When Joe Biden first became President, he promised that 200,000 jobs would be created. Survey says…THAT was a lie. In reality, instead of increasing, the job market has plunged by 301,000, making this the first time since January 2020, that job growth is in the negative.
Interesting that while there are 301,000 less jobs available, there is currently a labor shortage that is affecting every industry in America because of Biden’s vaccine mandates.
Companies cut jobs in January for the first time in more than a year as the spread of the Covid omicron variant appeared to hit hiring, payroll processing firm ADP reported Wednesday.
Private payrolls fell by 301,000 for the month, well below the Dow Jones estimate for growth of 200,000 and a marked plunge from the downwardly revised 776,000 gain in December. It was the first time ADP reported negative job growth since December 2020.
The pandemic-sensitive leisure and hospitality industry was responsible for more than half of the decline, as companies reported a drop of 154,000. Trade, transportation and utilities cut 62,000 while the other services category declined by 23,000.
During the Trump administration, even liberal networks couldn’t deny the exceptional job growth that happening. Trump and his America First policies, saw companies bringing back their factories to the United States, seizing back manufacturing from China, who was dominating the world market.
Of course, Democrats are only in tune with running economies into the ground and President Biden is no exception. It’s now reported that the U.S national debt, has skyrocketed over $30 trillion according to data released by the Treasury Department.
Michael Peterson, head of the Peter G. Peterson Foundation, told the Times, “Hitting the $30 trillion mark is clearly an important milestone in our dangerous fiscal trajectory,”
“For many years before Covid, America had an unsustainable structural fiscal path because the programs we’ve designed are not sufficiently funded by the revenue we take in,” he added.
Trump was the last president to reduce the deficit and he did it in his first year in office. Of course, after that, the Federal Reserve started to raise rates, making it impossible to pay back the debt because of the interest.
Once Biden was installed, the Federal Reserve suddenly put its rates back to zero, however, this obvious favoritism did nothing but reduce the time it took for the debt to get to where it is now.
On top of the growing inflation, devastated supply chains and rising crime across the country, Joe Biden is about to plunge the United States into another war, this time though, it will be World War Three.
Relations between Ukraine and Russia are still tense and the Biden administration’s insistence on meddling between the two nations–that have nothing to do with us–are only making matters much worse.
As the disastrous first year ends and moves into year two, there is not much hope that Biden or his witless advisors, will be able to pull America out of the hole they have dug.