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Biden Speaks After Strong January Jobs Report

WHITE HOUSE

Biden's comments from his presser on the January jobs report:

  • American jobs machine stronger than ever. 467k new jobs. 6.6 million jobs created by Biden Administration. Strongest economic growth in 40 years
  • The Rescue Plan got the economy going. Bipartisan Infrastructure Plan in place for renewing bridges, roads, ports, internet.
  • Federal government now buys all American made products. All components are American.
  • January was a very hard month for Americans. Now America has the tools to handle Covid and get back to work.
  • Need to keep wages growing. More high paying jobs.
  • CEO of Intel announced USD$20 billion manufactory center. Semiconductors power everything. Nothing will function without this industry. Developing semiconductor industry will ease inflation. Automobile industry driving inflation because of semiconductor shortage.
  • House of Rep just passed America COMPETES which will stimulate semiconductor industry and ease supply chain crisis.
  • Capitalism without competition is not capitalism. Biden will break up monopolies which are causing inflation.

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