New York Post

Joe Gaslights on Jobs

-

Just three days after declaring his disastrous Afghan operation that abandoned Americans and allies an “extraordin­ary success,” President Biden tried more gaslightin­g, insisting that the grim news that the nation added a half-million fewer jobs than expected last month was “more evidence of the progress of our economy” under his leadership.

And, just as in Afghanista­n, he’s sticking to his course, though Bidenomics clearly seriously threatens the already-fragile recovery.

America gained just 235,000 jobs in August, the Bureau of Labor Statistics reports, way off economists’ projection­s of 720,000 and a huge dive from July’s 1.05 million.

The prez painted it as good news. “The Biden plan is working . . . . I’ve added more jobs than any first-year president.” That’s no big score when a once-in-a-century pandemic slammed economies worldwide and the last guy’s program brought vaccines to market in record time just before you took office.

Biden did admit “some wanted to see a larger number today, and so did I,” but, as with everything else, he took no responsibi­lity for the consequenc­es of his policies.

“There’s no question the Delta variant is why today’s jobs report isn’t stronger,” he deflected. But Delta hasn’t brought last year’s mass lockdowns and layoffs; job openings remain at record levels.

Employers squarely put the blame on Biden’s business-busting bills. His COVID “relief” package, passed in March with no GOP votes, extended the $300 weekly federal unemployme­nt bonus to September and threw another $1.9 trillion into an economy that had gained trillions the year before.

The result? Soaring inflation — consumer prices up 5.4 percent year over year, the largest jump since August 2008 — that’s accelerati­ng as employers can’t fill 10 million job openings despite 8 million unemployed.

Biden crowed Friday, “Wages are up, especially for working-class Americans.” But inflation more than consumes those gains: Average hourly earnings are up 4.3 percent over a year ago (when the pandemic was still in full swing), but prices are up 5.4 percent.

August’s 5.2 percent jobless rate is nowhere near the 3.5 percent of pre-COVID February 2020. And Biden seems determined to keep it high: Friday, he encouraged states to use unspent federal funds to extend the expiring jobless benefits. And he pushed his $4.7 trillion spending plans, to be paid for in part with job-killing tax hikes, in part with further-inflationa­ry new debt.

No one can stop Biden from denying reality, but Congress must stop his agenda before he pushes America back into recession.

Newspapers in English

Newspapers from United States