On Monday, President Joe Biden interrupted his vacation in Rehoboth Beach to journey to Philadelphia, where he delivered a contentious Labor Day address to members of Sheet Metal Workers Local 19.
During his speech, Biden criticized former President Trump and presented what some argue were inaccuracies about his economic policies, known as Bidenomics.
Critics contend that the state of the economy is currently tumultuous and attribute this to the actions and decisions made by President Biden.
- Inflation is still high
- Gas prices are still skyrocketing
- Outrageously high grocery bills are crushing middle America.
- 30-year fixed rate mortgages are nearly 8%
- 61% of Americans are living paycheck to paycheck because of Bidenflation. A six-figure income is no longer enough in Joe Biden’s America.
- A staggering 44% of Americans earning $100,000+ per year are living paycheck to paycheck.
In a surprising turn of events, the unemployment rate in August saw an increase, reaching 3.8%.
In the same month, nonfarm payrolls experienced growth, adding 187,000 jobs. However, there are concerns that this number might be subject to revision by the Biden administration in the coming month.
August proved to be a favorable period for foreign-born workers in the United States. Regrettably, 1.2 million native-born Americans faced job losses during this time.
In contrast, a substantial influx of 771,000 foreign-born workers filled the employment gap left by the native-born Americans.
However, President Joe Biden has been actively asserting that his administration has generated the highest number of jobs in U.S. history, totaling 13.5 million since he took office. This achievement is attributed to his economic strategy known as “Bidenomics.”
“It wasn’t that long ago we were losing jobs in this country. In fact, the guy who held this job before me was just one of two presidents in history who left office with fewer jobs in America than when he got elected.”