After the monthly jobs report was released on Friday, President Joe Biden attempted to take a victory lap, claiming to be the cause of the increase in available positions.
However, many individuals such as the Job Creators Network President and CEO Alfredo Ortiz criticized Biden for claiming credit for the economic recovery and highlighted that the unemployment rate increased despite the added jobs.
“We have more jobs available than people to fill them. We need policies that don’t put small businesses in competition with the government for labor,” Ortiz said in a statement.
Since Biden has taken office, the president has set out to use government spending to attempt to induce an economic recovery. His first priority was to pass a $1.9 trillion “relief” package. Further, he has introduced an infrastructure plan that would spend more than $4 trillion.
“If Biden wants to spend money constructively, he should encourage Congress to replenish the Restaurant Revitalization Fund, which is set to expire on July 14,” Ortiz recommended.
The RRF program provided funds to 105,000 struggling restaurant operators, but it no longer has funds. Over 200,000 additional applicants have not received funding.
Further, the rate of spending from the Biden administration has led many experts to warn of a dramatic increase of inflation. Currently, inflation rates are at their highest level since 2008.
“However, there is not a single Biden policy that is fueling the recovery. Even the $2,000 child care tax credit expansion, which Biden took credit for today, is a product of the previous administration. The only thing Biden’s policies have brought us is more inflation, which is growing at the fastest pace in four decades and is bringing back memories of the Carter Administration.,” Ortiz ended by saying.
— — —
Cooper Moran is a reporter for the Star News Network. Follow Cooper on Twitter. Email tips to [email protected].
Recovery? There has been no recovery!!