Joe Biden’s Presidency reels from another body blow.
Biden’s approval numbers continue to sink and now Biden faces a new crisis of his own making.
And one government report sent Joe Biden into hiding over a disastrous finding.
Joe Biden hoped to turn the page on his Afghanistan withdrawal, border, crime and inflation crises by banking on an economic boom to show Americans Biden helped return the country to normal.
Those hopes suffered a massive setback with the August jobs numbers release.
The Bureau of Labor Statistics reported the economy created an anemic 235,000 jobs in August, missing expectations by around 500,000 jobs.
The U.S. economy added 235,000 jobs in August and the unemployment rate dipped to 5.2 percent, the Labor Department said in its monthly labor assessment Friday.
The median Econoday forecast of analysts was for 740,000 jobs and an unemployment rate of 5.2 percent, according to Econoday. The private payrolls report from payroll processor ADP on Wednesday, however, pointed to a much weaker number, with ADP estimating just 374,000 jobs, missing estimates for 500,000.
Now Joe Biden has a jobs crisis on his hands and it could not come at a worse time.
West Virginia Senator Joe Manchin already demanded Democrats hit “pause” on a $3.5 trillion-dollar socialist welfare spending bill because of how it will hamper efforts to bring inflation and the national debt under control.
Inflation is already eating away at Americans’ paychecks and the poor August jobs report will call into question Biden’s claim that pumping out trillions of dollars for more welfare spending and woke boondoggles will create prosperity.
But with leftwing special interests demanding all of it, Biden breathing life back into his flailing Presidency depends on passing a $3.5 trillion-dollar socialist welfare spending bill.
The August jobs report will make that job much tougher.
Renewed Right will keep you up-to-date on any new developments in this ongoing story.