic growth is up, consumer confidence is up. This is the Biden Boom.”
Jordan Davidson over at the Federalist broke it all down.
First, jobs are not up. According to statistics from the US Bureau of Labor Statistics, the unemployment rate rose from 5.8 in May to 5.9 in June. This is after it had been very slowly falling since January. Plus, any employment growth should be attributed mainly to some Republican governors opting out of the ongoing federal unemployment checks.
Secondly, wages have risen by a mere .33%. This is most likely because the Biden administration has been flooding the country with stimulus checks and paying workers to stay at home. As employees try to compete for jobs and beat out stimulus checks, they have to raise wages.
Biden claimed as much in a press conference this week when he said that the solution for businesses looking for workers was to “pay them more.” He creepily whispered that into the microphone.
And lastly, inflation has been soaring. The Consumer Price Index (CPI) has risen at a lightning pace, outpacing prices even during the real estate crisis of 2008.
Still, Psaki and the Biden administration are claiming that Americans are enjoying their $.16 drop in average 4th of July food prices and are confident in the economy.
That doesn’t take into account that fuel now costs almost double in many areas, meaning it costs, even more, to get to the store to prepare for the holiday weekend.
How much longer will the American people put up with Psaki’s charade that Biden’s policies are effective?