Economy

BREAK FROM REALITY: Biden Claims He’s Created ‘Five Million Jobs’ Since Taking Office

posted by Hannity Staff - 10.11.21

Joe Biden addressed the nation Friday afternoon after a series of disappointing reports on the economy; insisting “jobs up, wages up, unemployment down” since his first day in the Oval Office.

“In total, the job creation in the first eight months of my administration is nearly five million jobs. Jobs up, wages up, unemployment down. That’s progress.”

The American economy added just 194,000 private payroll positions in September, falling far below expectations that predicted upwards of 500,000 new jobs as the country struggles to recover amid the COVID pandemic.

“Nonfarm payrolls rose by just 194,000 in the month, compared to the Dow Jones estimate of 500,000, the Labor Department reported Friday. The unemployment rate fell to 4.8%, better than the expectation for 5.1% and the lowest since February 2020,” reports financial website CNBC.

“The headline number was hurt by a 123,000 decline in government payrolls, while private payrolls increased by 317,000. The drop in the jobless rate came as labor force participation edged lower. A more encompassing number that includes discouraged workers and those holding part-time jobs for economic reasons fell to 8.5%, also a pandemic-era low,” adds the outlet.

“Labor shortages are continuing to put severe upward pressure on wages … at a time when the return of low-wage leisure and hospitality workers should be depressing the average,” said Andrew Hunter, a top U.S. economist at Capital Economics.

“After looking like almost a done deal, today’s jobs number has thrown expectations for tapering into disarray. The Fed doesn’t seem to need much to convince it that tapering should begin imminently, but at just 194,000, jobs numbers are suggesting that the labor market is further from hitting the substantial progress goal than they expected,” added another industry insider.

Read the full report at CNBC.

BIDEN IN NEW HAMPSHIRE: ‘I’ve Been to Vermont a Number of Times, I love This Place'

posted by Hannity Staff - 8.26.19

Former Vice President Joe Biden continued his gaffe-riddled campaign over the weekend; telling supporters in New Hampshire he’s been to Vermont a “number of times” dating back to 2014.

“I’ve been here a number of times…I love this place. Look, what’s not to like about Vermont in terms of the beauty of it?” Biden told reporters.

Biden made a similar mistake just days ago, telling a packed audience the assassinations of Robert Kennedy and Martin Luther King Jr occurred in “the late ‘70s.”

“Just like in my generation, when I got out of school, when Bobby Kennedy and Dr. King had been assassinated in the ’70s, the late ’70s when I got engaged … ,” Biden recalled.

The two leaders were killed two months apart in 1968.

Biden is facing more campaign issues this week; with analysts saying his fundraising efforts have “tumbled” since a series of gaffes on the campaign trail.

“Joe Biden raised $4.6 million online on his first day in the 2020 presidential race, surprising doubters who thought the former vice president couldn’t run a modern campaign. But since then Biden’s online fundraising has tumbled — looking more like flash-in-the-pan opponent Beto O’Rourke than top-tier rivals like Bernie Sanders or Elizabeth Warren,” reports Politico.

“More than 60 percent of the $13.2 million Biden has raised online came in the first week of his campaign, which launched in late April, according to a POLITICO analysis of data from the Democratic fundraising platform ActBlue. While other top candidates spiked early and then gradually raised more money online as the 2020 campaign has carried on, Biden’s pattern is similar to O’Rourke, who roared into the race with millions raised in his first day but has trickled off since then,” adds the website.

BIDEN IN IOWA: I’ve Spent a Lot of Time with South Korea’s Kim Jong Un

posted by Hannity Staff - 12.02.19

Former Vice President Joe Biden continued his gaffe-laden campaign tour in Iowa over the weekend; bizarrely stating he’s “spent a lot of time” with “Kim Jong Un in South Korea.”

“You see what’s happening all around the world with his embrace of dictators. Folks like Putin, Kim Jong Un in South Korea and the way he talks about America, the way he talks about our allies,” said Biden.

“I know them. Putin has no illusions about whether I know him or not. Kim Jong Un has no illusions about whether I know him or not… I’ve spent a lot of time with these folks, they know,” he added.

Watch Biden’s comments above.

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