We noted the gray clouds in Friday's jobs report. The Republican National Committee, which obviously has an upcoming election to win, likewise sees some things to hammer Joe Biden for:
BIDEN'S ECONOMY IS FAILING AMERICANS
- Today's jobs report doesn't change anything about the grim economic reality for struggling families.
- Americans are leaving the labor force, workers' wages are not keeping up with inflation, and Biden's agenda is making it worse.
- Biden inherited a robust recovery and is turning it into stagflation – even Biden's own economists are warning of a recession.
- The American people can see just how bad things are and are overwhelmingly blaming Biden as a result.
- A recent CNN poll found 66 percent of Americans now disapprove of Biden's handling of the economy.
- The same poll found that Americans view the nation's economy as the worst it has been in a decade
- According to the latest CNBC poll, only two percent of Americans view the economy as "excellent" while a majority view the economy as "poor."
WORKERS ARE BEING LEFT BEHIND BY BIDEN
- There are still 1.1 million Americans who lost their job during the pandemic and have yet to get it back.
- The unemployment rates for Black men, Asians, Americans without a high school diploma, and Americans who attended some college all increased.
- Biden's policies are creating a worker shortage at a time when many Americans are desperate to get back to work.
- There are 11.5 million job openingsthat businesses are struggling to fill– a record high – even though there are 5.9 million unemployed Americans trying to find a job.
- 1.7 million workers were unable to work in April because their employer was closed or had lost business because of the pandemic.
- 47 percent of small business owners say there are job openings they cannot fill – more than double the 48-year historical average.
SMALLER PAYCHECKS, HIGHER PRICES
- Americans are suffering under Biden's agenda which led to the highest inflation in 40 years.
<ul>
<li>Biden's own <a href="https://twitter.com/RNCResearch/status/1521917197857210371">economic team</a> has admitted that his failed policies fueled inflation, and <a href="https://www.youtube.com/watch?v=fSnciOzpTYM">liberal</a> <a href="https://www.nytimes.com/2022/04/14/opinion/interest-rates-inflation-federal-reserve.html">economists</a> have blasted his inflationary agenda.</li>
</ul>
</li>
<li>Bidenflation is shrinking workers' paychecks as key inflation indicators <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fgop.com%2Frapid-response%2Fanother-inflation-indicator-another-40-year-high%2F&data=05%7C01%7CSFeigelson%40gop.com%7C233b7a9a11e5431200c308da2eb7d105%7C4a082c81950a410d9618462a9c74d6ae%7C1%7C0%7C637873664261875726%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=yDsQaX2pVsEHK1dV9V7pOT98bsUz%2Bxr03Nsf1qHnTgg%3D&reserved=0">show higher prices are here to stay</a>.
<ul>
<li>Under Biden's failed economy, a <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.businessinsider.com%2Famericans-expect-finances-worsen-inflation-wage-growth-university-michigan-sentiment-2022-3&data=05%7C01%7CSFeigelson%40gop.com%7C233b7a9a11e5431200c308da2eb7d105%7C4a082c81950a410d9618462a9c74d6ae%7C1%7C0%7C637873664261875726%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=HDYeeKrE3VsRVK5INapknRc7MlJPz%2FkEFDw4ff9YXDM%3D&reserved=0">record number of Americans</a> expect their finances to worsen over the next 12 months.</li>
</ul>
</li>
<li>A new National Federation of Independent Business (NFIB) <a href="https://www.nfib.com/content/press-release/economy/new-nfib-survey-surging-inflation-remains-a-major-problem-for-small-businesses/">survey</a>shows inflation is now the number one problem for small businesses.</li>
<li>On top of rising prices, there's no relief in sight from the "<a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fwww.reuters.com%2Fworld%2Fus%2Fus-supply-chain-too-snarled-biden-christmas-fix-experts-say-2021-10-14%2F&data=05%7C01%7CSFeigelson%40gop.com%7C233b7a9a11e5431200c308da2eb7d105%7C4a082c81950a410d9618462a9c74d6ae%7C1%7C0%7C637873664261875726%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=VCiKck3VsPWrwfpQPefQZgMKyAc3eXfBxBnFfJhkPr8%3D&reserved=0">snarled</a>" supply chain crisis that's happening on Biden's watch.</li>
<li>Under Biden, <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fgasprices.aaa.com%2Fstate-gas-price-averages%2F&data=05%7C01%7CSFeigelson%40gop.com%7C233b7a9a11e5431200c308da2eb7d105%7C4a082c81950a410d9618462a9c74d6ae%7C1%7C0%7C637873664261875726%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=YoJNN%2FK30B4BUqGzlNQa%2F%2F5HQnnZquXwzCPL2G4Nc38%3D&reserved=0">34 states have hit new record</a> high gas prices, and <a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fgasprices.aaa.com%2Fstate-gas-price-averages%2F&data=05%7C01%7CSFeigelson%40gop.com%7C233b7a9a11e5431200c308da2eb7d105%7C4a082c81950a410d9618462a9c74d6ae%7C1%7C0%7C637873664261875726%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=YoJNN%2FK30B4BUqGzlNQa%2F%2F5HQnnZquXwzCPL2G4Nc38%3D&reserved=0">in 35 states</a>, Americans are paying average prices above $4 per gallon.</li>
REPUBLICAN-LED STATES ARE DRIVING JOB GROWTH
- Biden deserves no credit for jobs that have been created – he paid Americans not to work for months and stifled economic growth.
<ul>
<li><a href="https://nam11.safelinks.protection.outlook.com/?url=https%3A%2F%2Fgop.com%2Frapid-response%2Fdire-600000-fewer-jobs-created-in-2021-than-biden-promised%2F&data=05%7C01%7CSFeigelson%40gop.com%7C233b7a9a11e5431200c308da2eb7d105%7C4a082c81950a410d9618462a9c74d6ae%7C1%7C0%7C637873664261875726%7CUnknown%7CTWFpbGZsb3d8eyJWIjoiMC4wLjAwMDAiLCJQIjoiV2luMzIiLCJBTiI6Ik1haWwiLCJXVCI6Mn0%3D%7C3000%7C%7C%7C&sdata=J9gUTOJRWgYWlHeV38etk1pe%2FYcx7R3TwGxqXWyUDi8%3D&reserved=0">250,000 fewer jobs</a> were created in 2021 than what Biden promised.</li>
</ul>
</li>
<li>Republican-led states are the ones creating jobs and leading the economic recovery.
<ul>
<li>Through March, <a href="https://www.bls.gov/news.release/pdf/laus.pdf">9 of the top 10 states</a> for jobs recovered since the pandemic began are led by Republican governors.</li>
<li><a href="https://www.bls.gov/web/laus/laumstrk.htm">20 of the top 25 states with the lowest unemployment rates</a> are led by Republican governors.</li>
</ul>
</li>
ECONOMISTS ARE RAISING RECESSION CONCERNS
- Biden spent $1.9 trillion last year, only to see the economy worsen in the following months.
<ul>
<li>Americans have seen a stifled economy and job growth, while fueling <a href="https://www.cnbc.com/2022/04/12/consumer-prices-rose-8point5percent-in-march-slightly-hotter-than-expected.html">historic inflation</a>, <a href="https://www.cnn.com/2022/04/29/economy/inflation-worker-compensation/index.html">falling wages</a>, and a <u><a href="https://twitter.com/RNCResearch/status/1499413870879854596?s=20&t=YVPS7i1diVXCoSflvnwMIA">declining standard</a></u> of <u><a href="https://twitter.com/RNCResearch/status/1499439758401019906">living for Americans</a></u>.</li>
<li>The U.S. economy <a href="https://www.cnbc.com/2022/04/28/us-q1-gdp-growth.html">shrank 1.4 percent</a>on an annualized rate last quarter – well below economists' expectations</li>
</ul>
</li>
<li>The Biden administration promised inflation would be "<a href="https://twitter.com/RNCResearch/status/1491811016249856007?s=20&t=9ycQKIXuL4IAHJptk3Bplw">temporary</a>" and "<a href="https://twitter.com/RNCResearch/status/1463251530694410244?s=20&t=YVPS7i1diVXCoSflvnwMIA">transitory</a>," yet inflation has only <a href="https://www.cnbc.com/2022/04/12/consumer-prices-rose-8point5percent-in-march-slightly-hotter-than-expected.html">gotten worse</a>.</li>
<li>Now Biden is saying he is "<a href="https://twitter.com/RNCResearch/status/1519707602246062081">not concerned about a recession</a>" despite his own <a href="https://twitter.com/RNCResearch/status/1522216127530618887">economists</a> <a href="https://twitter.com/RNCResearch/status/1519409151377616898?s=20&t=9oFWGs7atFyR6NVGa0h0QQ">warning of a recession</a>.
<ul>
<li>Biden's Labor Secretary Marty Walsh said "<a href="https://twitter.com/RNCResearch/status/1519409151377616898">it is a real likelihood</a>" the United States will have a recession.</li>
<li>Biden's economic adviser Jared Bernstein <a href="https://twitter.com/RNCResearch/status/1522216127530618887">refused to rule out</a> a recession.</li>
</ul>
</li>
BIDEN WANTS MORE IN INFLATIONARY SPENDING DESPITE A LOOMING RECESSION
- Biden continues to propose trillions in new spending which will further increase prices and raise taxes on hardworking Americans.
- Biden recently released a $5.8 trillion out-of-touch budget that will increase the national debt and waste trillions of taxpayer dollars on a far-left wish list.
- Economists across the political spectrum agree more wasteful government spending will only fuel further inflation.
- If Biden's budget were adopted, the national debt would reach a new recordby the end of the decade, growing by over $15 trillion.
- Under this budget, the national debt would spike to about $347,000 per household, totaling $45 trillion.
- Biden's budget will slam hardworking Americans with 36 tax hikestotaling "$2.5 trillion in new or increased taxes."
- On top of Biden's trillion-dollar spending spree, Biden is still attempting to pass his radical Build Back Broke agenda which he falsely claims will "lower inflationary pressures on the economy."
Originally posted here. - Numerous economists have warned that more spending could lead to even higher inflation which will make life harder for poor and middle-class Americans.
