joe biden
\n<\/h3>\n
Biden releases first White House visitor logs, but some will remain secret
\n<\/h2>\n
Snarky Biden snaps at reporter who asked about mask use: ‘I’m worried about you’
\n<\/h2>\n
Based on Biden’s performance so far, there’s trouble ahead for Democrats
\n<\/h2>\n
GOP’s problem isn’t Liz Cheney and other commentary
\n<\/h2>\n
Economists expected the country to add 1 million jobs in April. It added just 266,000 \u2014 a sign that Bidenomics is kicking in and already becoming a dangerous drag on the economy.<\/p>\n
The Bureau of Labor Statistics also revealed Friday that the unemployment rate rose slightly, from March\u2019s 6 percent to 6.1 percent. Its jobs report was a stunning blow after March saw 770,000 jobs added.<\/p>\n
But it shouldn\u2019t come as a complete shock: President Joe Biden\u2019s determination to grow government on the backs of business, and thus consumers, was going to hit growth at some point. <\/p>\n
Without question, part of the problem is the $300 weekly federal supplement to unemployment benefits, which Biden\u2019s nearly $2 trillion COVID \u201crelief\u201d package extended all the way until Sept. 6. A University of Chicago study found that 42 percent of those receiving unemployment checks are making more from the government than they did at the jobs they lost, without even including health-insurance aid for the unemployed.<\/p>\n
But the prez refuses to take any responsibility \u2014 and even threatens to send more \u201chelp.\u201d<\/p>\n
\u201cDo you believe enhanced unemployment benefits had any effect on diminishing a return to work in some categories?\u201d a reporter asked Friday; Biden responded, \u201cNo, nothing measurable.\u201d His Treasury secretary, Janet Yellen, agreed, saying it wasn\u2019t a \u201cmajor factor.\u201d Both admitted, though, that businesses are having trouble filling jobs.<\/p>\n
Of course they are. How many people would jump at a 40-hour workweek when they can get the same or more sitting on the couch? Gotham restaurants have struggled to fill positions, and they say it\u2019s thanks to the extended benefits. \u201cThe stimulus plan is being completely undermined by the unemployment program,\u201d Philippe Massoud, CEO of Manhattan\u2019s Lebanese eatery Ilili, told The Post.<\/p>\n
Not that Biden\u2019s stimulus helped matters: The US future inflation gauge is at a three-decade high, and consumers are already seeing higher prices in everything from baby products to groceries to cars. That\u2019s what happens when you throw money into the economy willy-nilly, as Biden has done (and plans to do much more). The M2, a key measure of the money supply, is up by 25 percent over last year.<\/p>\n