President Biden is dealing with pushback from fact-checkers over a up to date speech he delivered in Virginia in regards to the financial growth his management has made all over his tenure within the White House.
Speaking on the Steamfitters Local 602 in Springfield on Thursday, Biden made a couple of claims concerning the present state of the financial system that experience fact-checkers — from each CNN and the House Ways and Means Committee — sounding the alarm.
Following his remarks, CNN reporter Daniel Dale, who works to fact-check political claims for the opening, accused Biden of creating “false and misleading claims.”
“Some of Biden’s claims in the speech were false, misleading or lacking critical context, though others were correct,” Dale wrote in a work analyzing Biden’s remarks.
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Topping the record of fact-checks from Dale was once Biden’s declare that his management has “funded 700,000 major construction projects – 700,000 all across America,” which the White House has admitted isn’t the case.
“Biden’s ‘700,000’ figure is wildly inaccurate; it adds an extra two zeros to the correct figure Biden used in a speech last week and the White House has also used before: 7,000 projects,” Dale wrote, noting that the White House altered Biden’s transcript from the speech to replicate the correct quantity.
Dale additionally took intention at Biden for his declare that “only 3.5 million people had been — even had their first vaccination” when former President Donald Trump left workplace in January 2021.
The precise quantity individuals who had won their first shot towards COVID-19 when Trump left workplace in January 2021 was once about 19 million, in keeping with Centers for Disease Control and Prevention information. The 3.5 million determine refers to people who had won two rounds of the shot.
Biden additionally confronted scrutiny from CNN over his declare that billionaires “pay virtually only 3% of their income now – 3%, they pay,” a remark that was once later walked again through the White House.
“Biden’s ‘3%’ claim is incorrect. For the second time in less than a week, Biden inaccurately described a 2021 finding from economists in his administration that the wealthiest 400 billionaire families paid an average of 8.2% of their income in federal individual income taxes between 2010 and 2018,” Dale wrote. “After CNN inquired about Biden’s ‘3%’ claim on Thursday, the White House published a corrected official transcript that uses ‘8%’ instead.”
Pointing to feedback made through Biden about federal debt beneath Trump and that his management “cut the deficit by $1.7 trillion, the largest reduction in debt in American history,” Dale insisted that it is “highly questionable” how a lot of the credit score Biden merits.
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“Biden’s boast leaves out important context. It is true that the federal deficit fell by a total of $1.7 trillion under Biden in the 2021 and 2022 fiscal years, including a record $1.4 trillion drop in 2022 — but it is highly questionable how much credit Biden deserves for this reduction,” Dale wrote. “Biden did not mention that the primary reason the deficit fell so substantially was that it had skyrocketed to a record high under Trump in 2020 because of bipartisan emergency pandemic relief spending, then fell as expected as the spending expired as planned. Independent analysts say Biden’s own actions, including his laws and executive orders, have had the overall effect of adding to current and projected future deficits, not reducing those deficits.”
In addition to CNN, Republicans at the House Ways and Means Committee centered Biden’s remarks from Thursday with a fact-check, claiming that the president “did not let the facts get in the way of his speech in Springfield.”
“While Biden claimed the economy is growing strong, the latest report on economic growth reveals that the economy under his Administration’s policies has fallen short of expectations on seven out of the last eight economic growth reports,” the committee wrote. “In fact, the entirety of 2022 was worse for economic growth than expected. And even more trouble lies ahead, according to the latest Leading Economic Index report.”
Listing 5 fresh “misleading” claims from the president that the committee discovered fault with, the Republicans wrote: “President Biden has been making inaccurate accusations about Republicans and fearmongering to scare seniors when Republicans have been clear we are not going to touch their retirement security. Biden has also been making Medicare and Social Security worse off — not protecting them. Medicare premiums have risen for seniors since 2020, while Biden’s ongoing inflation crisis has pushed Social Security further towards insolvency.”
Biden lately confronted grievance from FactTest.org over claims he had made relating to unemployment all over his speech on the U.S. Conference of Mayors’ iciness assembly final week.
During the speech, in keeping with FactTest.org, Biden “botched a statistic on the number of people receiving unemployment benefits, misidentifying them simply as the number of people ‘out of work.’”
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“His comment leaves the false impression that unemployment declined by more than 16 million people on his watch, when the decline was actually under 5 million,” the nonprofit site concluded. “And a big reason for the large decline in unemployment benefits is the expiration of pandemic-related expansions of such benefits.”
“Two years ago this week, 18 million people were out of work — two years ago this week,” Biden mentioned on the convention. “Now the — that number is under 1.6 million, near the lowest level in decades.”
“The White House transcript notes that the line drew applause,” FactTest.org said. “But it’s not accurate. According to the Bureau of Labor Statistics, the number of people ‘out of work’ — or officially unemployed — in the U.S. in January 2021 was about 10.2 million, and the number in December 2022 was 5.7 million.”