White House Sends Out Error-Laden Economy ‘Fact Sheet’ On Eve Of SOTUDiana Glebova
White House Correspondent
February 06, 2023 10:34 PM ET
The White House sent out a misleading “fact sheet” about the economy on Monday, one day before President Joe Biden is set to address the American people in the State of the Union.
The “fact sheet,” entitled “The Biden Economic Plan Is Working,” lays out how the Biden administration has shown economic “progress” over the past two years — a topic the president aims to highlight in his Tuesday night speech. Despite Biden declaring an economic victory over the deficit, a “manufacturing boom” and winning against “Big Pharma,” several of the “facts” are misleading claims.
“In the last two years, the Administration cut the deficit by more than $1.7 trillion—the largest deficit reduction in American history. The President believes we need to continue that progress—and reward work, not wealth,” the statement reads.
The deficit largely fell because of the expiration of COVID-19 funding, not due to the Biden administration’s efforts, Check Your Fact reported.
“Eighty percent of that $1.8 trillion or so falling deficit is because of expiring or waning COVID relief. The remaining 20% you can explain by economic changes, including a stronger than expected economy and especially higher inflation which leads to higher tax revenue,” Marc Goldwein, senior vice president and senior policy director for the Committee for a Responsible Federal Budget (CRFB), told Check Your Fact in a phone interview in September.
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https://dailycaller.com/2023/02/06/white-house-error-laden-economy-fact-sheet-eve-sotu/