At this point, economic failures have become synonymous with the Biden administration. This is a result of the president pushing for spending, while also having a Democrat-led Congress that enabled him and backed his proposals.
At the rate things are going, it is going to take years before the economy has fully recovered from the damage done by this administration. Though for quite some time, the White House has behaved as though all is well with the economy and no one should be worried.
In reality, economic hardship is becoming more apparent by the day. This is something that Biden is finally alluding to, as reported by Townhall.
Acknowledgment Without Accountability
While holding a press conference at the White House, Biden said economic “setbacks” could occur as the White House tries to bring down inflation levels and otherwise patch up the economy.
Biden would then go on to tout what he called a 2.6% rate of economic growth; though what he left out is the 12.4% rise in food costs.
On a consistent basis, this president has shown a pattern of cherry-picking pieces of data that suit his narrative, while ignoring data that doesn’t.
If the Biden economy is so tight, why are the big dogs like Amazon, Disney, Facebook, and Twitter laying off so many people?
— James Bradley (@JamesBradleyCA) November 14, 2022
Meanwhile, it is Americans who are left in the crosshairs as interest rates and inflation grow. At the same time, consumer confidence levels are falling on an ongoing basis.
During Biden’s press conference last week, he failed to hold himself accountable for the spending that’s led to such serious fiscal problems. Both the president and his allies in Congress were warned that spending en masse would create serious issues with the economy.
Needless to say, Democrats did not listen, hence where we are today.
Criticism of Biden’s Talking Points
While speaking with Fox News, former Vice President Mike Pence took aim at the rosy image of the economy that Biden wants to paint.
As Pence stated, the Biden administration has demonstrated a willingness to weaken America via his economic and foreign policy decisions. The former vice president pointed out that Biden’s errors in leadership played a serious role in Republicans taking back the House of Representatives.
Biden just said the US will pay $1 billion in “climate reparations” to compensate other countries for global warming.
Republicans must block this and all other frivolous spending requests by Democrats.
The US economy is already bad enough because of Biden.
— Paul A. Szypula 🇺🇸 (@Bubblebathgirl) November 19, 2022
Other Americans heaped criticism onto Biden’s remarks, saying he still is not completely understanding the gravity of economic problems. It’s also worth noting how the president’s reluctant admission of issues with the economy comes after the midterm elections.
While these elections were ongoing, Biden repeatedly puffed up the economy as in good condition. Most Americans were able to see through the lies then, just as they can now.
What do you make of Joe Biden’s latest talking points about the nation’s economy? Do you believe the president is being honest about all that is happening? In the comments area, feel free to let us know.