What did Biden Say? May Job Numbers Press Conference
Taking Notes While I listened - sharing with you here:
Bragging about job growth "stable & steady"
Not going to see blockbuster growth - but steady growth
Everyday cost easing up
Shrinking the deficit
Puts us in a strong position to FIGHT INFLATION = his top economic priority
Giving the Federal Reserve the space they need to operate
1. Bring down the everyday cost of goods for families
a. price of gas - up $1.40 bc Putin amassing troops at Ukraine border
"Putin price hike"
Ukraine & Russia - bread baskets for wheat and corn
Ukraine has 20 billion tons (?) of grain in storage but bc Putin it is not available
IMPORTANT to understand the root of the problem so we can take steps to solve it
brutally and savagely invade a nation - is the cost
but BIDEN "led the world... 240 million barrels released... home bio fuels .... working to get Ukraine grain unlocked..."
Biden's actions using every tool available to him to blunt the Putin price hikes
b. price of groceries
utility
internet
RX bills
Housing
Biden goal - make sure at the end of the month families have more breathing room
Congress passing Clean Energy Investment Proposal - just sitting there
Business cuts, Tax cuts for families to make their homes more clean
Electric power - if we pass, they will immediately lower ave family energy cost by $500/year
Help make American families truly energy independent so not subject to a dictator across the world
negotiate with pharmaceutical companies - to bring down ave cost of RX drugs
cap $35/month (insulin which costs them less than $10 to make it)
Lower Rent/Mortgage costs - 1/3 of family budget is rent/mortgage
Building more housing units and closing shortfall
Cut internet prices and raise speeds for millions of households - lower price by $50 or more GETINTERNET.GOV SEE IF YOU QUALIFY
lower everyday goods - supply chain
State of Union - called on Congress to crack down on Foreign shipping co's raising prices over 1000% - Senate has passed - hopefuly House will
NOT RAISING A PENNY ON TAXES with people making less than 400k per year
taxing the big corporations who don't currently pay taxes
helping working families during this stretch of higher prices but Congress needs to act as well
Rick Scott leading Republican Congress - different approach
raise $1k more per year
put SS and Medicaid on chopping block every 5 years (no longer exist unless voted back in)
What in God's Name are they doing?
2. Bring down the deficit
Another way to ease inflation.
Republicans paint him as a big spender.
FACTS MATTER.
Under "predisessor" - deficit exploded
(Trump)
Biden's plan cut 1.7 trillion this year - largest decline in American History
Non partisan budget office that press quotes all the time
on track for our deficit to take up a lower share of our economy than before covid shut down events
Treasury dept set to pay down the deficit this quarter (did not happen once under - trump)
put together multi national initiative hopes to come into play at the G7
Just pay your fair share
Billionaires pay a lower rate than teacher and firefighter
Tired of trickle down economics
an economy that works for working families
focus on what matters
build on the extrodinary progress we've made
Q&A part:
Elon Musk - super bad feeling about the US Economy
A: Ford is increasing their investment in building new electric vehicles, 6k union employees
Crysler - investing, Intel - adding 20k new jobs making computer trips
Lots of luck on his trip to the moon...
Q: Saudie Arabie
A: No direct plans ATM
how to bring more peace in the Middle East
Q:
A: not gonna change my view on Human Rights -but my job is to bring peace if I can
Q:
A: diminish the likelihood that there is a continuation of the senseless wars between Israel and ...
Q:
A: they acknowledge oil shortage... increase production... positive
Q: Ukraine
A: Nothing about Ukraine... it's their territory I am not going to tell them what they should and should not do... some type of settlement... in the meantime we will put the Ukrainians in a position where they can protect (?) themselves
Q: Guns
A: I will do what I can to see if we can have some real progress... constant interchange.. Thank you.
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Blogger Personal Note:
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