In his final State of the Union address prior to the November general election, President Joe Biden focused on Ukraine, the Israel-Hamas war, the economy, reproductive rights, prescription drug costs and border security. Biden also criticized many of the policies of “my predecessor” — without naming former President Donald Trump. But he sometimes stretched the facts or left out important context.
Biden boasted that under his leadership “wages keep going up.” But over the entirety of Biden’s presidency, wages are down when adjusted for inflation.
Biden claimed that the more recent U.S. inflation rate of about 3% is the “lowest in the world!” But several nations reported lower rates than the U.S. in December.
He again claimed to have “cut the federal deficit by over one trillion dollars” — although declining deficits have mostly been the result of expiring emergency pandemic spending.
Biden said he had created a “record” 15 million new jobs. His 14.8 million new jobs is a record for any president in the first three years, but it’s not the highest job growth rate that any president has achieved in that period of time.