ALTERNATE REALITY: Experts astonished by Biden's boasting on economy. Read what they're saying:
Economic experts are calling out President Biden for touting the success of Bidenomics and takingBiden spoke to a crowd of union supporters at the Philly Shipyard in Philadelphia Thursday as"I'm not here to declare victory. We got a long way to go in the economy," Biden said."I'm here to say we have more work to do. We have a plan that's turning things around pretty quickly. Bidenomics is just another way of saying ‘restore the American dream.
Forbes Media Chairman Steve Forbes said Friday he was"amazed" by the administration’s rhetoric on the economy.A year ago, Joe Biden was calling himself the deficit cutter, the deficit slasher. This year, two and a half times the deficit is what it was a year ago," he told"He says he's bringing down inflation, still twice what it was when he came into office and those prices are not coming down, just the rate of increase is coming down.
, claiming credit for bringing down inflation, slashing the federal budget by $1.7 trillion and creating 13 million new jobs. In June, Biden made the same claim about cutting the deficit by $1.7 trillion, which The Washington Post rated"highly misleading." Voters also have their doubts; Biden had a 60% disapproval rating on the economy in Fox News' June poll, which was a 7% improvement from the prior year.
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