On 10/27/2022, Joe Biden traveled to Syracuse, New York to deliver remarks on Micron’s plan to invest in CHIPS manufacturing. After Biden’s speech, Chuck Schumer said, “well what a great speech, does that show what the America we stand for? is absolutely thank you President Biden.” During his speech, Biden said, “Let’s just take a look at the facts. When I took office, the economy was in ruins. My predecessor was the first President since Hebert Hoover — not a joke — to lose jobs in the entirety of his administration.” “I took action to ease the burden of student debt for millions of working- and middle-class families” “My friends on the right, Republic- — they crit- — they criticized the move. But I’m never going to apologize” “And even though my Republican friends in Congress seem to be hoping for a recession — many of them — present company excluded — ” “Under the Republican plan, some big corporations are going to go back to paying zero again. That’s the plan. I would argue it’s reckless and irresponsible, and it will make inflation worse if they succeed.”
Biden brags about deficit reduction , “I don’t want to hear about “big-spending Democrats” creating the deficit. Let me give you the facts: The very deficit reduction the Republicans voted against when they opposed the Inflation Reduction Act, this year — this year the deficit, under our leadership, is falling by $1.4 trillion. (Applause.) Let me say it again: This year alone, the deficit is down $1.4 trillion. And my first year in office, the deficit fell — one year — one year by $350 billion. Ladies and gentlemen, the largest ever one-year cut in American history on the deficit — cut the deficit in half. As I said, this follows a historic drop of $350 billion last year. And we’re going to reduce the deficit by another $250 billion over the next — the next decade. Why? A big part of that is because corporations are finally going to have to pay something: a 15 percent minimum tax.”
Biden said, “gas prices are declining,” before Midterm, he released U.S. emergency oil reserves. Biden falsely claimed gas was over $5 per gallon when he took office in January 2021, “And because of the actions we’ve taken, gas prices are declining. We’re down $1.25 since the peak this summer, and they’ve been falling for the last three weeks at well — as well. That’s adding up to real savings for families. Today, the most common price of gas in America is $3.39 — down from over $5 when I took office. ” Gas was $2.39 per gallon when Joe Biden took office in January 2021.
Biden also claimed “the price of inflation is down, real incomes are up, and the price of gas is down.” Inflation is 8.2% and real wages have been wiped out by rising prices. “And although it may not feel like it for everyone, people’s incomes went up last quarter more than inflation went up. And enough growth — (applause) — so economic growth is up; the price of inflation is down; real incomes are on — are up; and the price of gas is down. Folks continue to spend”
Joe Biden called Sen. Kirsten Gillibrand “Kristen” three times in a row, “And a close-to-hometown girl, a senator from Upstate New York, Kristen Gillibrand. She gets things done. I learned a long time ago: When Kristen calls and asks something, just get — just say yes. Just do it right away, because you’re going to do that anyway. So, good being with you, kid. And, look, it’s a hell of a delegation. I think it’s one of the best delegations in the country. And Chuck is a great Majority Leader. Getting big things done. We wouldn’t be here today — it’s not hyperbole — we would be here today without him. And Kristen’s, as I said — hometown here in Upstate New York. She’s a fighter for the families in this area.”
Biden gets lost after speech, directed to seat by Dem Sen. Kirsten Gillibrand.
https://facebook.com/HygoNewsUSA/videos/1117004112283086
Biden: gas prices over $5 when I took office; Now price of inflation is down, real incomes are up.