Biden’s final speeches of the midterm election cycle spun the country’s economic gains and warned about Republican plans for Social Security and Medicare. Here are fact-checks of his closing argument.
On Nov. 5, Obama and Biden, who won the presidency and vice presidency as a ticket twice, traveled to Philadelphia to back the Democratic nominee for an open Pennsylvania Senate seat, Lt. Gov. John Fetterman, and the party’s gubernatorial nominee, Attorney General Josh Shapiro. One day later, Biden traveled to Bronxville, New York, to boost incumbent Democratic Gov. Kathy Hochul.
"This is literally evidence that Biden was handed something on a golden platter," Douglas Holtz-Eakin, president of the American Action Forum, a center-right think tank,. "This recovery from a deep recession would have happened no matter who was president." During 2020 and 2021, the federal government’s spending skyrocketed as both the Trump and Biden administrations tried to ease the pandemic’s economic blow. The moves included enacting stimulus payments, extending unemployment insurance, instituting business operation grants and increasing public health spending. The second caveat for Biden’s remark is that the federal debt is not lower today than it had been, but rather that it has not gone up as fast as it would have otherwise.
"Do you know what their No. 1 priority is if they win? They are saying it out loud. They want to get rid of the power we gave Medicare to negotiate drug prices."in September. The bill would repeal the Inflation Reduction Act’s provisions that allow Medicare to negotiate lower prices with drugmakers on some medications.
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