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President Biden defended his administration by stating that inflation was low and that “pink states” had been ruining their very own economies.
Biden spoke with MSNBC host Lawrence O’Donnell for the ultimate interview along with his administration earlier than formally leaving workplace on Monday. The 2 mentioned many matters, together with Biden’s dealing with of the economic system and the specter of inflation.
The president dismissed criticism of his dealing with of inflation, saying the choice was job losses.
President Biden mentioned many matters surrounding his administration with MSNBC host Lawrence O’Donnell. (MSNBC screenshot)
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Biden dismissed warnings from economists like Larry Summers that his COVID stimulus spending would trigger extra inflation, in any other case claiming that “the one approach to take care of inflation is to create unemployment and one other recession.”
“However guess what? I used to be completely satisfied. Give the American individuals an opportunity. They may go the additional mile and get the job completed if you happen to give them an opportunity. Look what they’ve completed. They’ve put a taken a step additional,” he stated. stated. “I by no means believed that we could not have a comfortable touchdown. We have had a comfortable touchdown. Inflation is all the way down to virtually 2% and there is a lot happening.”
The Ministry of Labor stated this on Wednesday inflation rose by 2.9% in December, up from 2.7% in November and the very best charge since July 2024.
Biden then claimed that the pink states had “screwed up” themselves and wanted extra funding in them than the blue states.
“And look, then again, Lawrence, I received plenty of criticism. Comprehensible. We have now invested extra in pink states than in blue states… for 2 causes. First, the pink states actually screwed up when it comes to how they dealt with their issues. economic system and the way in which they deal with manufacturing, the way in which they deal with entry to provide chains,” Biden stated.
A majority of People nonetheless rated the economic system as solely “honest” or “poor” in a brand new Fox Information survey. (Photographer: Ting Shen/Bloomberg through Getty Photos)
Studies have proven this to be the case Republican-led states comparable to Florida and Texas recovered a lot sooner than blue states after the pandemic.
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A brand new Fox Information ballot Thursday discovered that just about twice as many individuals suppose the Biden administration has made the economic system worse relatively than higher: 52% versus 28%. Moreover, almost all voters, 89%, say they’re extraordinarily or very involved about inflation — up from 83% initially of Biden’s time period.
In keeping with the Ministry of Labor, inflation rose 2.9% in December, up 0.2% from November. (istock)
70% of voters say the economic system is in unhealthy form, with six in 10 Democrats agreeing the economic system was in solely honest or poor form.
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Fox Information’ Dana Blanton contributed to this report.
Lindsay Kornick is an affiliate editor for Fox Information Digital. Story ideas could be despatched to lindsay.kornick@fox.com and on Twitter: @lmkornick.
Biden defends inflation coverage, saying in newest interview that ‘pink states have actually ruined their economies’
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