‘Prices up across the board!’ US President’s economy boasts debunked as Bidenomics ‘not as rosy as it seems'

‘Prices up across the board!’ US President’s economy boasts debunked as Bidenomics ‘not as rosy as it seems'

WATCH NOW: Joe Biden's economic state debunked by radio host

GB News
Georgia Pearce

By Georgia Pearce


Published: 16/01/2024

- 18:15

Donald Trump secured his first primary win in Iowa, taking 51 per cent of the vote

US President Joe Biden has been criticised for his economic prospects for America, as the Republican primaries get underway in Iowa.

Donald Trump secured a resounding win in the first 2024 Republican presidential contest in Iowa on Monday.


Trump took 51 per cent of the vote, with Ron DeSantis taking second place with 21 per cent, and Nikki Haley securing 19 per cent.

Despite facing many criminal charges, the former President is getting closer to an election rematch with current POTUS Joe Biden.

Dan O'Donnell

Dan O'Donnell hit out at Joe Biden's economic progress since taking office

GB News

Latest figures show that US inflation has grown to five per cent since 2021, an increase of nearly four per cent compared to Trump's inflation rate of 1.4 per cent.

However, unemployment rates almost halved under Biden's government, seeing a plummet from Trump's 6.4 per cent to Biden's 3.5 per cent.

Speaking to GB News, radio host Dan O'Donnell hit back at host Mark Dolan's claims that Biden's economic plan is "working".

He slammed the President's 'Bidenomics' and stated that things are "not as rosy as it seems".

O'Donnell told GB News: "The jobs numbers have been revised downward every single month that they were first reported in 2023. Every single one.

"Moreover, we still don't have inflation down to the two per cent total, even though the Federal Reserve raised interest rates faster and higher than they had in decades. This is leading to a massive housing crisis where nobody wants to move."

O'Donnell revealed: "Since Biden took office. Prices are up across the board by 11, 12, 13 per cent, and I would posit that a big reason that the labour market is appearing to be as strong as it is, is because people are being forced to take second and sometimes third jobs in the gig economy just to pay for the lifestyle that they had grown accustomed to.

"This is why you see this big disconnect between Democrats saying Bidenomics is working, and people who are actually living in this economy saying, wait, 'I'm paying way more than I did just a couple of years ago'."

Joe Biden

US President Joe Biden is campaigning to run for his second Presidential term in November

Reuters

Fellow GB News guest and American Attorney Robert Patillo shared his thoughts in response to O'Donnell, and argued that Biden has "put America back to work" since taking over from Trump.

Patillo hit back at O'Donnell: "Donald Trump was a socialist president. He ran up $8trillion in debt. He had a $2tn tax cut that was never paid for.

"He was literally sending people checks in order for them not to work.

"And so once you have two or three years of people getting used to under Trump, not working, not going to school, being able to stay home and receive a $600 check, a $1,400 check, people have to get pulled back off that teat."

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