On 7/8/2022, during his remarks from the White House , President Joe Biden aid his “economic plan is moving this country in a better direction,” which just isn’t true.
On 7/8/2022, during the White House press briefing, a reporter pressed White House press secretary Karine Jean-Pierre, “I know in the past few weeks you’ve had questions … on inflation — everything that goes wrong with the President. Is there anything — or can you list a few things that are going right for this President at this moment?”
JEAN-PIERRE: Well, I would point you to the jobs numbers today. We saw 375,000 jobs in this past month. While we understand what the American public is going through at this time, that is a good sign. That is a good sign for the economy … All of those things are very important as we talk about moving this historic economic recovery into a transition so that we can really truly deal with inflation. And so I think these numbers — and you heard the President talk about that. He listed all of the — all of the items that I just listed in — at the top of his speech … We understand there’s more work to be done. But a lot of that that we are seeing is because of the work that this President has done … But again, we have more work to do, and we will continue to do that work on behalf of the American people.
On 7/8/2022, President Joe Biden’s Secretary of Labor Marty Walsh said he is “not at the table” on whether to remove tariffs on China, during a segment on Bloomberg’s “Bloomberg Markets: The Open” with Jonathan Ferro.
On 7/8/2022, Former President Barack Obama advisor Jason Furman said wage growth is “way down,” during a segment on CNBC’s “Squawk Box” with Joe Kernen, Becky Quick, and Andrew Ross Sorkin. Furman said you see a “real slow down” in wage growth. Furman said there are many indicators showing a slowing economy and inflation.
On 7/8/2022, Former Moody’s economist John Lonski said “wages are lagging” and it is hurting consumers, during a segment on Fox Business’s “Morning with Maria” with Maria Bartiromo.
On 7/8/2022, during a segment on CNN’s “New Day” with John Berman and Brianna Keilar, CNN’s Rahel Solomon reported that wage gains are getting outstripped by surging inflation and how it is a “vicious cycle” for workers. CNN’s Zain Asher said, “the name of the game is inflation.”
On 7/8/2022, During a CNBC panel, Nada Eissa said the labor force participation rate “doesn’t bode well” for supply chains, during a segment on CNBC’s “Squawk Box” with Joe Kernen, Becky Quick, and Andrew Ross Sorkin
CNN: With Wages Outpaced By Inflation, Americans Tell CNN, “It’s Getting Crazy,” “I’m Over It”
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Biden says economic plan better direction. But wages lagging, wage growth way down, slowing economy & inflation.