The White House declared the current state of the US an “economic boom” and said it was all thanks to Democrat legislation.
While US markets enter free fall and basic goods suffer from massive inflation, the White House offered a full throated defense of their economic policies.
Speaking to reporters during Monday’s press briefing, Press Secretary Karine Jean-Pierre said that we are coming out of “the strongest job market in history”, claiming it was thanks entirely to Biden’s signature legislation, the American rescue plan.
“The American Rescue Plan that no Republicans voted for led to this historic economic boom we are all seeing,” the press secretary claimed.
When FOX’s Chief White House Correspondent Peter Doocy asked if the plan instead resulted in historic inflation, the Press Secretary stumbled over her words, claiming that the White House doesn’t “see” their plan that way.
Jean-Pierre also claimed that Americans are now in a better spot financially than we were 2 years ago, adding, “The American people are well positioned to face these challenges because of the economic historic gains that we have made under this president in the last six months.”
Despite the claims by the White House, the United States just broke a 40 year high on inflation, almost entirely since Biden took office. Average gas prices also passed $5 for the first time in history and many economic experts are predicting an imminent global recession. The US stock market has been falling since January of this year, leading to an all around tough economic situation for the American people.
There are rumors swirling that Biden is set to spike interest rates in a last ditch effort to stop inflation, mirroring the move successfully made by Ronald Reagan in the 80s. Do you think it will be enough to set our economy straight? Why did it take him so long to act?