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Breitbart Business Digest: Kamala Harris’s Economic Spin Shattered by October Jobs Bust

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Source of breaking news and analysis, insightful commentary and original reporting, curated and written specifically for the new generation of independent and conservative thinkers.

Harris has inherited from Joe Biden the habit of claiming Donald Trump bears responsibility for. Biden won the White House arguing that what he said was Trump’s mishandling of the pandemic had wrecked the economy—even though the economy was recovering much faster than anyone not namedWhat happened next is a story we’ve told many times before.

Fortunately, Biden’s larger ambitions were thwarted and only a fraction of the dreamed-of expenditures were enacted into law. But the results were bad enough:, soaring interest rates, the least affordable housing market in generations, and a crisis of confidence in our economy that even full employment and several quarters of rapid growth could not cure.It never really made much sense for the Democrats to complain about the pandemic job losses.

Not surprisingly, the Harris campaign was never going to let historical accuracy or economic logic stand in the way ofHarris took aim at Trump’s record on manufacturing in particular, claiming that during the Trump years the U.S. economy lost hundreds of thousands of manufacturing jobs. Harris also frequently claimed that the Biden policies had led to a boom in manufacturing.

Vice President Kamala Harris delivers remarks on October 24, 2022, in the East Room of the White House with President Joe Biden looking on. , manufacturing employment did not recover to the pre-pandemic Trump level until the summer of 2022. Shortly afterward, growth in manufacturing jobs fizzled out. At its peak under Biden-Harris, the manufacturing sector employed 12.

 

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