of new york times conducted six fact checks on President Joe Biden’s outlandish economic claims during Thursday’s State of the Union address.
Biden attempted to use his State of the Union address to talk about the alleged successes of “Bidenomics,” but many of the alleged successes that Biden touted were context was missingby times.
Fact check 1:
“We’ve created a record 15 million new jobs in just three years,” Biden said.
of times We decided that this claim needed context, since job growth was “starting to come back” before Biden took office.
This is approximately 10% growth over three years. But it’s notable that Biden took office at a time when jobs are starting to return after suffering huge losses due to the coronavirus pandemic. Total employment is now approximately 3.5% higher than its pre-pandemic peak in February 2020. About half of the 22 million jobs lost in 2020 had been recovered by the time the Biden administration took office.
Fact check 2:
“In fact, my policies have attracted $650 billion in private investment in clean energy, advanced manufacturing, and more, and created tens of thousands of jobs right here in America!” Biden asserted.
of times It determined that Mr. Biden’s remarks lacked context. The newspaper said it calculated the $650 billion based on Biden’s “disclosure of investments (not necessarily spending) across industries covered by Biden’s legislative accomplishments.”
Fact check 3:
Mr. Biden has vowed to “cut carbon dioxide emissions in half by 2030.”
of times It determined that Biden’s remarks lacked context. The paper said Mr. Biden is confusing the goal of cutting emissions in half with the goal of actual policy cuts.
Fact check 4:
“We have already reduced the federal deficit by more than $1 trillion,” Biden claimed.
of times It ruled that Biden’s claims needed context.
Under Biden’s watch, the federal deficit fell from $3.1 trillion in fiscal year 2021 to $1.4 trillion in fiscal year 2022, with much of the decline due to the expiration of coronavirus relief spending. The deficit has since increased to about $1.7 trillion in 2023.
…
The deficit remains larger than before the coronavirus pandemic. The deficit in fiscal year 2019 was approximately $984 billion, lower than the previous year. And the national debt has increased from about $27.8 trillion in January 2021 to about $34.4 trillion now.
Fact check 5:
“As you know, there are 1,000 millionaires in America. Do you know what the average federal tax is on these billionaires? They’re making a huge sacrifice: 8.2%. That’s a lot. That’s far less than the salaries of many Americans,” Biden argued.
of times It ruled that Biden’s claims needed context. The outlet reported that Biden cited a 2021 White House study that referred to “a ‘more comprehensive measure of income’ than what is currently assessed.”of times It reported that Biden’s claims do not “technically” reflect current tax rates.
Fact check 6:
“Many of my friends on the other side of the aisle want to put Social Security in jeopardy,” Biden argued.
of times I decided that Biden’s claims needed context. “Republicans are not currently calling for cuts to Social Security,” he said. times Said.
Former President Donald Trump told Breitbart News in 2022 that he would never cut Social Security.
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Wendell Husebo is a political reporter for Breitbart News and a former Republican war room analyst.he is the author of politics of slave morality.Follow Wendell “X” @WendellHusebø or society of truth @WendellHusebo.
