Op-Ed: Biden’s fantasy economy: Americans see through SOTU spin on jobs, inflation, deficits
This article originally appeared in Fox Business on February 9, 2023
In his State of the Union address, President Biden made every effort to take credit for what he claimed is an economy improving at an historic pace. Americans disagree.
According to a recent ABC poll, "40% [of Americans] say they are worse off financially than they were two years ago – the most negative response to that question in nearly 40 years." According to a recent CBS News/YouGov poll, 61% of Americans rate the economy as "bad." So where is the disconnect?
A big part of the problem is Biden’s attempt to spin the inevitable jobs market recovery that followed the end of the pandemic. Seriously, you didn’t need a degree in economics to know that once the pandemic’s economic shutdown ended, people would eventually return to work no matter who was in office.
Nonetheless, Biden wants to credit his economic policies. If anything, actually, Biden’s work-discouraging policies – such as massive welfare benefits that made staying home unemployed more profitable than going to work – have delayed and hobbled that recovery...
Read full op-ed in Fox Business