Joe Biden Slams Trump Economy, Misleads America on Bidenomics in Labor Day Stump Speech
Biden tells more bold face lies--forgets to mention Trump's economy got hit by Covid
Joe Biden delivered a Labor Day speech in Philadelphia, Pennsylvania to union workers during the Annual Tri-State Labor Day Parade. In his speech, Biden criticized the Trump economy and emphasized the impact of “Bidenomics” on job creation.“800,000 new manufacturing jobs, but you wouldn’t know from all the negative news you hear,” Biden intoned. “Well, we’re getting through this. One of the greatest job creation periods in American history. For real. That’s a fact.”
“And it wasn’t that long ago, we’re losing jobs in this country,” he went on. “In fact, the guy who held his job before me was just one of two presidents in history — but here’s an important point — one of two presidents left office with fewer jobs in America than when he got elected office.”
“By the way, you know who the other one was? Herbert Hoover. Isn’t that kind of coincidental?” he asked rhetorically.
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“Look, but we’re turning things around because of you,” he added. “When the last guy was here, you were shipping jobs to China. Now we’re bringing jobs home from China.”
President Donald Trump offered tax credits to entice US firms to move factories out of China.
He has also threatened to strip government contracts from firms that continued to outsource work to China.
- The unemployment rate fell from 4.7% shortly after Trump’s election to 3.5% by the end of 2019
- During Trump’s first three years in office, median household incomes grew, inequality diminished, and the poverty rate among Black people fell below 20% for the first time in post-World War II records
- Rising value of US financial markets as a measure of success - in particular the Dow Jones Industrial Average
- Prior to pandemic, delivered the lowest unemployment rate in half a century.
- Real wages (adjusted for inflation) grew throughout Trump's first three years in office
- "the largest poverty reduction under any president in history".
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