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White House: Biden’s ‘Economic Strategy’ Has Put U.S. In A ‘Stronger Position Than Any Other Country’

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Despite the United States economy entering a recession and suffering from record high inflation, President Biden’s administration is claiming that his “economic strategy” has put the United States in a “stronger position than any other country.”

President Biden made the claim earlier this week during a meeting of his Competition Council, saying, “The United States of America is in a stronger position than any other country to navigate these global challenges, period.”

On Wednesday, White House Press Secretary Karine Jean-Pierre doubled down on the claim during a press briefing.

A reporter stated Biden’s claim and then asked, “Have concerns about a potential recession increased, in the President’s mind given what we’re seeing globally?”

“Here’s what I will say — and the President talked about this a little bit on Monday during his — during his event,” Jean-Pierre replied. “So, he wants the American people to know: Because of American’s resilience and the economic strategy that we have pursued for the past 19 months, the United States of America is a stronger position than any other country to navigate these global challenges.  And that’s just period.  That’s the way we see it.  That’s the way his economic team sees it.”

“And that’s because jobs are up, incomes are up, people are back at work.  And American manufacturing is roaring back up to — close to 700 thousand — thousand new jobs just this past 19 months,” she added.

It should be noted that Americans’ incomes have actually fallen sharply when adjusted for inflation. According to a report from the Bureau of Labor Statistics, due to prices rising 8.3% over the last year, the “Real average hourly earnings decreased 2.8 percent, seasonally adjusted, from August 2021 to August 2022. The change in real average hourly earnings combined with a decrease of 0.6 percent in the average workweek resulted in a 3.4-percent decrease in real average weekly earnings over this period.”

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