Economy

FUZZY NUMBERS: Biden Says $1.75 Trillion in New Spending Will ‘Actually REDUCE the Deficit!’

posted by Hannity Staff - 10.28.21

President Joe Biden pitched his revised ‘Build Back Better’ plan to the American people before departing for Europe Thursday; claiming $1.5 trillion in new spending will actually “reduce the deficit.”

“It’s fiscally responsible. It’s fully paid for… It will not add to the deficit at all. It will actually reduce the deficit according to economists,” said Biden.

The United States economy grew at just 2% in the third quarter of 2021, raising even more questions about the country’s slow recovery as the nation emerges from the COVID-19 pandemic.

“The U.S. economy grew at a 2% rate in the third quarter, its slowest gain of the pandemic-era recovery, as supply chain issues and a marked deceleration in consumer spending stunted the expansion, the Commerce Department reported Thursday,” reports CNBC.

“Gross domestic product, a sum of all the goods and services produced, grew at a 2.0% annualized pace in the third quarter, according to the department’s first estimate released Thursday. Economists surveyed by Dow Jones had been looking for a 2.8% reading,” adds the financial website.

“Overall, this is a big disappointment given that the consensus expectation at the start of the quarter in July was for a 7.0% gain and even our own bearish 3.5% forecast proved to be too optimistic,” wrote Paul Ashworth, chief U.S. economist at Capital Economics. “We expect something of a rebound in the final quarter of this year — if only because motor vehicles won’t be such a drag and any negative impact from Delta should be reversed.”

This is a developing story. Check back for updates.

BIDEN on ???: ‘We’re Posed… It Can Be Done… To Light Up the Path, I’m Taking Too Much Time’

posted by Hannity Staff - 7.09.20

Former Vice President Joe Biden continued his gaffe-filled campaign from his Delaware basement this week; bizarrely admitting he’s “taking too much time” to get to the point.

“I believe this with every fiber of my being… We’re posed, what I’ve proposed, it can be done, I think we’re in a position to really make it happen!” said Biden.

 

“Critical laws… On politics, look, yes, I’m taking too much time,” he added.

Watch Biden’s bizarre video above.

BIDEN on ???: ‘What Kind of Country Are We Going to Be with 4 More Years of George??’

posted by Hannity Staff - 10.26.20

Former Vice President Joe Biden continued his gaffe-filled basement campaign over the weekend; apparently warning the country of the dangers posed by “four more years” of “George.”

“What kind of country are we going to be?” asked Biden alongside his wife Dr. Jill Biden. “Four more years of George, uh, he uh, we’re going to find ourselves in a position where that if Trump is gets elected we’re going to be in a different world!”

 

Watch Biden’s bizarre comments above.

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