Biden Hits Out At GOP In Jobs Report Statement

The White House has issued a press release from President Joe Biden following today's NFP numbers. With the midterm elections taking place on 8 Nov, the statement leans heavily into partisan messages against the Republicans.

• The late pivot by Biden and Democratic candidates across the House and Senate towards statements on combating inflation may prove to be too late to turn the tide, with the GOP taking control of both chambers of Congress seen as the most likely post-election outcome by betting markets (70.4% implied probability according to data from Smarkets).
• Link to full statement: https://www.whitehouse.gov/briefing-room/statement...
• "Inflation is our top economic challenge, and I know that American families are feeling squeezed. The global inflation that is raging in other countries is hitting us as well. I’ve got a plan to bring costs down, especially for health care, energy, and other everyday expenses."
• "The Republican plan is very different. They want to increase prescription drug costs, health insurance costs, and energy costs, while giving more tax breaks to big corporations and the very wealthy. Here’s the deal: cutting corporate taxes and allowing big pharma to raise prices again is the Republican inflation plan and it’s a disaster."