The President defused the complaint about how he treated inflation by saying the option of losing a job.
President Biden has many people surrounding his management with MSNBC host Lawrence O’Donnell. (Screenshot MSNBC)
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Rejecting warnings from economists like Larry Summers that his COVID stimulus spending would cause more inflation, Biden claimed otherwise “the only way to deal with inflation is to create unemployment and another recession.”
“But guess what? I must have been convinced. Give other Americans a chance. They’ll come in and do the homework if you give them the chance. Look what they did. They’ve stepped up at every primary company,” he says, “I never thought we couldn’t have a comfortable landing. We had a comfortable landing. Inflation is down by almost 2%, which is going down a lot. ”
The Labor Department said Wednesday that inflation rose from 2. 9% in December, to 2. 7% in November and the highest rate since July 2024.
Biden continued to affirm that red states have “messy” and want more investments in them than the blue states.
“And look, the other thing, Lawrence, I had many criticisms. Naturally. We have invested more in the red states than in the blue states. They manage manufacturing, how they manage access to the chains of origin,” said Biden.
Most Americans have constantly described the economy as only “fair” or “poor” in a new Fox News survey. (Credit: Ting Shen/Bloomberg Getty Images)
Reports have that states led by Republicans such as Florida and Texas have recovered much faster than blue states after pandemic.
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On Thursday, a new Fox News poll showed about twice as many people who think Biden’s management has made the economy worse than better, 52% compared to 28%. What’s more, nearly all voters, 89%, say they do. are incredibly or very invested in inflation, compared to 83% at the start of Biden’s term.
Inflation increased 2. 9% in December, 0. 2% more than in November to the Labor Department (Istock)
70% of the electorate say the economy is in poor condition, six in 10 Democrats agree that the economy is fair or in poor condition.
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Fox News’ Dana Blanton contributed to this report.
Lindsay Kornick is an associate editor at Fox News Digital. story can be posted on lindsay. kornick@fox. com and on Twitter: @lmkornick.
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