WASHINGTON, D.C. (February 5, 2021)—President Joseph Biden delivered remarks on the “State of the Economy & the Need for the American Rescue Plan.”
- Biden defined out the American Rescue Plan, his $1.9 trillion coronavirus relief bill.
- Biden our economy is still in trouble.
- 15 Million Americans are behind in their rental payments. In the month of January America added 6,000 jobs. But 2.5 million women have been driven from the workforce.
- Biden, January was one of the deadliest months–America lost about 100,000 Americans to the COVID-19 virus.
- Suicides are up, mental health is increasing and violence against women and children are increasing.
- The plan puts 106 billion dollars into the economy and sets up vaccine sites.
- The American Rescue Plan keeps the commitment of $2000 dollars–$600 has already gone out. Biden claims that he was not cutting the size of the check—but they are getting what was promised. Biden promised $2000 in January but reneged.
In January there was small job gain benefited from a technical adjustment to the government’s data. And without an increase of 80,000 temporary jobs, the economy would have posted a net loss.
“What you have is a lousy report that shows a stalling recovery,” said Nela Richardson, chief economist at payroll processor ADP.