On Friday, President Later on Biden stood in front of the planet and regurgitated so many is situated that one has to wonder if their speechwriter borrowed Hunter’s tube.
For starters, Biden suggested that “ families are holding less debt ” and “ their average savings are upward ” since he took office, adding that “ more Us citizens feel financially comfortable. “
Nope – the personal savings rate has plummeted, while outstanding (revolving) consumer credit has sharply risen since January 2021.
Meanwhile, a May study from the American Psychological Organization revealed that Americans are more stressed out regarding money than ever .
“ Eighty-seven percent of Americans stated that inflation and the rising expenses of everyday goods is what’s driving their stress, ” said Vaile Wright, senior director of health care advancement at the American Psychological Organization.
Biden also wheeled out the particular “ Putin price hike” meme that even the Washington Write-up accepted Americans “ aren’t really buying. ”
Biden’s option? Inject more income into the economy!
Biden also held responsible Congress for inflation .
What’s the solution? Clean energy!
Biden also had taken credit for the 8. 7 million jobs ‘ added’ to the economy since he or she took office – which were of course caused by government-mandated lockdowns.
When mentioned Elon Musk’s recent “ super bad feeling” concerning the US economy, Biden mentioned “ Lots of luck on his trip to the moon. ”