This is one of the hardest articles I’ve ever had to write, mainly because Joe Biden’s Thursday night debate performance was so completely incoherent that the only thing I took away from watching it live was that he is completely unfit to hold the office of the President.
But because the economy is the most important issue for Americans today and will be a major factor in voting in November, I decided to take a look back at some of the nonsense that has actually come out of Biden’s mouth… at least when he’s not staring into space.
Biden’s rambling, incoherent rhetoric was a reminder that he is in no way fit to run a homeowners association, much less a global superpower.
Jobs. There were a lot of strange numbers Biden touted. First, he said he created “15,000 jobs.” He probably meant 15 million, but that would have been a big stretch from the truth. As Donald Trump pointed out in his rebuttal, the jobs that have returned as the pandemic shutdowns ended hardly count toward “job creation.” If a house burns down and a new one is built in its place, that doesn’t mean a new house was created.
Moreover, under Biden, the economy has recently lost full-time jobs and gained part-time jobs. Employment gains for native-born Americans have been modest, with most of the gains coming from immigrants. And there is no clear breakdown of how those jobs are split between legal and illegal immigrants.
Later in the debate, Biden claimed he would create “tens of millions” of jobs. BillionI mean, he was claiming to create billions of jobs, which is pretty indicative of the fantasy world Biden is currently living in.
Taxes. Another favorite line of the night was Biden’s claim that America has “1,000 trillionaires.” Was this a prediction of the runaway inflation we’ve seen under his administration?
Of course, Biden also said that Trump has given Americans more tax cuts and will continue to do so. It’s not clear that Biden understands that Americans want to keep their money.
Where Biden got it wrong was that the previous tax cuts benefited most Americans and also increased government revenues (which is probably why he didn’t try to reverse them).
Biden then said: increase Taxes. Given the economic pain Americans are feeling, higher taxes are not the last thing most people want to hear.
Inflation. Biden claimed there was no inflation when he first took office. In fact, inflation was low when he took office, and that’s a good thing. In fact, it’s much better than the 20% inflation rate announced during Biden’s time in office. We all know that inflation during Biden’s time in office likely affected Americans at least twice as much.
Biden claims inflation was low because the economy was collapsing. Americans and the economy generally did well under Trump, except for the COVID-19 orders, which were extraordinary “emergency” events that no real statistician would count. Under Biden, inflation has reached its highest level in 40 years.
The only number Biden didn’t mention was that as the debate progressed, PredictIt’s odds of Democratic California Governor Gavin Newsom winning the Democratic nomination rose significantly, meaning people are betting that Biden will either withdraw or drop out of the race.
There was no way Biden could ever plausibly defend his economic record, and now his rambling, incoherent attempt may only make people temporarily forget the pain in their wallets and remind them that he is not suited to run a homeowners association, much less a global superpower.
