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Biden Lies So Deplorably About His Wasteful Spending Plans, Even CNN Fact-Checks Him - "Biden's claim is false."

Jim H - VA USA

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His likes are so flagrant, even the fake news he is counting on to back him up can't come up with a spin.

Here's an abridged version of the CNN fact check...

Fact check: Biden makes false claim about former Federal Reserve leaders, revives misleading jobs claim

President Joe Biden claimed last Wednesday that the last five leaders of the Federal Reserve had declared that his American Jobs Plan proposal will increase economic growth.

Biden's claim is false. Biden was inaccurately referring to an opinion article published in the Washington Post that day by five former leaders of the Internal Revenue Service, not five former leaders of the Federal Reserve; only three past chairs of the Federal Reserve are even alive.

An exaggeration on the pay gap between CEOs and workers

Biden claimed in a speech in Louisiana on Thursday that "it used to be that a corporate CEO got paid 36 times as much as the average employee in their corporation in the Fortune 500; now, it's 456 times."

Biden's "456 times" figure was wrong based on the most recent available data, as the White House official acknowledged to CNN on Monday..."According to one study, CEOs make 320 times what the average worker in their corporation makes. It used to be in the -- below a hundred."

A misleading jobs claim is back

On May 2, we pointed out that, after early-April fact checks from CNN and others, Biden's team had stopped wrongly claiming or suggesting that economic firm Moody's Analytics found that the American Jobs Plan proposal would create 19 million jobs.

In his Thursday speech in Louisiana, Biden said, "All the economists, including the liberal as well as conservative think tanks, point out what we'll create when we pass this Jobs Plan -- we'll create up to 16 million good-paying jobs." And in the White House speech the day prior, Biden said, "You have Moody's talking about increasing it up to -- I don't know what the most recent one is -- 16 million new jobs."

Biden was wrong when he suggested in Louisiana that liberal and conservative economists and think tanks all agree that the American Jobs Plan will create up to 16 million jobs; there is no consensus of any kind on how many jobs the plan will create. And contrary to Biden's suggestion at the White House, even Moody's did not say the plan would create up to 16 million jobs. Rather, Moody's estimated in May that the economy will create about 16.5 million jobs between the fourth quarter of 2020 and the fourth quarter of 2030 if the American Jobs Plan is not passed, or create about 19.2 million jobs if Biden's plan is passed. In other words, Moody's found that the passage of the American Jobs Plan would produce 2.7 million additional jobs, not up to 16 million.

It's pretty bad when the leader of the free world can't even get important basic facts correct.


 

Toddsterpatriot

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Biden claimed in a speech in Louisiana on Thursday that "it used to be that a corporate CEO got paid 36 times as much as the average employee in their corporation in the Fortune 500; now, it's 456 times."

Biden's "456 times" figure was wrong based on the most recent available data, as the White House official acknowledged to CNN on Monday..."According to one study, CEOs make 320 times what the average worker in their corporation makes. It used to be in the -- below a hundred."


The average CEO wage in the US is just under $200,000.

1620784908231.png



1620784984335.png



Versus $56,310 for all occupations
 

Resnic

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Well, call it what you will but it's nice to see atleast for once a major news outlet not straining their necks trying to suck bidens dick and actually posting something true about him and pointing out faults/mistakes instead of always picking up his fumbles and polishing what he says and does.

Let's hope there is more of this from them and other news outlets.
 

Concerned American

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Biden claimed in a speech in Louisiana on Thursday that "it used to be that a corporate CEO got paid 36 times as much as the average employee in their corporation in the Fortune 500; now, it's 456 times."
HaHaHa, and after he has spent 10 trillion more, the gap will increase to 45,600 times--because the dollar is losing value--it is an exponential thing. If the gap was 4 times and the value of the dollar decreased by a factor of 10 then the gap would increase to 40 times. The rich aren't going to go backwards. Do you think Gates only makes 456 times what his average employee earns? If you do, you are extremely naive.
 

Obiwan

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Well, I'm sure that the Democrats have ballots from the dead Federal Reserve leaders that were cast for the Fucktard....

Doesn't that count as "support"?????
 

struth

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Xiden, like all dems just lie...lie and lie and lie....BIG LIES....but really it has to be a BIG BIG BIGLY lie for their propagandist to call them out.
 
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Jim H - VA USA

Jim H - VA USA

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Biden claimed in a speech in Louisiana on Thursday that "it used to be that a corporate CEO got paid 36 times as much as the average employee in their corporation in the Fortune 500; now, it's 456 times."
HaHaHa, and after he has spent 10 trillion more, the gap will increase to 45,600 times--because the dollar is losing value--it is an exponential thing. If the gap was 4 times and the value of the dollar decreased by a factor of 10 then the gap would increase to 40 times. The rich aren't going to go backwards. Do you think Gates only makes 456 times what his average employee earns? If you do, you are extremely naive.
> Do you think Gates only makes 456 times what his average employee earns? If you do, you are extremely naive.

Thanks. I hope your post was not actually directed at me, but the original disputed Biden claim was not about individual CEOs. It was pro-Biden CNN who actually tok issue with Biden's claims.

You seem to be strongly backing him up. Don't do that. :) He's always wrong.

I think the devaluation of the dollar you mention also has had something to do with the stock market not tanking more than it recently did.
 

Concerned American

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Biden claimed in a speech in Louisiana on Thursday that "it used to be that a corporate CEO got paid 36 times as much as the average employee in their corporation in the Fortune 500; now, it's 456 times."
HaHaHa, and after he has spent 10 trillion more, the gap will increase to 45,600 times--because the dollar is losing value--it is an exponential thing. If the gap was 4 times and the value of the dollar decreased by a factor of 10 then the gap would increase to 40 times. The rich aren't going to go backwards. Do you think Gates only makes 456 times what his average employee earns? If you do, you are extremely naive.
> Do you think Gates only makes 456 times what his average employee earns? If you do, you are extremely naive.

Thanks. I hope your post was not actually directed at me, but the original disputed Biden claim was not about individual CEOs. It was pro-Biden CNN who actually tok issue with Biden's claims.

You seem to be strongly backing him up. Don't do that. :) He's always wrong.

I think the devaluation of the dollar you mention also has had something to do with the stock market not tanking more than it recently did.
Of course--I am in total agreement with your assertion. The naivete comment was directed at the people that seem to be unable to grasp the gravity of the situation.
 

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