Friday, December 9, 2022

President Joe Biden’s great recovery.

November 14, 2022 by  
Filed under Business, Education, Money, News, Opinion, Politics, Weekly Columns

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( One definition of recovery is, “a return to a normal state of health, mind or strength.” Another is, “the action or process of regaining possession or control of something stolen or lost.” I can’t think of any more appropriate descriptions of the first 20 months of President Joe Biden’s administration. History records President Franklin Delano Roosevelt as the creator of the New Deal, President Harry S. Truman as the initiator of the Fair Deal, and President Lyndon Johnson as the mastermind of the Great Society. I believe historians will one day recognize President Joseph R. Biden as the engineer of the Great Recovery.

When Biden took office on Jan. 20, 2021, the country was in the grip of a global pandemic that was killing more than 3,000 people per day. Businesses were shuttering, schools were closing, and the nation’s unemployment rate was 6.4%. The American people were losing faith in their government and its elected officials.

The bombastic style of the previous administration was wearing thin on the American public and their lack of substance was visiting hardships on the American people, their families and their communities. Our nation’s long pursuit of “a more perfect Union” seemed to be coming to an unceremonious end. In short, our Democracy was at peril.

Jim Clyburn Joe Biden

Biden and congressional Democrats are engineering a Great Recovery of, for and by the American People. From day one, we have focused on shoring up the shaky foundation left by the previous administration. On March 11, 2021, less than two months after he took office, Biden signed the American Rescue Plan putting in place the first pillar of the foundation upon which he would jumpstart a great recovery. The ARP put money in people’s pockets, got children back in school and lifted nearly half of those children living in poverty out of poverty. We reopened businesses, kept workers on their jobs and stemmed the deadly rampage of COVID-19 by expanding testing and access to vaccines.

The second pillar of Biden’s foundation came on Nov. 15, 2021, when he signed the Infrastructure Investment and Jobs Act. Joe Biden’s historic investment in our crumbling and outdated infrastructure, is putting people to work repairing roads and bridges, expanding high-speed broadband, cleaning our drinking water and creating a resilient electric grid. It is replacing lead pipes, making a down payment on clean energy transmission and erecting charging stations for electric vehicles. These infrastructure investments are creating jobs and strengthening critical links in our supply chain.

The third pillar of Biden’s “Great Recovery” platform, the CHIPS and Science Act, was signed into law on Aug. 9. It restores America’s standing as a global science and technology leader by providing the resources and tools to make more products like semiconductor chips here at home. It will create better-paying jobs, build a more diverse workforce and bolster our supply chains.

The fourth pillar of the Biden platform, the Inflation Reduction Act, passed the Congress with every Democrat voting for it, and every Republican voting against it. This new law is making historical investments in climate change and health care. Medicare recipients will see insulin capped at $35 per month, their out-of-pocket prescription drugs capped at $2,000 annually, allows Medicare costs to be negotiated and extends Affordable Care Act subsidies to 13 million Americans.

To further secure and stabilize his platform, Biden and Democrats constructed some additional, well-placed pillars, the PACT Act, the Safer Communities Act and student loan debt relief. The PACT Act expands health care for veterans exposed to toxic burn pits and Agent Orange. The Safer Communities Act is the first significant gun safety law enacted in 30 years. It invests in community-based violence prevention initiatives, closes the “boyfriend loophole,” creates a new criminal offense for straw purchases and trafficking and requires enhanced background checks for gun purchasers under the age of 21.

Biden recently announced up to $10,000 in student loan debt relief for those earning less than $125,000 and reduced future monthly payments for borrowers from 10% to 5% of their discretionary income. He also announced up to $20,000 in debt relief for PELL grant recipients. In addition, the Biden administration reworked the Public Service Loan Forgiveness program for public servants who are eligible and those who were among the 99% of loan applicants who were denied forgiveness under the previous administration. He extended the deadline for applicants to Oct. 31. In the last 10 months, over 175,000 borrowers have received over $10 billion in debt relief.

Biden and Democrats are putting people above politics. Throughout my travels, I proudly proclaim that thanks to Biden, and a Democratic Congress, America is emerging from a very dark time in our history. Biden is providing the strong, steady leadership needed to build a solid foundation upon which to launch a Great Recovery.

Written by Rep. Jim Clyburn

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2 Responses to “President Joe Biden’s great recovery.”
  1. Simplicity is the Best Messenger and Always Will Be.

    “Throughout history, it has been the inaction of those who could have acted, the indifference of those who should have known better, the silence of the voice of justice when it mattered most, that has made it possible for evil to triumph.”

    Haile Selassie I

    Here is what Clyburn didn’t say, that should matter to every American voter, including Black Americans (by the way we are citizens of this great nation, yet we’re treated with disdain by this administration).

    President Biden and Vice President Harris’ policy of undercounting the Job Rates of the working-class, including Black Americans “guarantees” the racial wealth gap will never be closed under his presidency. “You need genuinely true stats to do that.” Biden promotes (lies really) an incomprehensive rate of unemployment, 3.7%, when the Real Job rate is 6.8% for October with a black rate that’s 5% higher at 11.8%.

    You ask, how does that hurt Black Americans and makes them consistently poorer as a race of people – man, it’s only a few percentage points difference?

    Folks, this ain’t rocket science. You can’t have “TWO” economies and that’s what Biden, Harris, Obama and yes, Clyburn are promoting. One where a politician Joe Biden says, the Jobless Rate is 3.7% and another economy, the REAL one, where Economists agree the Real Job Rate for October is 6.8%. And the Black Rate 5% over the Real Rate is 11.8%. THE TRUTH REALLY DOES MATTER!

    The Federal Reserve’s (Fed) mandate is to fight inflation. The weapon used by the Fed is interest rate hikes. Rate hikes slow the economy, creating layoffs. Biden’s policy of lying about job rates saying it’s 3.7% when the Real rate is 6.8% undercounts our Job Rates leading to hiding our coming layoffs.

    This is Simple: if you are not counted, you don’t exist. Any misery or suffering you may incur, such as the loss of housing and the challenges of feeding your family as a result of layoffs (you guessed it) do not exist either, on paper, if you are not a part of the public count, when it comes the Job Rates, announced monthly, by the Bureau of Labor Statistics. This is the number the world and Congress sees. Legislation to supply money to help you, is based on this number.

    Well, you ask, how do they not count you, after all I get unemployment?

    Here’s how Secretary of Labor Marty Walsh, Biden, and Harris supported by the Democratic Party and as you can see by Clyburn and the Black Caucus, chaired by Rep. Beatty hurt working-class Americans and Black Americans with the highest Job rate at 11.8%.

    If you low-ball or undercount laid-off workers with a job rate lower (his 3.7%), than the REAL rate (6.8%) HE “WILLFULLY” COUNTS ONLY about 50% of LAID-OFF WORKERS. He omits counting 50% of blacks also, who have a 11.8% Job rate and are the first laid-off as the economy declines.

    The coming economic storm is REAL, and it’ll result in Jobless rates increasing, effectively, wiping out the economic gains of SENIORS, working-class Americans and Blacks. Remember, Biden’s Job Rate is 3.7%, while the Real Rate, is 6.8%. A key question: Why does Biden “continue” to LIE about our Job Rates! Ask Clyburn.

    But how did this get started? Who is responsible for this vile policy?

    The Clinton administration started the vile scheme of undercounting the Job Rates of Jobless American workers, Blacks included, leading to under-reporting our layoffs. Mr. Obama continued it and Mr. Biden, wants to sustain it. Read the linked article.

    How can this terrible and stupid policy be overturned or ended?

    Biden does not need more or added authority to change his official Job rate of 3.7% (U-3) for October and beyond to the REAL jobless rate of 6.8% (U-6), recognized by economists as the true rate just as the Clinton White House, which originated this vile scheme didn’t need authority “to start it.” So, you see, its Joe Biden and Democrats, who are literally putting their knees on our necks.

    At the end of the day, no President including Biden can LIE away the REAL ECONOMY saying his 3.7% Job Rate is comprehensive of our Job Situation, when it is not, no more than Trump can LIE away his 2020 lost to Biden. Problematic for all of us is his denial of the REAL ECONOMY with a Jobless Rate of 6.8%. Thus, His Denial is Our PAIN.

  2. Vader007 says:

    Anything Clyburn has written is and always has been a joke for black America.

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