As the Biden administration and campaign promote “Bidenomics,” the President’s economic plan and policies that have helped create 50-year lows in unemployment, a massive manufacturing renaissance, the highest GDP increases among the G7 countries, curtailed inflation which has taken root around the globe while helping to create wage growth that is outpacing inflation, Speaker of the House Kevin McCarthy is taking notice, and invoking God in an effort to fight back.
McCarthy on Thursday said the United States should use “the resources God has blessed” America with to make two of the world’s largest countries and largest economies, China and India, “dependent on American natural gas.” He also falsely claimed doing so would make the world “environmentally sound” – burning natural gas causes pollution.
“Why don’t we use the things God has blessed America with?” McCarthy said on CNBC Thursday, in video he himself posted to social media.
“Why would we think about using our energy policy to make us economically stronger but geopolitically the world safer? Why wouldn’t we have a long-term plan where we would want China and India dependent on our natural gas? Why wouldn’t we map out a 20-year economic plan like this?”
“That shouldn’t be a Republican or Democrat that should be the American plan that would make the world safer, make us economically stronger, and environmentally sound?”
The June jobs report will be released Friday, but based on numbers reported out by ADP Thursday, it should be gangbusters.
“Private sector jobs surged by 497,000 in June, well ahead of the 267,000 gain in May and much better than the 220,000 estimate,” CNBC reports.
And after two years of claiming of impending recession, top economists are now, as Fortune reports, “saying we could really dodge a recession.”