1: “Take-home pay has gone up.”
- Real wages have fallen every month for nearly two straight years under his administration as historic inflation swamps nominal wages and destroys living standards. Annual inflation is rising 50 percent faster than average wages. The truth is that Americans are getting poorer, something we are reminded of every time we visit the grocery store, where prices have increased by 20 percent since Biden took office.
2. “We have created a record 12 million new jobs.”
- Biden tries to count the jobs backfilled post-pandemic as “new” jobs, but these positions were already created and merely temporarily abandoned due to COVID-19. In reality, Biden has created 2.7 million net new jobs. This job creation is only 60 percent of the 4.5 million net new jobs that Trump created in his first two years in office.
3: “[I have presided over] the largest deficit reduction in American history.”
- Again, Biden is trying to take advantage of the moderation from the unique pandemic baseline. In reality, Biden has presided over the largest two-year deficit, 4.2 trillion dollars, in American history. While it’s true the annual deficit is lower than during the once-in-a-century pandemic in 2020, due to the expiration of pandemic-era spending, that’s hardly something to cheer. In fact, Biden’s reckless spending has prevented the deficit from falling below the outrageous $1 trillion mark in 2022.
4: “Two years ago, our economy was reeling.”
- President Trump presided over the fastest economic recovery in American history, with the economy expanding by 11 percent. Unfortunately, instead of simply continuing Trump’s policies and riding his coattails to a rapid resurgence, Biden seized the opportunity to pass several trillion dollars’ worth of unnecessary spending that fueled historic inflation, putting a tremendous burden on small business owners and ordinary Americans.
5: Oil companies have “invested too little of their profit to increase domestic production and keep gas prices down.”
- Oil companies would like to expand production to take advantage of high oil prices, but the Biden administration’s green energy policies make this very difficult. Biden has issued the fewest drilling permits since the end of World War II. As a result, oil production is still lower than before the pandemic, and gas prices are far higher.
6: “Now, thanks to all we’ve done, we’re exporting American products.”
- The same day as the State of the Union address, the government released 2022 trade figures showing the country hit a trade record deficit of almost $1 trillion last year. That’s up 12.2 percent compared to 2021, precisely the opposite direction of Biden’s claim. This unprecedented trade deficit is a direct consequence of Biden’s bad policies, including climate and labor overregulation, that make it expensive to manufacture goods in America.
7: The wealthy don’t “pay their fair share.”
- This stale Democrat talking point seems to make it into every stump speech. But it couldn’t be further from the truth. The top 1 percent of highest-earning Americans pay 50 percent of the nation’s income taxes — about twice their “share” of national income. Don’t expect the mainstream media “fact-checkers” to call Biden out on these lies. These are left-wing opinion journalists masquerading as independent truth arbiters to help advance the Democrats’ agenda.
by Alfredo Ortiz
- Real wages have fallen every month for nearly two straight years under his administration as historic inflation swamps nominal wages and destroys living standards. Annual inflation is rising 50 percent faster than average wages. The truth is that Americans are getting poorer, something we are reminded of every time we visit the grocery store, where prices have increased by 20 percent since Biden took office.
2. “We have created a record 12 million new jobs.”
- Biden tries to count the jobs backfilled post-pandemic as “new” jobs, but these positions were already created and merely temporarily abandoned due to COVID-19. In reality, Biden has created 2.7 million net new jobs. This job creation is only 60 percent of the 4.5 million net new jobs that Trump created in his first two years in office.
3: “[I have presided over] the largest deficit reduction in American history.”
- Again, Biden is trying to take advantage of the moderation from the unique pandemic baseline. In reality, Biden has presided over the largest two-year deficit, 4.2 trillion dollars, in American history. While it’s true the annual deficit is lower than during the once-in-a-century pandemic in 2020, due to the expiration of pandemic-era spending, that’s hardly something to cheer. In fact, Biden’s reckless spending has prevented the deficit from falling below the outrageous $1 trillion mark in 2022.
4: “Two years ago, our economy was reeling.”
- President Trump presided over the fastest economic recovery in American history, with the economy expanding by 11 percent. Unfortunately, instead of simply continuing Trump’s policies and riding his coattails to a rapid resurgence, Biden seized the opportunity to pass several trillion dollars’ worth of unnecessary spending that fueled historic inflation, putting a tremendous burden on small business owners and ordinary Americans.
5: Oil companies have “invested too little of their profit to increase domestic production and keep gas prices down.”
- Oil companies would like to expand production to take advantage of high oil prices, but the Biden administration’s green energy policies make this very difficult. Biden has issued the fewest drilling permits since the end of World War II. As a result, oil production is still lower than before the pandemic, and gas prices are far higher.
6: “Now, thanks to all we’ve done, we’re exporting American products.”
- The same day as the State of the Union address, the government released 2022 trade figures showing the country hit a trade record deficit of almost $1 trillion last year. That’s up 12.2 percent compared to 2021, precisely the opposite direction of Biden’s claim. This unprecedented trade deficit is a direct consequence of Biden’s bad policies, including climate and labor overregulation, that make it expensive to manufacture goods in America.
7: The wealthy don’t “pay their fair share.”
- This stale Democrat talking point seems to make it into every stump speech. But it couldn’t be further from the truth. The top 1 percent of highest-earning Americans pay 50 percent of the nation’s income taxes — about twice their “share” of national income. Don’t expect the mainstream media “fact-checkers” to call Biden out on these lies. These are left-wing opinion journalists masquerading as independent truth arbiters to help advance the Democrats’ agenda.
by Alfredo Ortiz
