I Give You My Word. I’m Not Lying

Only someone with a severe credibility issue must inject phrases into their talks to assure you they are telling the truth. I listened to a few minutes of the President’s speech in Chicago on Wednesday, and he used the term “I give you my word” and “I’m not lying” at least five times in the ten minutes I tuned in. I couldn’t take more than ten minutes because I was fact-checking while listening, and the Pinocchios were stacking up. The sad thing was the President was receiving applause for every lie. Think about it. When discussing with friends or colleagues, do you have to remind them you are telling the truth, or do you enjoy a level of credibility with them that truth is assumed and understood? Biden does not possess such a luxury. The American people doubt every word he says and for a good reason. He has a long track record of distorting the truth.

Wednesday was an opportunity for Biden to go into friendly territory. He spoke to union and pro-union people who lapped up every word the President uttered about his infrastructure and economic plan. He boasted that the New York Times gave his economic plan to the moniker, Bidenomics. Within a few weeks, he will claim he came up with the title. After all, plagiarism lives in this man’s soul. Biden’s assistant press secretary introduced the term this week, calling Bidenomics the term of the hour, day, week, month, year, and campaign. That seems to be over-glorifying a plan that only about 30% of Americans believe is good for the country.

Here are the fact checks by the House Republicans of Bidenomics.

FACT CHECK: Recovery Versus Creation

• Nearly 72 percent of all job gains since 2021 were simply jobs that were being recovered from the pandemic, not new job creation. In fact, when looking at today’s economy compared to pre-pandemic levels, employment is up only by 3.7 million, not 13 million.
• On the other hand, in his first 2.5 years, job creation under President Trump was 5 million—1.3 million more jobs than the current President in the same time frame after factoring in the recovery from the pandemic.

BIDEN CLAIM: “(President Biden) proved that a strong recovery and support for households brings more people into the workforce: a higher share of working age Americans are in the workforce now than at any time in more than 20 years and higher than on any day of the prior Administration.” 

FACT CHECK: Labor force participation was stronger under President Trump.

• The labor force participation rate remains 0.7 percentage points lower under Biden than it was when President Trump was in office.
• When adjusting for population gains, nearly 2 million more Americans are on the sidelines today than they were during the previous Administration.

BIDEN CLAIM: Under President Biden, American families are “better off than before the pandemic: Americans have more net worth and higher inflation-adjusted disposable incomes and a lower uninsured rate.”

FACT CHECK: Wages are NOT keeping up with Biden’s inflation crisis. 

• Real wages are down over 5 percent since President Biden entered the Oval Office.
• Since President Biden took office, the average worker has lost over $4,900 in real wages.

BIDEN CLAIM: The White House is “working to bring down the cost of living, including by lowering drug prices. Inflation has come down 11 months in a row.“

FACT CHECK: Inflation is still high and causing economic pain.

• Americans are still feeling the sting of this inflation crisis—prices are up 15.5 percent under Biden.
• Inflation remains over three times higher than just a couple years ago.
• The average family of four is paying $13,717 per year or $1,143 per month more to purchase the same goods and services as in January 2021.

BIDEN CLAIM: “President Biden and Congressional Democrats are delivering historic Investments in America that are creating good jobs around the country and revitalizing our communities.” The President “put policies in place that have contributed to more than $470 billion in private sector investment commitments.”

FACT CHECK: The “historic investments” made by Democrats don’t help the middle class. 

• The “Inflation Reduction Act” enacted by Democrats last year gave $271 billion in tax credits to pay for “green” energy projects that even liberals admit are a boon for the top 1 percent.
• These out of control “green” handouts are going to cost American communities an estimated $1.2 trillion, according to independent analysis by Goldman Sachs, nearly $1 trillion higher than original estimates.
• Companies with over $1 billion in sales receive more than 90 percent of special interest green energy tax subsidies.
• Some analysts estimate that banks and insurers alone receive over half of green energy checks, far more than any other industry or sector.

BIDEN CLAIM: Democrats are “supporting investments that have resulted in 800,000 manufacturing jobs, nearly doubling manufacturing…