The President Crows Again About 'Bidenomics' on Labor Day, but Most Americans Just Feel Poorer

Joe Biden speaks in Philadelphia on Labor Day. (Credit: CNN)

The day after Commerce Secretary Gina Raimondo said on “Face the Nation” that “inflation still exists” and "remains a challenge," President Joe Biden cheered himself on and claimed Bidenomics was a huge success.

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The president appeared with sheet metal union workers in Philadelphia on Monday—Labor Day—to paint a rosy picture of the results of his policies. 

As I said a thousand times, there is no quit in America. None. All I hear from my friends on the other side, what they say is wrong with America. They keep telling us America is failing. They're wrong. I've got news for them. America has the strongest economy in the world right now today. Lowest inflation rate among any major economy, 13.5 million new jobs. 

America isn’t failing. America is winning, and the rest of the world knows it. That's why our friends and allies are looking to us. 

He also took some weak potshots at former President Donald Trump, noting that although our infrastructure is deteriorating, “The great real estate builder—last guy here—he didn't build a damn thing." Of course, he neglected to mention that Trump built almost 500 miles of border wall and rebuilt our military.

He also tried to troll Trump by claiming the previous president was one of only two leaders “who left office with fewer jobs in America than when he got elected. By the way, you know who the other one was? HERBERT HOOVER! Isn't that kind of coincidental!" 

What a cheap shot—Trump also got smacked by an unprecedented global pandemic that turned this country, and the world, upside down. Before that little virus called COVID, his economic record was strong—and inflation wasn't nearly such a disaster as it is under the current president.

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Meanwhile, many Americans simply aren’t feeling the brilliance of Biden’s economy, mostly because of that one nasty problem: rampant inflation. Even Raimondo admitted it:

The reality is that inflation still exists, and it is something that people see on a daily basis when they go to the grocery store, or pay their rent, or pay their mortgage, and we have to know that.

That’s still a challenge for folks. That being said, if you look at where we are today, compared to when the president took office, it’s an unbelievable story of progress.

After admitting that inflation is a huge issue for regular folks, Raimondo somehow claimed that Biden's policies have been "an unbelievable story of progress.” But mostly, it seems like the progression we're seeing is an upward spike in prices:

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Senate Republican leadership released a report in July showing inflation has soared by 16.6% since Biden took office. Grocery prices have increased by 20%, the report said, citing Bureau of Labor Statistics data, while energy prices have increased 38%. As of July, prices rose by 3.2% on average over the past 12 months. The August Consumer Price Index is not expected to be released until Sept. 13. [Bolding mine.]

This tweet is from August, but still applies:

Meanwhile, the unemployment rate unexpectedly rose in August to levels not seen since February 2022.

Americans are feeling inflation every time they fill up their cars or hit the grocery store. A CNN poll in August found that 51 percent of respondents think the economy “is still in a downturn and getting worse.” Meanwhile, as we reported, a new Wall Street Journal poll shows that only 39 percent of Americans hold a favorable view of the president right now.

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Biden can pat himself on the back all he wants, but Americans feel poorer than they did when he took office, and no amount of statistics and gaslighting is going to change that.


See also:

New Report Shows Just 16% of Californians Can Afford to Buy Home

CNN Sweeps the Leg out From Under 'Bidenomics' With Brutal Report on How Much More We're Paying

Biden Tries - And Fails - at Using a Whiteboard to Explain 'Bidenomics'

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