![]() … We’ll build a national network of 500,000 electric vehicle charging stations.” We’re now talking about an infrastructure decade. Electric vehiclesīIDEN, promoting his $1 trillion infrastructure law: “We’re done talking about infrastructure weeks. Those trends are likely to keep pushing up prices even as supply chains recover. Although those problems indeed have been a major factor in driving up costs, inflation is increasingly showing up in other areas, such as rents and restaurant meals, that reflect the rapid growth of the economy and wages in the past year and not a global supply bottleneck. Manufactured products made overseas, particularly in countries such as China or Mexico where wages are lower, are generally cheaper than U.S.-made goods.īiden also places too much weight on supply chain disruptions from overseas as a factor in the worst inflation in four decades. THE FACTS: It’s dubious to suggest that more domestic manufacturing means less inflation. More goods moving faster and cheaper in America … Instead of relying on foreign supply chains let’s make it in America.” More infrastructure and innovation in America. Folks, that means make more cars and semiconductors in America. I think I have a better idea to fight inflation. One way to fight inflation is to drag down wages and make Americans poorer. And guess what? Prices of automobiles went way up … And so we have a choice. There weren’t enough semiconductors to make all the cars that people wanted to buy. ![]() One third of all the inflation was because of automobile sales. This past Monday the CDC tracker reported 1,985 deaths.īIDEN: “The pandemic also disrupted the global supply chain … Look at cars last year. The Centers for Disease Control and Prevention’s COVID tracker shows 289 deaths on July 1, 2021. While hospitalizations indeed are down from last summer, deaths remain high. THE FACTS: Biden overstated the improvement, omitting a statistic that remains a worrisome marker of the toll from COVID-19. WATCH: President Joe Biden’s 2022 State of the Union address – A PBS NewsHour SpecialīIDEN: “Severe cases are down to a level not seen since July of last year.” The Associated Press is fact-checking President Joe Biden’s first State of the Union speech as he grapples with Russia’s invasion of Ukraine, a stalled domestic agenda and the lingering COVID-19 pandemic.
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