According to the report released this Friday, job growth was the fastest in history. “More people are working in the United States today than before the (Covid-19) pandemic began,” the President said in a White House address.
In fact, Biden pointed out, more people are working than at any time in the country’s history.
Data showed the United States added 528,000 jobs and the unemployment rate fell to 3.5 percent in July.
Although these numbers are “impressive,” according to The Hill newspaper, many Americans are feeling the economic pain of the highest inflation in generations.
According to experts, the President will be embarrassed to take advantage of the political dividends of these statistics in the midst of such an inflationary situation.
“I know it’s hard to feel comfortable creating jobs when you already have a job and you’re struggling with rising prices, food and gas prices and so many other things. I understand,” he admitted.
However, he noted that the Senate is close to approving the sweeping climate and tax bill, dubbed the Anti-Inflation Act.
Rep. Kyrsten Sinema (Democrat of Arizona) announced last night that she has reached an agreement with Senate Majority Leader Charles Schumer (Democrat of New York).
The pact could pave the way for the Blues to pass their budget adjustment package, which would be a victory for the White House.
However, the proposed legislation is only a reduced part of what was originally the Build Back Better plan, then considered by the President himself to be his star piece.
Along the way, unsuccessful negotiations and internal divisions among Democrats themselves have diluted Build Back Better, leaving important social programs behind.
The current $740 billion package will be debated and voted on in the House of Lords plenary tomorrow.
Biden also lashed out at former President Donald Trump without giving his name, as he almost always does, by claiming his administration has managed to reduce deficits.
For the current executive mansion resident, “the days of exploding government deficits are over,” and he explained that he’s lost a record $1.7 trillion.
With less than 100 days to go before the midterm election scheduled for Nov. 8, Democrats are keen to find incentives to convert votes if voter dissatisfaction with Biden’s management is at very low levels.
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