According to the new jobs report that was released last week, the economy appears to be struggling.
“The numbers are out, and on the top line they are way worse than expected. Something seems very off: only 266,000 jobs created in April, and the unemployment rate ticked up to 6.1%, according to the report,” reported Bloomberg.
CNBC wrote, “Hiring was a huge letdown in April, with nonfarm payrolls increasing by a much less than expected 266,000 and the unemployment rate rose to 6.1% amid an escalating shortage of available workers. Dow Jones estimates had been for 1 million new jobs and an unemployment rate of 5.8%.”
“Economists were hoping for a figure roughly 1 million jobs larger — making this the biggest miss, relative to expectations, in the history of the payrolls report,” added Axios.
As The Daily Wire reported, “The U.S. Bureau of Labor Statistics said that nearly 10 million Americans, 9.8 million to be exact, remained unemployed in Biden’s economy.”
In bizarre fashion, Biden suggested that this disastrous jobs report actually stands as evidence in favor of his American Rescue Plan and that “more help is on the way.”
“And so, you know, we’re gonna help schools and children, and child centers across the country as well, accelerate the reopening and that’s underway,” Biden said.
“So look, it’s going to continue to improve,” Biden added. “Today’s report makes clear: Thank goodness we passed the American Rescue Plan. Help is here and more help is on the way, and more help is needed.”
BIDEN: "Today’s report makes clear: Thank goodness we passed the American Rescue Plan. Help is here and more help is on the way." pic.twitter.com/pNP4CNoo0k
— Daily Caller (@DailyCaller) May 7, 2021
On Twitter, Biden appeared to pivot on his previously positive rhetoric regarding recovery.
“We’re still digging our way out of a very deep hole,” he tweeted. “No one should underestimate how tough a battle this is. We still have a job to do here in Washington. The American people are counting on us. So, let’s get it done.”
This strategy is not only a Biden classic, it’s the standard Leftist reaction to their own failures. The solution to all problems is “more government,” and when the problems get worse because of “more government,” the cure is even more government.
Biden’s American Rescue Plan was a $1.9 trillion spending bill and stimulus package passed in early March to supposedly speed up the United States’ economic recovery following the pandemic.
On January 20, Biden announced the plan, “laying out the first step of an aggressive, two-step plan for rescue, from the depths of this crisis, and recovery, by investing in America, creating millions of additional good-paying jobs, combatting the climate crisis, advancing racial equity, and building back better than before.”
“As last month’s jobs report underscored, the virus and our economy are intertwined. We cannot rescue our economy without containing this virus,” the Biden announcement stated in January.
The problem for Biden here is that we are — by almost all available metrics — containing the virus. The economy should be recovering as a result. And yet, the jobs report suggests otherwise.
As The Daily Wire noted, “The U.S. Chamber of Commerce directly blamed the Biden administration’s stimulus spending for the worsening economy, saying that he was paying people to not work.”
“The disappointing jobs report makes it clear that paying people not to work is dampening what should be a stronger jobs market,” the U.S. Chamber of Commerce said. “One step policymakers should take now is ending the $300 weekly supplemental unemployment benefit. Based on the Chamber’s analysis, the $300 benefit results in approximately one in four recipients taking home more in unemployment than they earned working.”
It’s becoming clear that COVID-19 is no longer the roadblock to economic recovery in the United States. Instead, that role is being played by Democrats.
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