Economy
Biden responds to disappointing May jobs report, gaffes instead
Despite the most recent jobs report disappointing the predictions of economists, President Biden responded optimistically Friday. Instead, he said the “jobs report shows historic progress.”
In his nine-minute speech, Biden reminded everyone that overall, jobs are on the rise. “We have created more than 2 million jobs in total since I took office,” he said. “More jobs than have been created in the first four months in any presidency in modern history.” Conveniently, he left out the historic job losses that happened leading up to his inauguration.
Biden also blamed a lower number on vaccination rates, since the data was collected during the first week in May. Back then, Biden said, the vaccination rate for adults was only 35%. Just Thursday is was reported to be at 63%.
Yet, Biden also patted himself on the back for the unemployment benefits under his administration. nearly 20,000 more childcare jobs. “A temporary boost in unemployment benefits that ended -that we enacted I should say-helped people who lost their jobs to no fault of their own.” But, the boost is set to end in 90 days.
“I’m extremely optimistic,” Biden ended his speech, “and I hope you are as well.”
You can follow Jenny Goldsberry on Twitter @jennyjournalism.
Progressive California is digging itself deeper and deeper into a literal energy crisis. Last week, twenty members of the Air Quality Management District “approved the plan to phase out and ban gas-powered systems that emit nitrogen oxide, or NOx, and that contribute to air pollution. Three board members were absent, and one member abstained” writes National Review.
The ban will phase out the sale of new gas furnaces and water heaters in Northern California. As a result, it will “be costly for residents, will further burden an already stretched electric grid, and will have minimal environmental impact” energy experts and economists told National Review.
“The move is emblematic of California’s approach to energy, which involves ramping up the demand for electricity while gutting the state’s ability to meet its electricity needs,” they said.
Specifically, it is “a regressive policy that’s going to increase costs in a state that is already unaffordable, it’s going to do minimal in terms of reducing [greenhouse-gas] emissions, and it’s going to stress a problem that we already have no plan of addressing, which is [that] our grid is going to be unable to provide reliable electricity,” said Wayne Winegarden, a senior fellow in business and economics at the California-based Pacific Research Institute who is studying the state’s electricity shortfall.
Winegarden said California already has a major housing-affordability problem. “And now we’re going to make it even less affordable,” he said. While there are state and federal incentives and subsidies for people to purchase and install electric heating systems, Winegarden, an economist, called it a “shell game.”
“Subsidies don’t get rid of the costs,” he said. “They just redistribute the costs.”
The board’s vote did not address natural-gas stoves because it doesn’t regulate indoor air pollution, notes National Review. However, earlier this year, the Biden administration’s Consumer Product Safety Commission was considering restrictions, and possibly a ban, on natural-gas stoves.
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