President Biden, in his latest attempt to promote his economic policies, took to Twitter to boast about the supposed positive impact of “Bidenomics” on workers’ wages over the past two years. However, his self-praise was short-lived as Twitter fact-checkers swiftly intervened, declaring that his claim “contains a factual error.” It seems that even social media platforms are not immune to calling out misleading statements.
According to Biden’s tweet, real wages for the average American worker are currently higher than pre-pandemic levels, with lower-wage workers reaping the largest gains. He proudly attributed these results to his economic approach. However, Twitter’s Community Notes added a crucial context for readers, stating that the tweet’s claim about real wages was factually incorrect.
To provide clarity, Twitter noted that when the COVID-19 lockdowns began on March 15, 2020, real wages adjusted for inflation were $11.15. As of July 16, 2023, those wages stood at $11.05. The fact remains that real wages adjusted for inflation are still lower than they were before the pandemic, despite the president’s claims to the contrary.
It’s no surprise that several Twitter users commented on the tweet, pointing out that inflation has skyrocketed to a historic high under the Biden administration. Inflation erodes the value of our hard-earned dollars, making it more challenging for families to make ends meet and undermining economic stability.
The Republican Party promptly responded to Biden’s misleading tweet, stating that since he took office, real wages have actually decreased by 3%. This sharp decline is a cause for concern, especially when the president continues to make misleading statements about the state of our economy.
This is not the first time Biden’s statements have come under scrutiny. In June, he claimed to have cut the deficit by $1.7 trillion, a statement rated as “highly misleading” by The Washington Post and other fact-checkers.
Furthermore, Biden tried to take credit for the new 988 suicide hotline, which was actually signed into law by former President Trump. It is disheartening to see a president trying to capitalize on someone else’s achievements for political gain.
Twitter’s Community Notes also shed light on Biden’s stance on healthcare. Despite his claims that healthcare is “a right, not a privilege,” he has never publicly supported universal healthcare or Medicare for All. In fact, he has suggested that he would veto bills implementing such systems. It is essential to hold our leaders accountable for their promises and not let them twist the truth for their own benefit.
As Biden seeks re-election in 2024, he has been traveling across the country, peddling his so-called “Bidenomics” and its alleged impact. However, economists and voters remain unconvinced. Experts have equated Biden’s economic policy to excessive spending and inflation, which have resulted in a myriad of negative consequences for hardworking Americans.
EJ Antoni, a research fellow for the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, described Bidenomics as a “failure,” highlighting the alarming statistics that reveal an economy plagued by high inflation, dropping labor productivity, and rising government debt.
It is clear that Biden’s economic policies have not lived up to his lofty promises. The American people deserve a leader who prioritizes their economic well-being and works towards sustainable growth, rather than relying on short-term fixes that only exacerbate the underlying problems.
In conclusion, it is imperative to question the accuracy of President Biden’s claims regarding our economy. The reality is that real wages have not recovered to pre-pandemic levels, inflation is running rampant, and our economic future remains uncertain.
As passionate Republican voters, it is crucial that we stay informed, hold our leaders accountable, and support policies that promote long-term economic stability and prosperity for all Americans.
Source Fox News