reason10 Posted July 17, 2023 Report Posted July 17, 2023 https://www.foxnews.com/politics/biden-called-out-factual-error-bidenomics-tweet-boasting-wage-levels Biden called out for 'factual error' in 'Bidenomics' tweet, after boasting about wage levels President Biden took to Twitter Monday to tout his economic policies and the impact "Bidenomics" was having on workers' wages over the last two years. His self-praise was short-lived, however, as Twitter fact-checkers said it "contains a factual error." "Right now, real wages for the average American worker is higher than it was before the pandemic, with lower wage workers seeing the largest gains," the president wrote on Twitter. "That's Bidenomics." Twitter’s Community Notes added context for readers that said: "The tweet’s claim about real wages contains a factual error." "On 3/15/20 when US COVID lockdowns began real wages adjusted for inflation (AFI) were $11.15. As of 7/16/23 real wages AFI are $11.05," the Twitter note continued. It added: "Real wages AFI remain lower (not higher) than before the pandemic." Here are the FACTS: "Bidenomics has been defined by 40-year-high inflation, record drops in labor productivity, anemic economic growth, growing credit card debt, rising interest rates, insipid labor force participation, onerous regulation, falling real incomes, and runaway government spending, borrowing, and printing of money," EJ Antoni, a research fellow for the Heritage Foundation’s Grover M. Hermann Center for the Federal Budget, told Fox News Digital. "Distilled down to a single word, Bidenomics means ‘failure.’" "They spend like drunken sailors — that is what’s causing problems," Desmond Lachman, a senior fellow at the American Enterprise Institute, told Fox News Digital. "It’s easy to get unemployment down for a short period of time, but it’s difficult for a long period of time. The way they got it down so much is by overstimulating the economy, but now they have inflation." Biden is the worst thing that ever happened to the American working taxpayer. Maybe in the next election, you folks can pay a little more attention to the vote counting. 1 Quote
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