In a recent op-ed for The Wall Street Journal, President Biden predicted job growth will likely stall as Americans focus on making ends meet due to record-setting inflation. In the op-ed, Biden was careful to blame everyone but himself for the current inflation rates draining American bank accounts. Biden specifically blamed it on Russian President Vladimir Putin’s invasion of Ukraine.
The Daily Wire reports:
But Biden, who has taken credit for job creation that some economists say is simply an economy recovering from the COVID-19 pandemic, said it’s time to “transition” to a phase that will produce lower job creation in order to reduce inflation.
“I ran for president because I was tired of the so-called trickle-down economy. We now have a chance to build on a historic recovery with an economy that works for working families,” Biden wrote. “The most important thing we can do now to transition from rapid recovery to stable, steady growth is to bring inflation down.”
“During this transition, growth will look different. We will likely see fewer record job-creation numbers, but this won’t be cause for concern. Rather, if average monthly job creation shifts in the next year from current levels of 500,000 to something closer to 150,000, it will be a sign that we are successfully moving into the next phase of recovery — as this kind of job growth is consistent with a low unemployment rate and a healthy economy,” Biden wrote.
The president also claimed, “I’ve done what I can on my own to help working families during this challenging time — and will keep acting to lower costs where I can — but now Congress needs to act too.” Biden called on Congress to “help right away by passing clean energy tax credits and investments” and urged lawmakers to move on his proposals to lower the cost of housing, prescription drugs and child and elder care.
Biden’s lack of accountability is truly astounding, the President also targeted “ultra-MAGA Republicans” as a major driver for high inflation rates.