Simply weeks after Vice President Kamala Harris’ overwhelming loss to President-elect Trump within the 2024 presidential election, the White Home launched a memo that hailed the Biden-Harris administration as one of the profitable in historical past.
The memo shared on Monday highlighted how President Biden and Harris took workplace in the course of the COVID-19 pandemic and a “reeling” economic system, earlier than occurring to name their administration “one of the profitable administrations in historical past” which “can be forsaking the very best economic system on the earth.”
“Below President Biden and Vice President Harris’ management, 16 million jobs have been created, and we’ve gotten girls and folks of colour again within the labor drive at file charges,” the memo said. “A file 20 million new enterprise functions have been filed, and inflation is down to close pre-pandemic ranges.”
The White Home added that “our success” in these areas was resulting from “passing and implementing laws that rebuilt our nation’s infrastructure, made the most important funding in local weather motion in historical past, lowered prescription drug prices, and spurred a producing renaissance.”
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The White Home launched a memo on Monday calling the Biden-Harris administration “one of the profitable administrations in historical past.” (Anna Moneymaker/Getty Pictures, File)
The memo quotes unnamed “enterprise leaders” calling the U.S. economic system “among the many finest performing economies” in many years.
The newest jobs report launched earlier this month, nonetheless, seems to point out a distinct story.
The Labor Division report reveals that simply 12,000 jobs had been created in October, far under estimates of as much as 120,000 and had been the bottom in 4 years. The unemployment rate was 4.1%, in step with expectations.
President Biden bowed out of the 2024 presidential race in July following a dismal debate efficiency in opposition to former President Trump. Vice President Kamala Harris then led the Democratic ticket, in the end shedding to Trump. (Andrew Leyden/NurPhoto through Getty Pictures, File)
The cumulative impact of inflation has continued to weigh on many Individuals.
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The Labor Division’s inflation report for October discovered that the client worth index — a broad measure of how a lot on a regular basis items like gasoline, groceries and lease price — was up 2.6% from a yr in the past for the U.S. as an entire, in step with expectations as inflation ticked larger amid a broader cooling pattern.
Days forward of the presidential election, Trump marketing campaign nationwide press secretary Karoline Leavitt argued that “this jobs report is a disaster and definitively reveals how badly Kamala Harris broke our economic system.”
President-elect Trump overwhelmingly defeated Vice President Kamala Harris within the 2024 presidential election, successful each the Electoral School and standard vote. (Chip Somodevilla/Getty Pictures, File)
On Election Day, the need of the American folks was mirrored within the vote totals and appeared to point out a referendum on the insurance policies of the Biden-Harris administration.
Trump beat Harris with a powerful 312 electoral votes to Harris’ 226, and with over 2 million extra votes within the standard vote.
Fox Information Digital’s Paul Steinhauser and Fox Enterprise’ Eric Revell contributed to this report.
