While the Biden administration continues to claim the economy is doing great and everything is hunky-dory, mounting evidence shows otherwise. The latest piece comes from the administration themselves. A new report says the White House Office of Management and Budget is projecting unemployment benefits to surge by 75% this year compared to last year, from $29.9 billion to $52.5 billion. This as the unemployment rate for May rose to its highest level since 2021, while inflation remains at a 3.3% annual rate, well above the target of 2%.
The rising unemployment rate comes even as job growth remains steady, even surpassing expectations last month. However, a closer look at that jobs report reveals those numbers are somewhat hollow. Most of the "new" jobs were in government or went to non-citizens. "In the Biden economy, so much of the economic growth has gone to the foreign-born, to illegal immigrants," says Ohio Sen. J.D. Vance in a recent interview with Fox News. "While American workers struggle to feed their families, struggle to buy homes, and struggle to actually live the American Dream."
Indeed, most measures of economic health are trending negative. Home sales are down, interest rates are historically high, retail sales are flat or declining, and consumer sentiment is low. And yet, the White House seems to be whistling past the graveyard. "People aren't buying it, they recognize that it's getting harder to live your dreams under the Biden economy, and that's because a lot of the net job growth has gone to the foreign-born," says Vance. "What a disgraceful commentary, for the president to be bragging about an economy that's benefiting illegal immigrants more than American citizens."
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