dChan - Q Origins Project Archive

Biden confuses debt with deficit, blames press for grim economic news and claims a budget ‘surplus’ in bizarre White House rant

Steven Nelson

WASHINGTON — President Biden criticized the media Friday over the public’s economic concerns and again mixed up the terms “debt” and “deficit” — while also claiming he’s presiding over a federal budget surplus despite actually overseeing the highest non-pandemic annual deficit in US history.

“You all are not the happiest people in the world,” Biden scolded a group of reporters at the White House.

“You turn on the television and there’s not a whole lot about ‘Boy saves dog as he swims in the lake,'” he added. “It’s about ‘Somebody pushed the dog in the lake.’ I mean, I get it.”

After that curious metaphor, Biden went on: “I think that the American people are smart as hell and know what their interests are. I think they know they are better off financially than they were before. It’s a fact. And all that data, all that polling stuff shows they think they’re more positive about the economy than they’ve been.”

The University of Michigan’s monthly consumer sentiment index has tracked a modest uptick in the public’s feelings about the economy, though the figure remains comparable to the aftermath of the Great Recession thanks in large part to stubbornly high inflation and rising interest rates.

President Biden criticized the media Friday over the public’s economic concerns and again mixed up the terms “debt” and “deficit.”

A Marquette Law School poll out this week found that 77% of registered voters rate the economy as “not so good” or “poor,” while 23% say the economy is “excellent” or “good.”

The president was speaking about a stronger-than-expected jobs growth report for September, which showed that the economy added 336,000 positions, increasing the chances of another round of Federal Reserve interest rate hikes, which will cost consumers more on credit card bills and mortgages.

Biden described the jobs report as a positive development for people who have been able to gain employment before attempting to spin the federal balance book as improving as well

https://nypost.com/2023/10/06/biden-blames-press-for-grim-economy-news-claims-surplus-confuses-debt-with-deficit/