Clearly Biden was confused when he gave his speech at the State of the Union on Tuesday night. So I fixed some of the stats for him:
CLAIM: “A record decrease in the deficit.”
FACT CHECK: Biden’s policies have put us on the path to spend over $10 trillion in the next decade – a record increase for a president’s first two years in office.
CLAIM: “Gas prices are down $1.50 a gallon since their peak.”
FACT CHECK: Gas prices are only down from the $5/gallon national average that Biden’s destructive energy policies caused. The average gas price was $2.39 when Biden took office, now it’s $3.47. That’s still over a dollar more.
CLAIM: “Inflation is coming down. Wages are going up.”
FACT CHECK: Inflation has risen over 13% since Biden took office. Inflation was 1.4% when he started and is 6.5% today. December was the 21st straight month that real wages have been negative, which means inflation is outpacing wage growth.
CLAIM: “Republicans want to cut Social Security.”
FACT CHECK: Republicans have repeatedly assured that we are not cutting Medicare & Social Security. Speaker McCarthy and other Republicans have echoed that we will not default on our debt – but it’s up to President Biden to come to the table and negotiate with Republicans.
CLAIM: “We have created a record 12 million new jobs.”
FACT CHECK: Biden is leaving out the workforce participation rate – 2.6 million fewer Americans are participating in the U.S. labor force compared to before COVID-19. All of the government-imposed lockdowns are still causing repercussions that the economy hasn’t recovered from.
What would you add to it? Share your thoughts in my survey here.