- Aug 4, 2015
- Reaction score
Dismal jobs report boosts Biden's case for his $6 trillion economic plan
-- The president seizes on today's employment data, which fell far short of expectations.
"He (Biden) said money is still being distributed from a $1.9 trillion coronavirus rescue plan he signed in March. “Today’s report just underscores my view of how vital the actions we’re taking are,” he said.
The weak data may give a boost to Biden’s $6 trillion economic agenda by blunting arguments that the stimulus legislation he signed in March, combined with his proposed expenditures for infrastructure and social programs, would spur crippling inflation.
The fate of Biden’s economic plans rests with the narrowly divided Congress. Passing his proposed $4 trillion worth of long-term spending increases and tax credits, spanning infrastructure to social programs including child care and education, will depend on where lawmakers can find compromise.
The jobs report gives Biden a new argument as he seeks support from voters and lawmakers. Employers added 266,000 jobs last month and the jobless rate edged up to 6.1%, the Labor Department said, compared with forecasts for a 1 million increase in payrolls and a drop in unemployment."
Biden claimed his policies and agenda would result a DROP IN UNEMPLOYMENT as a result of 1 MILLION NEW JOBS being created. FAIL!
-- Only a fraction of that 1 million (266,000) jobs was created as the unemployment rate 'edged up' to 6.1%
In true politician fashion, Biden (in an attempt to save his own ass), Biden spun the news of his policies' failure by telling Americans that his failed results negatively impacting Americans is proof that Americans need another massive deficit-funded bailout / 'Relief' Check...
Funny - Biden is convincing idiots that they need another huge deficit-dollar-funded check as 'relief' from Biden's failed / failing economic policies.