Editors at the Washington Examiner ponder President Biden’s misguided economic ideas.
President Joe Biden has given far fewer interviews to major news organizations than any of his predecessors, and his appalling performance on CNN this week shows why. In just 15 minutes, the president proved himself completely ignorant about recent economic history and totally out of touch with the reality people face.
Asked by Erin Burnett if he can convince voters to trust him more on the economy than Donald Trump, Biden began by denying the premise of the question. “The polling data has been wrong all along,” he claimed. “How many — you guys do a poll at CNN. How many folks you have to call to get one response?”
Who knew Biden was such a poll denier? Has every pollster who has asked voters about Biden’s handling of the economy, from CNN, the Economist, Harvard University, the New York Times, Yahoo, Fox, Marist, and CNBC, got it all wrong? Apparently so, and only Biden knows the truth, which is that people love Bidenomics despite what every poll says.
Biden then claimed, “When I started this administration, people were saying there’s going to be a collapse of the economy.” This is also flatly untrue.
When Biden took office, the economy was already recovering at a fantastic rate. Between the nadir of the government lockdowns and Trump’s last month in office, the economy added more than 12 million jobs at a rate of just under 1.4 million a month. That is the opposite of collapse.
Since Biden took office, job growth has slowed to just 400,000 per month, which is not surprising given Biden did everything in his power to delay the end of COVID lockdowns which began under Trump.
After falsely claiming he inherited a collapsing economy, Biden then claimed he inherited high inflation from his predecessor. “It was 9% when I came to office,” Biden claimed, “9%.”
