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Presidentish Joe Biden shared the good news about the economy (maybe he’s off his meds) on Friday and very nearly held something like a brief press conference immediately afterward — and I’m here to briefly tell you what happened in order to spare you from having to watch the thing.
Before we begin, a brief spoiler:
It was really a short campaign speech about how Republicans will ruin all the good works Biden has performed (seriously, he must be off his meds) in front of an adoring press who kept the questions strictly beanbag.
You’d probably guessed that already, hadn’t you?
Let’s start with the Big Lie — one of them, anyway — that Biden has cut the deficit. “The deficit fell by $1.4 trillion,” Biden claimed. “the largest one-year drop in American history.”
You know what’s funny? Math.
One reason for last year’s massive deficit was Biden’s massive, one-time “stimulus” payout known (euphemistically, one presumes) known as the American Recovery Plan Act. That one-time outlay was worth $1.9 trillion up front.
Despite that one-time charge, this year’s deficit only “fell” by $1.4 trillion.
