Joe Biden Added Zero Jobs To The Economy In 2021

Bedeviled by bad news on virtually every aspect of daily life, President Joe Biden and his defenders have focused on one singular achievement: the number of jobs created in 2021.  “We’ve added nearly 6 million jobs this year — the most of any first-year president in history,” said White House spokesperson Jen Psaki just before Christmas. Earlier this month, Speaker of the House Nancy Pelosi (D-CA) encouraged Democrats to “brag more about what we have been doing” in office. The central boast? “President Biden has already produced 6 million jobs. His predecessor was producing 30,000 jobs a month, he’s [Biden] already produced 6 million jobs with his initiatives,” Pelosi told Punchbowl News. The president has repeatedly engaged in economic chest-thumping over his alleged role in generating “more jobs in the first eight months of my administration than any president in American history” — an assertion that Politifact rebuffed in part.

But a new analysis shows that the Biden administration’s economic policies did not add a single job to the U.S. economy in the last year; in fact, they may have cost more than 100,000 jobs. Last February, the Congressional Budget Office estimated the U.S. economy would add an average of 521,000 jobs a month between the fourth quarter of 2020 and the fourth quarter of 2021 — creating a total of 6,252,000 jobs. One year later, data show that the U.S. economy added 6,116,000 jobs during that time period — 136,000 fewer jobs than the CBO estimated. But the CBO based its estimate on the economic policies of the Trump administration; the 6.252 million jobs would have been created if Joe Biden had done nothing, according to Matt Weidinger of the American Enterprise Institute.

Last week, President Biden took notice of total job creation in 2021 and credited his $1.9 trillion stimulus bill, the American Rescue Plan. “We have added 6.4 million new jobs since January of last year — in one year. And that’s one of the most — that’s the most jobs in any calendar year by any president in history,” he boasted on January 7 while bizarrely celebrating the dismal December 2021 jobs report. “How, how, how did that happen? Well, the American Rescue Plan got the economy off its back and moving again, back on its feet.” – READ MORE