“Varney & Co.” host Stuart Varney calls out Biden’s fiery speech on the economy to the AFL-CIO during his latest “My Take,” arguing the president’s “credibility is done” and that the “jig is up.”
STUART VARNEY: The president’s speech to the AFL-CIO was nothing more than political spin.
I think it was dishonest.
That’s putting it nicely.
His statements on the economy and inflation were frankly unbelievable.
He won’t win the confidence of the markets, or the voters, if he’s not honest about the crisis we’re facing.
He said America is doing better than anyone else on inflation.
We have a higher inflation rate than Germany, France, Japan, China, India, Italy and Saudi Arabia!
Where is the president getting all this inaccurate information?
On the economy, he said “20 million Americans had lost their jobs under the last guy.”
That would be Trump, Of course.
He didn’t mention that the whole country was shut down by COVID!
He said he’d “created” 8.7 million “new” jobs in 16 months.
No, you didn’t. That was people going back to the job after the pandemic.
He said families are carrying less debt. Sorry, credit card debt is now exploding.
He doesn’t want to hear any more of what he calls “lies about reckless spending.” “Lies?” It is not a lie to suggest that spending trillions gives you inflation.
He was saying all of this on the day his administration announced a shocking 10% inflation rate in business costs.
A record high for diesel. $5 gas nation-wide. And eye-watering grocery bills! His audience, working people, suffer the most from this inflation.
I think the jig is up. It was a dishonest speech. Voters know it. And the president’s credibility is done.