Economist and Heritage Foundation research fellow E.J. Antoni explains how Biden’s fiscal policies fuel ‘the hidden tax of inflation.’ #FOXBusiness
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Making money is an action. Keeping money is behavior. Growing money is knowledge…..
Quote : “The US has one of the lowest inflation rates among industrialized countries and one of the highest GDPs . Biden is doing a very good job with the economy but some media outlets never gives the complete picture. Instead, they frequently try to frame inflation as a uniquely American event when it is, in fact, a global problem , affecting virtually every nation in the world for the last several years and the US is handling it better than most other countries . Achievement even with the GOP and Manchin obstructing more needed and effective assistance, such as child tax credits, for American families and workers. Thanks Joe!”
Quote : Bidenomics vs Reaganomics
• “In the last 90 years, under Democratic presidents GDP growth is 3.2%. Under GOP presidents it is 2.2%
• Because of the Reaganomics trickle down tax cuts to the rich, by Reagan, both Bush's and Trump, it has resulted in $51 trillion dollars being transferred from the working class to the very rich. Trickle down to the middle class a reduction of 25% of people living in the middle class from 60% to 45%. A 25% reduction in the middle class. Source is a Rand 2019 study.
• Under Clinton, Obama and Biden: 46 million jobs created. vs. Under both Bush's and the 45th president: 2 million jobs created.
• The great recession and the covid disaster happen under Trump
• Democrats = growth, deficit reduction and progress.
• GOP = recessions, higher deficits and decline.”
Quote : “Biden doing a tremendous job on economy, despite some media outlets trying to cover it up.
• We fully recovered jobs by June 2022 and have set record job levels each month since, with robust job creation averaging about 340,000/month for past year.
• Unemployment rate lowest since 1969.
• Highest real (inflation-adjusted) wages of any president on average, for production and non-supervisory workers.
• Bottom 50% real household net worth hit record in 2022.
• Deficit down 66% in FY 2022, Biden’s first budget year, excluding student loan forgiveness. This was below 2019.
• Real GDP per capita at record level.
• Nearly all key measures better than 2019, even adjusted for inflation.
• This massive boom despite hideously negative media coverage, big drop in deficit, and Fed raising interest rates.”
A Quote : “Every president in my life would love to have unemployment rate numbers this good – best in 50 years . Inflation is a global problem as most Americans recognize not an American one . Our inflation rate is dropping. Of course, interest rates are high because that is the tool necessary for the Fed to lower inflation. He has signed legislation which will continue to create higher-paying jobs for literally decades.”
A Quote : “The average American has greatly benefited under President Biden .
• 7 times as many jobs as last 3 GOP Presidents COMBINED – 13.1m now
• In last few months record lows in unemployment, uninsured, poverty rates
• US has had the strongest economic recovery in G7 Inflation last month was 1.2% on an annualized basis – where we want it to be
• GDP growth under Biden over 3%, 3x what it was under Trump
• Last month’s 339,000 jobs = 3 years of job growth under Bushes and Trump
• The deficit went up every year under Trump, has come down every year under Biden. New budget deal with Rs keeps it moving downward.
• Wages and new business formation continue to come in at very elevated levels. The Black unemployment last month was the lowest ever recorded
• The GDNow forecast from the Atlanta Fed has GDP growth coming in at 2% this quarter, meaning we are not headed toward recession Job satisfaction is at an all-time high.”
Quote : “Economists were predicting it would take many years to recover jobs, yet Biden's investments in the economy restored them quickly, way beyond projections, The unemployment rate is at a _50 year_low The rate of growth of the economy, thanks to his investments, is way above what economists predicted would be possible pulling out of the pandemic”
Quote : “Biden has the best economic record of any president in over 50 years. His record even puts Clinton and Reagan to shame, with much lower inflation than Reagan.”
Quote : “Biden has made the country better for its citizens. His economic policies and programs have changed the dynamic, tilting it away from the richie riches and back toward the average joe. We the people feel the difference.”
Quote : “He is absolutely on the right path for the country. I just hope that he and his campaign are forceful in countering the extreme misinformation campaign from the other side.”
Quote : “I simply don’t understand why Biden gets no credit and praise from some people for his extraordinary work and results. Given what he has already accomplished—-having come into office days after an insurrection—-I think he is the greatest president of our era.”
These democrats are so F delusion, man ..
Where did they find this new tool?
Wait didn't spokesperson just say takehome pay is up , but this guy said that costs for familys went up ,$5600 dollars
this is all scripted they read the fox news playbook
Another clueless press secretary
If only we had an honest media willing to mention this stuff
Well you ARE THE KING OF FALSEHOOD …foxhood …
Have not met or seen a single person praise bidens economic policies
Biden and economics are two words that just don't go together
It Pisses Me off that we have a So called president that stands in front of a Microphone and Flat out LIES to the American people. This Democrats need to wake up to their Liar and vote for America. Not Lies.
Biden killed the economy at day one he took office iv been without a tax paying job in 2 an a half years I paint an remodel homes for the poor just to get a meal for me an my family but when Trump was president I was hanging steel ( iron worker) at Google, an tesla, an face book, an boaing air port in Charleston an then all of a sudden people were layer off an unemployment run out after the first 6 months an here we are still no job, soooo when he is out of white house an we have a president that brings real jobs back to America we can get back on are feet….
bidenomics
bidenflation
bidenemia
FULL RECESSION🙄
😂😂😂😂😂 This is the worst economy since Carter.
Biden should of taken care of the homeless and the vets before he ever let imgrants into the country, by doing that he broke the consitution. He is corrupt and worst president ever.
Obummer 2.0
KJP looks a little pale but she still lies with a straight face.
Where do they find these clowns 😂
Im sure they do tell you its great when you surround yourself with incompetent yes men then confuse the people with lies.
These government officials are living in a dillusional world. Trains are derailed, bridges collapse, airports delays and shutdowns, ports shutdowns, inflation and supply chain problems shall I continue. How do these people think we swallow their BS.
Impeach Biden!
Where did all the COVID money go, where did the infrastructure plan go, where has all the other money gone with the debt ceiling deal? In Joe's pocket.
we remember the predecessor produced well over 25 million unemployed within a few weeks through his incompetence and ignorance.
Where was FOX then?
I remember they found something new against the private individual, Hunter Biden.
But no evidence has been provided to date, and we will not see any in the future.
Do it like Dominion did, they did their research and put work into their investigation. The reward was $787.5 million from a company that swindled and lied to the entire world.
Frankenstein-Economics… Biden spends and spends and spends and raises interest rates to compensate. Fantasyland
Biden himself is a falsehood.
Economic genius 👏…
He be getting da 10%…
Da big guy uncle Joe 10%😂
LMFAOOOOOOOOOOOOOOOOOOOOOOOOOO @ FJB … FJB … !!!
Shame that CNN (Corrupt Nonsense News ) don’t mention this on their programs, but that’s the kind of corrupt cockroaches they are.