Despite the majority of the country agreeing that the economy is in disarray, President Joe Biden dedicated the opening of his second State of the Union address trying to put lipstick on the pig.
"Two years ago, our economy was reeling," Biden said, comparing the peak of the pandemic to today."As I stand here tonight, we have created a record 12 million new jobs, more jobs created in two years than any president has ever created in four years."Unsurprisingly, Biden is getting ahead of himself.
Inflation — which, despite Biden's boasts, remains more than three times the Federal Reserve's target rate — has disproportionately harmed the middle class. And yes, Biden is directly, at least in part, to blame. Thanks to the sharp spike of price levels from 2021 to 2022, the purchasing power of the middle class fell by nearly 3% while it rose for the top and bottom quintiles of earners. The result? More than three in four middle-income earners reporting a decline in their personal financial situations.
Against the counsel of even liberal economists, Biden decided to risk the value of the greenback to finance his spending sprees, and the middle class has paid the price with the worst inflation in 40 years. He can try to distract with our extremely modest job recovery, but according to the numbers, the average person aren't buying it.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
President Joe Biden to deliver State of the Union TuesdayThe president on Tuesday night will stand before a joint session of Congress for the first time since voters in the midterm elections handed control of the House to Republicans.
Consulte Mais informação »
Monterey Park Hero to attend President Joe Biden's State of UnionBrandon Tsay, the hero who wrestled a gun away from the Monterey Park mass shooter is expected to be among the local residents attending President Joe Biden's State of the Union address.
Consulte Mais informação »
Watch live: President Joe Biden's State of the Union addressPresident Joe Biden will deliver his State of the Union address on Tuesday, three months after Republicans took control of the House of Representatives. It may mark the unofficial start of the 2024 presidential campaign season.
Consulte Mais informação »
US State of the Union 2023: President Joe Biden speech live stream – February 8Joe Biden, President of the United States (US), is scheduled to address a Joint Session of Congress at the Capitol at 02:00 GMT. His comments on infla
Consulte Mais informação »
Here’s the full transcript of President Joe Biden’s State of the Union AddressWASHINGTON — Here’s the full transcript released by the White House of the State of the Union Address as prepared for delivery. Note that there will be places...
Consulte Mais informação »
President Joe Biden highlights Brandon Tsay’s heroism to push for stricter gun legislationDuring his State of the Union Address, President Biden gave Brandon Tsay a shutout for stopping the suspected Monterey Park mass shooter. Biden then used Tsay's quick-thinking actions as a rallying cry to push for stricter gun laws.
Consulte Mais informação »