Fact checking Biden's press conference

GROWTH. >> TODAY WE CREATED 6 MILLION NEW JOBS, MORE JOBS IN ONE YEAR THAN ANY TIME BEFORE. UNEMPLOYMENT DROPPED, UNEMPLOYMENT RATE DROPPED TO 3.9%. MARIA: TURNS OUT IT WAS A NATURAL REBOUND AFTER THE STEEPEST JOB LOSSS IN 2020 BECAUSE OF THE PANDEMIC AND DAGEN, PROBABLY THE BIGGEST ISSUE IN THE JOBS MARKET RIGHT NOW IS AN INCREDIBLY TIGHT LABOR FORCE WHERE 4 MILLION PEOPLE DROPPED OUT OF THE WORKFORCE IN NOVEMBER BECAUSE THEY DON'T WANT TO GO BACK TO WORK, THEY HAVE GOTTEN USED TO GETTING GOVERNMENT CHECKS. DAGEN: JOE BIDEN SHOULD STOP BRAGGING. THIS COUNTRY IS STILL 3.6 MILLION JOBS SHORT OF PRE-PANDEMIC EMPLOYMENT AND WHEN ADJUSTING FOR INFLATION, 40 YEAR HIGH INFLATION, WAGES IN THIS COUNTRY FELL 2.4% LAST YEAR. SO PEOPLE ARE MAKING LESS MONEY BECAUSE PRICES HAVE SKYROCKETED AND IT'S NOT THE SUPPLY CHAIN THAT'S THE PROBLEM. HE FAILED TO TAKE ANY OWNERSHIP OVER A GOVERNMENT POLICY FUELING INFLATION. SO THAT WAS ANOTHER LIE. MARIA: WELL, EXACTLY. HE CLAIMED HIS OVER $1 TRILLION BUILD BACK BETTER PLAN, WHICH WAS ACTUALLY CLOSE TO $5 TRILLION, HE SAID IT'S ACTUALLY GOING TO ALLEVIATE INFLATION. WATCH THIS. >> BOTTOM LINE, IF PRICE INCREASES ARE WHAT YOU'RE WORRIED ABOUT, THE BEST ANSWER IS MY BUILD BACK BETTER PLAN. MARIA: PENN WHARTO NSAID IT WILL STOKE INFLATION EVEN MORE. MARK, WE KNOW THE DEFINITION OF INFLATION, TOO MANY DOLLARS CHASING TOO FEW GOODS AND AFTER THAT $1.9 TRILLION COVID PACKAGE IN 2020, INFLATION WAS ON THE RUN. WE'RE TALKING ABOUT 40-YEAR HIGHS. >> I HAVE ABSOLUTELY NO IDEA HOW HE COULD STAND THERE AND SAY THAT GIVING PEOPLE MORE MONEY, TRILLIONS AND TRILLIONS OF DOLLARS OF ADDITIONAL MONEY IS GOING TO HELP COMBAT INFLATION. I MEAN, IT'S PRETTY OBVIOUS, HIS TAKE ON THE WHOLE SITUATION IS INFLATION'S GOING TO RUN RAMPANT BUT I'M GOING TO GIVE PEOPLE MORE MONEY TO COUNTERACT IT. HE REALLY HAS NO SOLUTION FOR INFLATION AT ALL AND HE ACCEPTED ZERO RESPONSIBILITY ON THE INFLATION SIDE OF THINGS. IMMEDIATELY PINNING ALL THE BLAME ON THE FED. YEAH, ABSOLUTELY RIGHT, PRESIDENT BIDEN. I MEAN, TRILLIONS OF DOLLARS IN FISCAL STIMULUS OVER THE COURSE OF THE LAST FEW YEARS HAD ZERO IMPACT ON INFLATION. SO MARIA, YOU'RE RIGHT, I MEAN, WE ALL KNOWS THAT WHEN YOU GIVE PEOPLE MORE MONEY, WHEN YOU PRINT MORE MONEY, THERE'S WAY MORE DOLLARS CHASING FEWER GOODS AND THAT LEADS TO INFLATION. AND IT'S GOING TO CONTINUE UNTIL WE ACTUALLY STOP GIVING PEOPLE MORE MONEY AND THE FED HAS TO RAISE RATES. ACTUALLY, YOU NEED TO ATTACK IT FROM BOTH SIDES OF THE EQUATION. MARIA: IT EVEN GOES BEYOND THAT BECAUSE IN HIS FIRST DAY IN OFFICE OR SECOND DAY IN OFFICE, HE CANCELED THE XL PIPELINE, MAKING AMERICA DEPENDENT ON OUR ADVERSARIES LIKE RUSSIA, IRAN, FOR OIL. BUY P DEN'S ENERGY -- BIDEN'S ENERGY POLICY

Channel: Fox Business

Views: 196,193

Keywords: Biden, Biden admin, Biden administration, Biden economy, Biden infrastructure law, Biden presidency, Biden press briefing, Biden press conference, Biden remarks, Build Back Better plan, FOX Business, FOX Business Network, Joe Biden, Maria Bartiromo, Mornings with Maria, President Biden, White House, bipartisan infrastructure law, business, economy, inflation, news, politics, US economy 2022, Federal Reserve, Biden agenda, Democratic agenda, Democrats

Id: NV632KZtI-c

Length: 3min 27sec (207 seconds)

Published: Thu Jan 20 2022