A recent survey shows that President Biden’s approval among small business owners is at a “new low,” with only 30 percent of the 2,000 business owners polled saying they approved of his policies, and 56 percent saying they “strongly disapprove” of the way he’s been handling his presidency.
Some say it’s because of high inflation, regulations and, of course, his age. And yes, these are some of the factors. But there’s another more significant reason why we don’t approve of the president: his credibility.
Even over the past few months, Biden has made statements that either significantly stretch the truth or are simply just not truthful. Here are some of the things he — and his administration — have said, and why they’re misleading.
“All told, we’ve added 13.5 million jobs since I took office — around 800,000 of them manufacturing jobs. We created more jobs in two years than any president ever created in a four-year — single four-year term. We did it in two years.”
Any business owner understands the falsehood in this statement. These jobs weren’t “created.” The economy lost tens of millions of jobs during the pandemic and the jobs “created” by the president since he took office were merely a recovery of already existing jobs as people went back to work.
“When the Inflation Reduction Act was passed a year ago today inflation was at 8.3 percent. It’s now down to 3.2 percent, and it’s going to go lower.”
True, the rate of inflation has been declining. However, inflation is still significantly more that it was when the president took office and, overall, small businesses (and consumers)........