Biden needs to stop playing games.
On Monday, President Biden used Twitter as a platform to promote his economic policies and highlight the impact of “Bidenomics” on workers’ wages in the past two years. However, his self-praise was quickly challenged by fact-checkers on Twitter who pointed out an error in his statement.
According to Fox, In his tweet, the president claimed that real wages for the average American worker are currently higher than they were before the pandemic, with the biggest gains observed among lower-wage workers. Twitter’s Community Notes fact checked Biden hard and added context to inform readers that the tweet contained a factual error.
According to the note, on March 15, 2020, when the COVID-19 lockdowns began in the United States, real wages adjusted for inflation were $11.15. As of July 16, 2023, real wages adjusted for inflation stood at $11.05. The Twitter note clarified that real wages adjusted for inflation remain lower, not higher, than before the pandemic.
Numerous users commented on the tweet, highlighting that inflation has reached a historically high level during the Biden administration. The Republican Party also responded by stating that real wages have declined by 3% since Biden assumed office.
In a separate instance, President Biden previously claimed in June that he had reduced the deficit by $1.7 trillion, a statement deemed “highly misleading” by the Washington Post and subject to scrutiny by other fact-checkers. He also praised the impact of the new 988 suicide hotline, which was enacted into law by former President Trump. Additionally, Twitter’s Community Notes revealed that Biden has never publicly supported universal healthcare or Medicare for All, and has indicated that he would veto bills proposing such a system.
President Biden’s positive remarks about his economic policies coincide with his intention to seek re-election in 2024. In recent weeks, he has been traveling to various locations, including Maryland, Illinois, and New York, where he has delivered speeches and attended campaign receptions to promote “Bidenomics” and its alleged effects.
Critics, however, hold a different view. EJ Antoni, a research fellow for the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, referred to “Bidenomics” as a failure characterized by 40-year-high inflation, significant drops in labor productivity, sluggish economic growth, escalating credit card debt, rising interest rates, declining labor force participation, burdensome regulations, falling real incomes, excessive government spending, borrowing, and money printing. Desmond Lachman, a senior fellow at the American Enterprise Institute, added that their spending habits are contributing to the current problems, stating that they have temporarily lowered unemployment by overstimulating the economy, but are now facing inflationary challenges.
LOOK:
Right now, real wages for the average American worker is higher than it was before the pandemic, with lower wage workers seeing the largest gains.
That’s Bidenomics.
— President Biden (@POTUS) July 16, 2023