Psaki Calls Economic Report the “Biden Boom”

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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?

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32 thoughts on “Psaki Calls Economic Report the “Biden Boom””

  1. The Swamp News rats , MSM=Fake News (CNN, FOX, CBS, MSNBC.etc)The Pravda/Racists Divisive Commie news and their propaganda HATE machine at full throttle! They are destroying the country within!‪ Expose, Boycott, Sue, prosecute and bring to justice all these lying Fake News Social media(Facebook, Twitter, YouTube.etc)

  2. One week shows a positive nothing. One week is not a trend. One week is a fluke. No matter how hard it is for the people of USA to understand their country is going downhill quickly under each and every day of Biden.

  3. The Swamp News rats , MSM=Fake News (CNN, FOX, CBS, MSNBC.etc)The Pravda/Racists Divisive Commie news and their propaganda HATE machine at full throttle! They are destroying the country within!‪ Expose, Boycott, Sue, prosecute and bring to justice all these lying Fake News Social media(Facebook, Twitter, YouTube.etc)!

  4. This is just a reflex from all the repression, and lockdown that the Socialist Democrats have foisted upon the economy. There is no “BOOM”, there is only a spurt because the repressed state is finally being lifted.

    If you put compress air, then release it, it will expand again, just like the economy.

  5. Biden’s Press Secretary Jen Psaki is entitled to express her opinion no matter how stupid it is. The sad part is that we are paying her to express it to the Nation and the World. In my opinion she is a DULLARD!!!

  6. It is amazing to me how people have been brainwashed by Democrats and the media. They lie so much about everything they do. Psaki is the worst Democrat on earth right after Pelosi.
    All these people have have no brains and we should be listening to chickens rther than ignorance of Democrats!

  7. Your a very sick woman, hope your getting paid enough for character destruction, changing mental diapers must leave you exhausted. Russian cyber attacks win the day and the US does nothing, what kind of deal was cut with Putin? WASHINGTON (AP) — A ransomware attack paralyzed the networks of at least 200 U.S. companies on Friday, according to a cybersecurity researcher whose company was responding to the incident. The REvil gang, a major Russian-speaking ransomware syndicate, appears to be behind the attack, said John Hammond of the security firm Huntress Labs. He said the criminals targeted a software supplier called Kaseya, using its network-management package as a conduit to spread the ransomware through cloud-service providers. Other researchers agreed with Hammond’s assessment. “Great job joe”, we need more leaders like you, did you give Putin a list of companies, it was OK to hack? Want the tax payor sun glasses you gave Putin back. What a giant waste of tax payor monies your Putin meeting, you gave Putin free control of his Pipe line yet killed ours, whose side are you on? about having Hunter return that 3 million plus he got from Putin? How about telling the Attorney General it’s OK to look into other matters beside protecting Hunter and using his office as a political wing of the Democrat party?

  8. Cloward Piven theory says destroy the free culture and economy and the people will rise up and demand the government “do something.” In today’s context that something would be socialism. It already worked once – the Great Depression of the 1930’s, although Cloward Piven arose from those events and did not trigger them. It is clear that recent social upheavals are designed to destroy the USA as we have known it and replace it with a socialist utopia.

  9. Ya I felt the BOOM last Friday when I filled my tank. It’s the first time in over 4 years it cost 58 bucks to fill my tank. It used to be 35 bucks if I was running low. I got my yearly 3% raise last month but it no way covers the extra 80 to 100 bucks a month it costs me to get to work

  10. All the crowing about new jobs is pure BS. When people return to jobs vacated because of the covid this is not newly created jobs. The Biden administration plays on the ignorance of MSN followers. I’ve noticed big companies that pay well have started advertising on billboards in Spanish and English for workers. If all jobs were filled we would still be short of workers.

  11. BAD RED, ONCE A LIAR ALWAYS ONE …..NEVER FORGET SHE IS ONAMAS HANDMAIDEN SITTING IN THE OVAL OFFICE TO TELL THE PUPPET WHAT TO DO SAY AND BEHAVE .
    FELLOW AMERICANS BARACK HUSSEIN OBAMA IS THE COMMUNIST DICTATOR NOW RUNNING THIS COUNTRY!

  12. Jen circled back so often that she now has the entire administration walking around in circles with nary a clue. Will someone please stop this merry-go-round so that they may all get off?

  13. I’ve heard it all it seems… more spin, more “gray” areas… more stretched truths and facts. It used to be how will our “children” deal with all this “debt” the government it paying to people? That “used” to be their battle cry. How about the battle cry of the VETS and HOMELESS…. where is that going? IT’s the SOS…. give away the farm and figure you won’t be around to worry about it……. The HOUSING issues, renters living for “free”… Mortgage lates and soon to be defaults…. What is the answer for that.?

  14. This is typical of some one who doesn’t want to tell you the truth. Look here this price is down while all along if you added in the gas and the cost of fixing that HOT DOG they are talking about it would actually cost you 55 cents more

  15. ONLY BOOM Obiden ever made was when he was drunk, dropped his pants and lit big FARTS. What a JOKE this clown is. 50 years in congress and has nothing to show for it except his do nothing or destroy America pay stubs. Also a Drunk doper kid that’s following in daddy’s footstep of being worthless.

  16. The real boom would have been if Biden did as Trump suggested…….

    Sit back and do nothing at all.

    Had Jerk Biden just allowed things like the border and the economy to continue as Trump left them, we could be in “hog’s heaven” right now.

    Instead we have another southern invasion going on, the economy is poking relatively speaking with all the anti-business crap Jerk Biden has re-instituted. Shades of Obama, ha ha, eh???

    How id democrats ever get SO ephed up?

  17. I would call the current economic condition the “Biden Bust”. It is the same growth retardation that was seen during the Obama-Biden administration, until President Trump was elected and we saw much better growth.

  18. Anyone who voted for this disaster in the white house should be totally embarrassed as to there ignorance. Or do they just they don’t truly care for there children’s future I sincerely hope it was “ignorance”.

  19. Psaki KNOWS that Biden is not making leadership decisions. Policy is coming from Jarrett, the Obamas, massaged by Susan Rice with the connivance of Jill Biden, and Joe is just a mouthpiece. Psaki is nothing more than a theatrical performer reading a script.