* . *
  • About
  • Advertise
  • Privacy & Policy
  • Contact
Friday, October 10, 2025
Earth-News
  • Home
  • Business
  • Entertainment
    The Best “Friends” Halloween Episodes That Blend Spooky And Silly In The Perfect Way – Yahoo

    The Best “Friends” Halloween Episodes That Blend Spooky And Silly In The Perfect Way – Yahoo

    MSG Entertainment Takes Radio City Music Hall Into the Future With Introduction of Sphere Immersive Sound – Business Wire

    MSG Entertainment Transforms Radio City Music Hall with Cutting-Edge Sphere Immersive Sound Experience

    Israel’s Entertainment Industry Is Being Targeted by the Left in Hollywood and the Right at Home – The Wall Street Journal

    Inside the Fierce Clash Shaping Israel’s Entertainment Industry: Hollywood vs. Local Voices

    Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

    Offset Poised to Finalize Divorce from Cardi B for a Major Reason

    Beyond the Stage: 8 Performing Arts Centers Driving Entertainment and Education – Livability.com

    Beyond the Stage: 8 Performing Arts Centers Transforming Entertainment and Education

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    4J schools trying out new electronic hall pass technology – Lookout Eugene-Springfield

    4J Schools Unveils Cutting-Edge Electronic Hall Pass System to Transform Student Experience

    China outlines more controls on exports of rare earths and technology – fox40.com

    China Unveils Tougher Restrictions on Rare Earth and Technology Exports

    Wisconsin Dairy Leads the Way with Cutting-Edge Technology Systems

    ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

    ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    Is Light-Speed Analog Computing the Future of Technology? – BIOENGINEER.ORG

    Could Light-Speed Analog Computing Transform the Future of Technology?

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
  • Home
  • Business
  • Entertainment
    The Best “Friends” Halloween Episodes That Blend Spooky And Silly In The Perfect Way – Yahoo

    The Best “Friends” Halloween Episodes That Blend Spooky And Silly In The Perfect Way – Yahoo

    MSG Entertainment Takes Radio City Music Hall Into the Future With Introduction of Sphere Immersive Sound – Business Wire

    MSG Entertainment Transforms Radio City Music Hall with Cutting-Edge Sphere Immersive Sound Experience

    Israel’s Entertainment Industry Is Being Targeted by the Left in Hollywood and the Right at Home – The Wall Street Journal

    Inside the Fierce Clash Shaping Israel’s Entertainment Industry: Hollywood vs. Local Voices

    Offset Is Ready To Finalize Divorce With Cardi B for a Major Reason – Yahoo

    Offset Poised to Finalize Divorce from Cardi B for a Major Reason

    Beyond the Stage: 8 Performing Arts Centers Driving Entertainment and Education – Livability.com

    Beyond the Stage: 8 Performing Arts Centers Transforming Entertainment and Education

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

    Row K Entertainment Emerges as Major New Hollywood Buyer With Splashy TIFF Shopping Spree – TheWrap

  • General
  • Health
  • News

    Cracking the Code: Why China’s Economic Challenges Aren’t Shaking Markets, Unlike America’s” – Bloomberg

    Trump’s Narrow Window to Spread the Truth About Harris

    Trump’s Narrow Window to Spread the Truth About Harris

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    Israel-Gaza war live updates: Hamas leader Ismail Haniyeh assassinated in Iran, group says

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    PAP Boss to Niger Delta Youths, Stay Away from the Protest

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Court Restricts Protests In Lagos To Freedom, Peace Park

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Fans React to Jazz Jennings’ Inspiring Weight Loss Journey

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Science
  • Sports
  • Technology
    4J schools trying out new electronic hall pass technology – Lookout Eugene-Springfield

    4J Schools Unveils Cutting-Edge Electronic Hall Pass System to Transform Student Experience

    China outlines more controls on exports of rare earths and technology – fox40.com

    China Unveils Tougher Restrictions on Rare Earth and Technology Exports

    Wisconsin Dairy Leads the Way with Cutting-Edge Technology Systems

    ENERCON and Biome collaborate for wind turbine noise reduction technology – Yahoo Finance

    ENERCON and Biome Join Forces to Revolutionize Wind Turbine Noise Reduction

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    US and investors gambling on unproven nuclear technology, warn experts – Financial Times

    Is Light-Speed Analog Computing the Future of Technology? – BIOENGINEER.ORG

    Could Light-Speed Analog Computing Transform the Future of Technology?

    Trending Tags

    • Nintendo Switch
    • CES 2017
    • Playstation 4 Pro
    • Mark Zuckerberg
No Result
View All Result
Earth-News
No Result
View All Result
Home News

Breitbart Business Digest: Debate Showed Biden Still Trapped in His Old Economic Lies

June 29, 2024
in News
Breitbart Business Digest: Debate Showed Biden Still Trapped in His Old Economic Lies
Share on FacebookShare on Twitter

Biden Lives in a World of Economic Lies

President Biden demonstrated again last night that he is completely untethered from the truth about the American economy and unprepared to discuss the nation’s economic challenges.

All the public opinion surveys show that inflation is the top issue for voters, so it was natural that the CNN moderators of last night’s debate led off with a question on inflation. Yet Biden seemed to be taken by surprise by the question, unprepared for what should have been the most practiced line of inquiry during his debate preparation sojourn at Camp David this week.

“President Biden, inflation has slowed, but prices remain high. Since you took office, the price of essentials has increased. For example, a basket of groceries that cost $100, then, now costs more than $120. And typical home prices have jumped more than 30 percent,” CNN’s Jake Tapper asked. “What do you say to voters who feel they are worse off under your presidency than they were under President Trump?”

Tapper’s question was well-stated. The consumer price index (CPI) for “food at home”—known as groceries to those of us who do not work in the Bureau of Labor Statistics—is up 20.8 percent since Biden took office, the biggest increases over a similar time period since the early 1980s. Home prices have soared.

What’s more, voters do think economic conditions have worsened. Polls routinely find that more than forty percent of Americans say the economy is worse now than when Trump was in office, with half as many saying it has improved. The most recent survey for the New York Times by Sienna College found 79 percent of the public rate the economy as “fair” or “poor,” versus 21 percent who give it good marks.

Flashback to 2020’s Lies About the Economy

Biden’s response was to return to the malarkey he peddled back on the campaign trail in 2020.

“We’ve got to take a look at what I was left when I became president, what Mr. Trump left me. We had an economy that was in free fall. The pandemic was so badly handled,” Biden said. “The economy collapsed. There were no jobs. The unemployment rate rose to 15 percent. It was terrible.”

The economy was not in anything like a free fall in early 2021. The economy had suffered a serious downturn in 2020 when the pandemic struck, with gross domestic product falling at a 5.3 percent annual rate in the first quarter and then nosediving at a 28 percent rate in the second quarter.

But then we experienced what Larry Kudlow, then Donald Trump’s chief economic adviser, called a “v-shaped recovery.” In the third quarter of 2020, the economy grew at a 34.8 percent annual rate. In the fourth quarter, it grew 4.2 percent. When Biden took office, the economy was growing at a 5.2 percent annual rate.

The economy was not in a free fall but had been ascending into orbit at escape velocity for three consecutive quarters. The economic rescue plans put together by the Trump administration and supported across the aisle in Congress, together with the Fed’s stimulative monetary policy, combined with the reopening of the economy and the public’s rejection of the stay-home forever attitude of the far left had created truly explosive growth.

President Donald Trump takes questions from the press at a coronavirus update briefing on March 14, 2020, at the White House. (Official White House Photo by Shealah Craighead via Flickr)

Biden at the time denied any of this was happening, and the establishment media went along with his mendacity, supporting the claim that the economy was in ruins because of how Trump had handled the pandemic. Never mind that Biden never quite got around to explaining how anything he would have done differently would have lessened the contraction or ameliorated the rise in unemployment. Indeed, the stricter lockdown and social distancing policies favored by most Democrats would surely have made the economic downturn even worse.

Caught in the Web of Mendacity

But because Biden had campaigned on the lie of an economy in ruins, his administration could not allow the economy to continue to recover on its own. That would have amounted to an acknowledgement that Trump’s policies had worked. So, another huge round of stimulus became a political necessity.

President Joe Biden, joined by Vice President Kamala Harris, House Speaker Nancy Pelosi (D-CA), and Senate Majority Leader Chuck Schumer (D-NY), delivers remarks on the American Rescue Plan on March 12, 2021, at the White House. (Official White House Photo by Adam Schultz via Flickr)

A more prudent president would have gone with a small program that might have provided some stimulus as a kind of insurance policy against a double-dip recession, just enough extra funding to allow his administration to claim credit for the recovery. But the Biden White House went for trillions in spending, beginning with the reckless $1.9 trillion American Rescue Plan, that even prominent liberal economists warned would throw us into an inflation crisis.

What America learned last night is that Biden is still attached to the false narrative of a Trump-ruined economy—and therefore still blind to what caused the inflation crisis. Given this detachment from reality, it is no wonder that Americans do not trust Biden’s economic stewardship.

>>> Read full article>>>
Copyright for syndicated content belongs to the linked Source : Breitbart News – https://www.breitbart.com/economy/2024/06/28/breitbart-business-digest-debate-showed-biden-still-trapped-in-his-old-economic-lies/

Tags: Breitbartbusinessnews
Previous Post

Nasdaq expects more China IPOs despite regulatory logjam

Next Post

Democrat Sen. Bob Casey Has Ties to Super PAC that Trump Campaign Accused of ‘Election Interference’

Salesians in Kenya Set to Roll Out Comprehensive Integral Ecology Plan to End “piecemeal” Approach – aciafrica.org

Salesians in Kenya Launch Bold New Plan to End Fragmented Approach to Integral Ecology

October 10, 2025
From refugee to Nobel: Yaghi hails science’s ‘equalising force’ – The Hindu

From refugee to Nobel: Yaghi hails science’s ‘equalising force’ – The Hindu

October 10, 2025
The “Silent Killer” Doesn’t Have to Be Silent: How Laboratory Science Is Changing the Story – Dark Daily

The “Silent Killer” Speaks Up: How Laboratory Science Is Transforming the Narrative

October 10, 2025
Mbappe credits Madrid lifestyle for helping him reset mentally and physically – Reuters

Mbappe credits Madrid lifestyle for helping him reset mentally and physically – Reuters

October 10, 2025
4J schools trying out new electronic hall pass technology – Lookout Eugene-Springfield

4J Schools Unveils Cutting-Edge Electronic Hall Pass System to Transform Student Experience

October 10, 2025
Six Pack of college football picks, predictions: Alabama vs. Missouri, Oregon vs. Indiana in spotlight – CBS Sports

Six Can’t-Miss College Football Showdowns: Alabama vs. Missouri and Oregon vs. Indiana Steal the Spotlight

October 10, 2025

High Five: The rest of the world’s top upcoming qualifiers – The New York Times

October 10, 2025
Donald Trump’s fortress economy is starting to hurt America – The Economist

How Donald Trump’s Fortress Economy Is Starting to Hurt America

October 10, 2025
The Best “Friends” Halloween Episodes That Blend Spooky And Silly In The Perfect Way – Yahoo

The Best “Friends” Halloween Episodes That Blend Spooky And Silly In The Perfect Way – Yahoo

October 10, 2025
Board of Health Meeting – City of Somerville (.gov)

Inside the Latest Somerville Board of Health Meeting: Key Updates and Decisions

October 10, 2025

Categories

Archives

October 2025
M T W T F S S
 12345
6789101112
13141516171819
20212223242526
2728293031  
« Sep    
Earth-News.info

The Earth News is an independent English-language daily published Website from all around the World News

Browse by Category

  • Business (20,132)
  • Ecology (861)
  • Economy (881)
  • Entertainment (21,754)
  • General (17,517)
  • Health (9,923)
  • Lifestyle (894)
  • News (22,149)
  • People (882)
  • Politics (891)
  • Science (16,092)
  • Sports (21,382)
  • Technology (15,862)
  • World (864)

Recent News

Salesians in Kenya Set to Roll Out Comprehensive Integral Ecology Plan to End “piecemeal” Approach – aciafrica.org

Salesians in Kenya Launch Bold New Plan to End Fragmented Approach to Integral Ecology

October 10, 2025
From refugee to Nobel: Yaghi hails science’s ‘equalising force’ – The Hindu

From refugee to Nobel: Yaghi hails science’s ‘equalising force’ – The Hindu

October 10, 2025
  • About
  • Advertise
  • Privacy & Policy
  • Contact

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

No Result
View All Result

© 2023 earth-news.info

Go to mobile version