Reporter Asks Biden Spox: “How Is Bidenomics Not An Era Of High Inflation And Rising Unemployment?”

#shorts On 6/27/2023, a reporter asked White House Deputy Press Secretary Olivia Dalton, “The Federal Reserve says inflation is double what the Federal Reserve would like to see, and they believe the unemployment rate will go to 4.1 percent. So, how is Bidenomics not an era of high inflation and a rising unemployment rate?”

MS. DALTON: Well, take a look at where we started and where we are now. That’s the easiest answer to your question … And today, as a consequence of that, we see record low unemployment; record new small business starts; inflation that, again, is lower than any other major economy in the world. And we’re — we’re making progress.

Reporter: But we’re seeing layoffs, specifically talking about the auto industry. For example, Ford is saying they’re laying off workers to afford the cost of the transition to EV. The first quarter of this year, Ford lost $700 million on their EV program, lost $600 million last year. So, is that what we can expect with Bidenomics, then?

MS. DALTON: Well, I would just say, looking across the economy broadly, we’re seeing signs of progress … And so, certainly, we believe that, broadly, we are on the right track here, that Bidenomics is having a tremendous impact.

other clips of this published longer video is here: <a href=“https://youtu.be/E4jiQkuo5jA\” rel=“nofollow”>https://youtu.be/E4jiQkuo5jA

Reporter Asks Biden Spox: “How Is Bidenomics Not An Era Of High Inflation And Rising Unemployment?”

Key Points

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So, how is Bidenomics not an era of high inflation and a rising unemployment rate
DALTON: Well, take a look at where we started and where we are now
That’s the easiest answer to your question