Biden Torches Trump During Victory Lap Over Jobs Report: ‘Watching my Predecessor Every Year Increase The Debt…I Said No More’
President Joe Biden celebrated the July jobs report — which surpassed even White House expectations — in a briefing where he highlighted the decreased federal deficit, calling it a welcome departure from the economic policies of former President Donald Trump.
On Friday, the Bureau of Labor Statistics released data from July’s job market showing a gain of 528,000 jobs during the month. Many were stunned by the report, as economists had predicted that the U.S. economy would only gain 250,000 jobs in the July survey.
In the speech, Biden addressed the public from isolation, as he continues to test positive for Covid-19, while wearing his signature aviators.
“Almost 10 million jobs since I took office,” remarked Biden, “That is the fastest job growth in history.” The president added that the U.S. “matched the lowest unemployment rate in America in the last 50 years,” at only 3.5%.
Biden continued to celebrate his administration’s economic victory:
Today there are more people working in America than before the pandemic began. In fact, there are more people working in America than at any point in American history. You know, what we are also seeing is something that just a few years ago, many experts said was literally impossible, the revitalization of American manufacturing. Since I took office, we’ve created 642,000 American manufacturing jobs in America. We’ve seen the biggest and fastest job recovery in American manufacturing history since the ’50s. And some people may have given up on American manufacturing. But the American people didn’t and I know I never did. That is why I made it, “Make it in America,” that phrase, “Make it in America,” the cornerstone of my economic plan. And today’s report proves “Make it in America” is not just a slogan, it is my administration. It is a reality.
The president then reemphasized his administration’s mission to prioritize decreasing the federal deficit, calling out Trump for his spending.
“After watching my predecessor every single year increase the debt,” said Biden, “for the four years that he was in office, I said no more.”
“The days of exploding federal deficits are over and I’ve kept my word,” he continued, boasting that the “deficit is down at a record of $1.7 trillion this year.”
Recently, the Biden administration has been in hot water over fears of a looming economic recession, with just last month inflation hitting a 40-year high.
After the most recent quarterly GDP estimate showed 0.9 percent negative growth — marking the second quarter in a row with a shrinking U.S. GDP — worries about a possible recession increased. Biden pushed back against critics after the report was released, arguing that positive economic indicators paired with the two negative quarters mean that the U.S. is not actively in a recession.
Watch above via CNN
