FactChecking the State of the Union
Facts And Fact Checking,State Of The Union,Wages,Joe Biden,Economy And Jobs,Inflation,Healthcare,Medicare,Social Security
President Joe Biden put his spin on some facts, particularly about the economy, in his Feb. 7 State of the Union address:
Biden boasted that the 12.1 million jobs created in his first two years were more than the number of jobs added in four years under any president. But that job growth was fueled by a post-pandemic recovery that started under his predecessor, and his comparison doesn’t account for population growth.
The president said “take-home pay has gone up,” which is true, but the rise is not as fast as inflation. “Real” weekly earnings, which are adjusted for inflation, have gone down.
Biden said he has cut the deficit by a record $1.7 trillion, but most of that was due to expiring emergency pandemic spending.
He said “no president added more to the national debt in any four years” than his predecessor, Donald Trump, and that “nearly 25% of the entire national debt” was added by Trump. It’s accurate, but trillions of dollars of the accumulated debt under Trump were due to bipartisan coronavirus relief packages.
Biden said “for too many decades, we imported projects and exported jobs,” but now “we’re exporting American products and creating American jobs.” In fact, U.S. imports of goods and services have continued to exceed exports under Biden.
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