While President Joe Biden attempted to add a victory to his win column over the latest jobs report, the media remained “baffled by why Americans aren’t feeling good about the economy” like the president.
One renowned entrepreneur and investor explained the reality of economic woes in a tweet so simple that even they would have to concede her points.
On Friday, Biden attempted to cite “record job-creation” as a major accomplishment for his relatively short tenure in office and boasted that his presidency could take credit for nearly 8 million jobs created in the past 14 months. He also boasted that the unemployment rate had only been as low as it is now in three months over the last 50 years as the U.S. added 431,000 jobs in March.
“What this means is clear,” the official Twitter account of the president stated. “Americans are back to work.”
Over the course of my presidency, our recovery has now created 7.9 million jobs—the most jobs created over the first 14 months of any presidency, in any term, ever.
— Joe Biden (@JoeBiden) April 1, 2022
There have been only three months in the last 50 years where the unemployment rate in America was lower than it is now.
What this means is clear: Americans are back to work.
— President Biden (@POTUS) April 1, 2022
Despite these claims, the president’s approval has remained low and corporate media can’t come to grips with why that is. Carol Roth, a graduate of the University of Pennsylvania’s prestigious Wharton School of Business and author of “The War on Small Business: How the Government Used the Pandemic to Crush the Backbone of America,” simplified it for them.
To the media folks baffled by why Americans aren't feeling good about the economy despite "tightness" in labor market:
-Wages aren't keeping pace with inflation
-Inflation is going to cost them thousands more in expenses this year alone
-They are getting priced out of housing— Carol Roth (@caroljsroth) April 1, 2022
Inflation is now estimated to be costing the average American $433/month more in expenses than last year. That’s currently $5,200 over the course of the year and that number is expected to rise.
Furthermore, even if wage growth was keeping up with the actual historic gains that had occurred during President Donald Trump’s administration where the median household income grew by seven percent in 2019, it would still not be enough to combat the near eight percent inflation since last year as the New York Post reported.
On top of that, the media reports the inflation cost impact in after tax dollars. On a pre-tax basis, it is so much worse.
— Dave Stone (@DMStoneNY) April 1, 2022
I love your wit and wisdom Carol They just don’t want to be real Its a fake world they project The real world gets it Every time we shop buy fuel look at our bank accounts If your making $250 k plus and eating on expense accounts and riding in company cars it never reaches you
— stanley shartsis (@Kommonzents) April 2, 2022
If you aren’t in the trenches trying to eek out a living with the average American, then you’re just another mouthpiece for the administrative class.
— Ryno In The Desert (@RynoInTheDesert) April 2, 2022
Additionally, Biden’s numbers on the jobs reporting aren’t grounded in reality. As the Post laid out, and many others can see this plainly without the presented figures, in February 2020 the nation had 152.5 million nonfarm employees. That number was the highest the labor force had ever reached.
Once the lockdowns began, that figure plummeted to nearly 130.5 million. Data from the United States Bureau of Labor Statistics show that the total of nonfarm employees has only reached 150.9 million while Biden has been in office. That further means that 12 million jobs were “created” in the waning months of Trump’s presidency.
However, the reality is much simpler. These jobs have been recovered as social welfare programs like supplemental pandemic payouts end and workers realize the gravy train is coming to a stop.
…and “those 7.9m Jobs” alleged by Biden to have been created during Biden’s first 14 months
They ain’t NEW Jobs. They are the Jobs people stopped doing because they got locked down, had to shelter from COVID19 and/or got fired from for not being Jabbed against their wishes!
— ƁāŁĐƦēĐ 🏴☠️ (@PithyBaldred) April 2, 2022
Unfortunately, the media is either blind to this reality as they remain in their elite circles distanced from the struggles of everyday Americans, or they are complicit in disingenuous claims by the administration and its surrogates.
Back when reporters were working class, they’d have understood this without being told.
Now that journalists are in the “educated” class, they won’t get it even after it’s explained.
— Alex Kaufmann (@alexkaufmann) April 1, 2022
You just nailed it Alex. Journalists are no longer part of the “working class”. How could they possibly empathize with the majority of this country. They are completely unaffected by poor leadership of this country.
— Ryno In The Desert (@RynoInTheDesert) April 2, 2022
Reality, it appears, comes to everyone sooner or later. Even CNN had to reevaluate its position from January when it attempted to argue inflation was good for lower-income Americans and only hurt the rich.
Nearly three months later, they admit to the truth.
Well… https://t.co/BFQnjXUJMf pic.twitter.com/MaTfOhLc06
— Carol Roth (@caroljsroth) April 1, 2022
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Native of Brooklyn, NY, Kevin Haggerty is a graduate of Hunter College where he studied Cultural Anthropology and Geography. An avid reader and truth seeker, he currently resides in Texas with his wife and their dog and, when he isn't researching current events and their impacts, you'll find him spending time with friends and family or working on his next novel.
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