Proof: Joe Biden Ignorant About U.S. Economy

The evidence is clear, Joe Biden doesn’t know enough about the American economy to even make accurate comparisons to other civilized nations like Japan.

In a stunning display of ignorance, Biden recently said the U.S. economy was “worse off” than Japan.

“First, the president’s chaotic mismanagement of the pandemic is still holding us back,” said Biden in a Friday speech. “Compared to other major industrial countries in Europe and Asia, during the pandemic, our unemployment rate is still more than double, while other nations have only gone up by half. Why? Because the president has botched the COVID response, botched it badly.”

But the proof shows Biden is badly mistaken.

As Breitbart News reported, Biden was comparing apples to oranges:

The U.S. economy shrank in the second quarter by less than most other major industrial countries in Europe and was not much worse than that of Japan.

The U.S. economy shrank by 9.5 percent in the second quarter compared with the first quarter.
The eurozone economy shrank 12.1 percent.
The broader European Union economy shrank by 11.9 percent.
The U.K.’s economy shrank 20.4 percent.
Spain’s economy shrank by 18.5 percent.
Portugal’s economy shrank 14.1 percent.
France’s economy shrank 13.8 percent.
Germany’s economy shrank 10.1 percent.
Japan’s economy shrank by 7.8 percent.

Compared with the second quarter a year earlier, the contrast between U.S. performance and those of other industrialized countries is even more favorable to the Trump administration.

The U.S. GDP was 9.5 percent smaller.
Spain’s GDP shrank 22.1 percent.
The U.K.’s shrank 21.7 percent.
France’s 19 percent.
Germany’s 11.7 percent.
Japan’s economy was ten percent smaller.
Portugal’s was 16.3 percent smaller.

To read more about Biden’s misstatements and deception, click here.

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