President Biden points to January’s employment report as proof of economic strength

InflationMoney MattersAmerican PoliticsHot Spots
Written By Jennifer Joslyn

🇺🇸 President Biden points to January’s employment report as proof of economic strength.

The GOP is pushing back, stating that rampant inflation and prices of household staples like gasoline and groceries are crippling the country. While neither side of the political aisle seems to be harping on the complete picture, economists are conflicted on the issues at hand. The economy is full of “contradictions”, according to Mark Zandi, the chief economist at Moody’s Analytics. In a recent poll, 76% of Americans claim that US economic conditions are “poor” while 24% of adults are calling it “good.”

Read more from AP News ▶

Featured
Americans Are Misjudging Economy, Per Biden Administration
Americans Are Misjudging Economy, Per Biden Administration

A recent Harris poll for The Guardian reveals widespread misconceptions about the U.S. economy. Most Americans (56%) believe the country is in a recession, but it's not

Biden’s Bold Electric Vehicle Push
Biden’s Bold Electric Vehicle Push

President Biden has announced America's strictest vehicle exhaust emissions regulations yet, aiming to push the auto industry towards all-electric cars.

Texas AG Accuses Biden of Aiding Cartels
Texas AG Accuses Biden of Aiding Cartels

Texas Attorney General Ken Paxton accused President Joe Biden of aiding Mexican cartels by halting deportations.

Trump Criticizes UAW President's Endorsement of Biden's EV Vision
Trump Criticizes UAW President's Endorsement of Biden's EV Vision

Former President Trump criticized UAW President Shawn Fain for endorsing President Biden, claiming that Fain lacks an understanding of the automobile industry's future.

Biden Administration Pledges $623 Million for Electric Vehicle Charging Network Expansion
Biden Administration Pledges $623 Million for Electric Vehicle Charging Network Expansion

The Biden administration is injecting $623 million into the nation's electric vehicle charging network, with a focus on disadvantaged communities and freight trucks.

Biden Administration's New EV Tax Credit Rules Impact Eligible Models
Biden Administration's New EV Tax Credit Rules Impact Eligible Models

As of January 1st, the Biden administration's updated rules now have a significantly reduced number of electric vehicle models eligible for the popular $7,500 consumer tax credit.

U.S. President Biden and Chinese Leader Xi Jinping Hold Talks on Range of Disputes
U.S. President Biden and Chinese Leader Xi Jinping Hold Talks on Range of Disputes

U.S. President Joe Biden and Chinese leader Xi Jinping met in San Francisco to discuss various contentious issues, but significant progress was not expected due to longstanding disagreements.

President Biden Announces $16 Billion Investment in Northeast Corridor Rail Upgrades
President Biden Announces $16 Billion Investment in Northeast Corridor Rail Upgrades

The federal government plans to allocate over $16 billion to enhance the Northeast Corridor, the busiest rail line in the country, connecting cities like Washington, New York, and Boston.

Barack Obama Collaborates with Biden Administration on AI Strategy and Oversight
Barack Obama Collaborates with Biden Administration on AI Strategy and Oversight

Former President Barack Obama advised the White House on its strategy for addressing artificial intelligence (AI) over the past five months, collaborating with tech companies and engaging in Zoom meetings with top Biden administration aides.

President Biden Announces Over $5 Billion in Investments for Rural America's Prosperity and Sustainability
President Biden Announces Over $5 Billion in Investments for Rural America's Prosperity and Sustainability

President Biden has unveiled a series of investments totaling over $5 billion as part of his commitment to rural America.

Biden Administration Proposes Gulf of Mexico Oil and Gas Lease Sales Amid Climate Balancing Act
Biden Administration Proposes Gulf of Mexico Oil and Gas Lease Sales Amid Climate Balancing Act

The Biden administration has proposed up to three oil and gas lease sales in the Gulf of Mexico but none in Alaska, aiming to strike a balance between energy production and climate concerns.

Potential UAW Strike Could Force Political Stand on Organized Labor, Including President Biden
Potential UAW Strike Could Force Political Stand on Organized Labor, Including President Biden

A strike by the United Auto Workers (UAW) union against Detroit's major automakers, including General Motors, Ford, and Stellantis, could force politicians, including President Joe Biden, to take a stance on organized labor.

Biden's $250 Billion Initiative includes Cleaning Up the Dirty Legacy of Fossil Fuels
Biden's $250 Billion Initiative includes Cleaning Up the Dirty Legacy of Fossil Fuels

The International Energy Agency predicts that solar investments will reach a staggering one billion dollars per day in 2023, surpassing global investment in oil production for the first time in history.

Biden Vows to Bring Full Battery Supply Chain Home and Boost U.S. Manufacturing
Biden Vows to Bring Full Battery Supply Chain Home and Boost U.S. Manufacturing

During a visit to South Carolina, President Biden emphasized the need to bring critical manufacturing processes, such as semiconductor production and battery supply chains, back to the United States to compete with China.

Early Insights into the 2024 Presidential Campaign
Early Insights into the 2024 Presidential Campaign

With 16 months remaining until Election Day, several key observations have emerged from the early stages of the 2024 presidential campaign.

Biden Administration's Clean Hydrogen Strategy Faces Policy Uncertainties and Investment Hurdles
Biden Administration's Clean Hydrogen Strategy Faces Policy Uncertainties and Investment Hurdles

Biden administration's ambitious clean hydrogen strategy aims to increase domestic production by 400% in less than 30 years.

OOIDA Urges President Biden to Seek New Department of Labor Nominee
OOIDA Urges President Biden to Seek New Department of Labor Nominee

The Owner-Operator Independent Drivers Association (OOIDA) has called on President Joe Biden to find a new nominee to lead the U.S. Department of Labor.

The Chamber of Commerce urges President Biden to designate a mediator in contract negotiations between the PMA and ILWU
The Chamber of Commerce urges President Biden to designate a mediator in contract negotiations between the PMA and ILWU

The U.S. Chamber of Commerce has written a letter to President Joe Biden, urging him to appoint an independent mediator to assist in resolving labor negotiations at West Coast ports.

$570 million in grants will be used to eliminate numerous hazardous rail crossings
$570 million in grants will be used to eliminate numerous hazardous rail crossings

The Biden administration is granting $570 million to address the issue of railroad crossings in 32 states, where longer trains have been causing traffic delays and hindering emergency response.

Gallup poll reveals Americans don't trust Biden or Powell
Gallup poll reveals Americans don't trust Biden or Powell

A new Gallup poll has shown that Americans lack confidence in President Biden, Federal Reserve Chair Jerome Powell, and Treasury Secretary Janet Yellen when it comes to the economy.

Examining potential outcomes: How will the US debt limit standoff conclude?
Examining potential outcomes: How will the US debt limit standoff conclude?

The US is facing a looming debt limit deadline, and both President Biden and House Speaker McCarthy are unwilling to give ground ahead of talks scheduled yesterday.

UAW Delays Endorsement of Biden Due to EV Concerns
UAW Delays Endorsement of Biden Due to EV Concerns

The United Auto Workers (UAW) and their leaders have postponed endorsing President Biden until their concerns regarding the auto industry's shift to all-electric vehicles (EVs) are addressed.

Biden announces reelection campaign
Biden announces reelection campaign

Monday morning, current President Joe Biden announced his run for a second term in office.

China Benefits from Biden's EV Mandates
China Benefits from Biden's EV Mandates

President Biden has set a goal of having two-thirds of new cars be electric by 2032.

Biden’s DOL chief pick faces opposition from 150k truckers in OOIDA
Biden’s DOL chief pick faces opposition from 150k truckers in OOIDA

President Joe Biden has nominated Julie Su for the Department of Labor Secretary, but she is facing massive push-back from the Owner-Operator Independent Drivers Association (OOIDA), a group representing 150,000 truckers.

Biden’s 2023 trade agenda will focus on China’s laborer rights
Biden’s 2023 trade agenda will focus on China’s laborer rights

According to the U.S. Trade Representative’s report on 2023 policy, Chinese worker rights will be a hot topic for the Biden Administration this year.

White House advisor warns that the U.S. has a long road ahead to catch up with China
White House advisor warns that the U.S. has a long road ahead to catch up with China

China currently dominates the rare earth and mineral production market, controlling the lion’s share of 60% globally.

President Biden’s State of the Union Address drew praise and criticism, as expected
President Biden’s State of the Union Address drew praise and criticism, as expected

February 7, 2023, Biden delivered his second State of the Union address to the country. Highlighted were an extremely divided Congress and the reminder that Biden’s approval rating has plummeted during his time in office.

Despite a pro-union White House administration, unionization rates have declined
Despite a pro-union White House administration, unionization rates have declined

According to the Bureau of Labor Statistics, overall US union membership dropped by .2% in 2022, falling from 10.3% in 2021.

European Unions risks transatlantic trade war over clean technology laws
European Unions risks transatlantic trade war over clean technology laws

The Biden Administration’s $500 billion legislation encouraging new spending in the domestic green energy industries may be the final straw for the EU, which unveiled its Green Deal Industrial plan in response.

Jennifer Joslyn
Previous

Does fighting climate change disrupt free trade?
Next

Trafigura reports that 600 tankers transporting Russian fuel are operating globally