By CHRIS ENLOE | October 25, 2022
Fox News reporter Jacqui Heinrich on Monday directly called out the Biden administration’s repeated falsehoods about the economy. As election season heated up, President Joe Biden has claimed repeatedly that his policies have resulted in record deficit reduction and a record number of jobs created. But the truth is that deficit reduction and job creation are a result of the economy returning to pre-pandemic normalcy.
Regarding deficit reduction, the CBO has explained:
CBO projects that the federal budget deficit will shrink to $1.0 trillion in 2022 (it was $2.8 trillion last year) and that the annual shortfall would average $1.6 trillion from 2023 to 2032. The deficit continues to decrease as a percentage of gross domestic product (GDP) next year as spending related to the coronavirus pandemic wanes …
Meanwhile, despite Biden’s claim that he has created 10 million jobs, that job growth is related to people returning to the workforce. Those are not newly created jobs. In fact, as of the latest jobs report, there are only 514,000 more jobs today than in February 2020 before the pandemic.
After pointing out the facts — that Biden has neither lowered the deficit nor created millions of jobs — Heinrich asked White House press secretary Karine Jean-Pierre why Americans should take Biden seriously.
“How are people supposed to take this kind of messaging, on their most important issue, seriously when some of this feels like smoke and mirrors?” she asked.
Jean-Pierre, however, did not answer Heinrich’s question, but instead stumped for Biden and Democrats. She claimed the American Rescue Plan (which economists agree overheated the economy) “put us in a place where the economy turned back on” and attacked Republicans for opposing Biden’s inflationary agenda. Jean-Pierre even claimed, despite the CBO’s own explanation, that Biden’s policies are responsible for deficit reduction.
“None of his programs have actually reduced the deficit,” Heinrich fact-checked. “It just happened on its own.”
Oddly, Jean-Pierre repeated her claims, though she cited zero evidence, and then attacked Republicans for passing tax reform five years ago.
“What is one thing [Biden] did that reduced the deficit?” Heinrich pressed.
And with that, Jean-Pierre abruptly shut down Heinrich’s questioning and moved on to the next reporter.