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President Joe Biden’s economic agenda, dubbed “Bidenomics”, took a major hit on Wednesday following his disastrous speech in Belen, New Mexico. The President’s own words during the address were particularly concerning, as he suggested that too many people are making too much money and working way too hard.
This statement was met with immediate backlash from both sides of the aisle, as it was seen by many as an endorsement of higher taxes to limit economic success. Even though Biden has yet to propose any new tax increases or policies of this nature, his comments were still seen as potentially signaling future plans that could hurt small businesses and entrepreneurs across America.
The Republican party quickly went on the offensive against Biden’s remarks. Speaker of the House Kevin McCarthy released a statement calling out the President for disparaging hardworking Americans: “It is outrageous for Joe Biden to suggest that there is something wrong with workers making more money and working harder than ever before to provide for their families. This only shows how disconnected he is from everyday Americans who are doing all they can to make ends meet.”
Republican Senator Ted Cruz echoed Speaker McCarthy’s sentiments about Biden’s words: “These types of policies will stifle growth and put an unnecessary burden on those trying to get ahead in our economy. We should be encouraging people to work harder so they can achieve financial security—not punishing them for being successful.”
WATCH:
BIDEN: “The problem was too many people are working! Or working people are working making too much money. That’s not the problem.” pic.twitter.com/hpjRkn3Axf
— RNC Research (@RNCResearch) August 9, 2023
Fox News reporter Peter Doocy caught up with Joe Biden after his speech and confronted him about Devon Archer’s testimony to the House Oversight Committee tying Biden to his son Hunter’s overseas business deals.
Devon Archer, Hunter Biden’s longtime friend and business associate, appeared before the House Oversight Committee a couple of weeks ago to testify on the Biden Crime Family – and he did not disappoint!
Here are some key takeaways from Devon Archer’s testimony per the House Oversight Committee:
-When Joe Biden was Vice President of the United States, he joined Hunter Biden’s dinners with his foreign business associates in person or by speakerphone over 20 times.
-Devon Archer testified that the value of adding Hunter Biden to Burisma’s board was “the brand” and confirmed that then-Vice President Joe Biden was “the brand” and that the 20 phone calls were to sell “the brand.”
-Devon Archer admitted that “Burisma would have gone out of business if ‘the brand’ had not been attached to it.” Because of the Bidens’ involvement, people would have been intimidated to mess with Burisma legally.
-In December 2015, Mykola Zlochevsky, the owner of Burisma, and Vadym Pozharski, an executive of Burisma, placed constant pressure on Hunter Biden to get help from D.C. regarding the Ukrainian prosecutor, Viktor Shokin. Shokin was investigating Burisma for corruption.
-Hunter Biden, along with Zlochevsky and Pozharski, “called D.C.” to discuss the matter. Biden, Zlochevsky, and Pozharski stepped away to make the call. This raises concerns that Hunter Biden was in violation of the Foreign Agents Registration Act.
-Joe Biden was dialed into a dinner in Paris with a French energy company and in China with Jonathan Li, the CEO of BHR. Then-VP Biden also had coffee with Li in Beijing and even wrote a letter of recommendation for college for Li’s daughter.
-Archer confirmed Joe Biden was referred to as “my guy” by Hunter Biden.
In 2014, then-VP Biden attended a business dinner with Hunter & his associates at Café Milano in D.C. Elena Baturina, a Russian oligarch who is the widow of the former mayor of Moscow, was an attendee. Notably, the Biden Admin’s public sanctions do not contain Baturina.
Doocy asked Biden about Devon Archer’s claims he was on speakerphone a lot with Hunter’s foreign associates.
“Your son’s former business associates is claiming that you were on speakerphone a lot with them talking business?” Peter Doocy said to Joe Biden.
Biden snapped.
“I never talked business with anybody! I knew you’d have a lousy question,” Biden said.
“Why is that a lousy question?” Doocy asked.
“Because it’s not true!” Biden said as his handlers whisked him away.
WATCH:
BIDEN: “The problem was too many people are working! Or working people are working making too much money. That’s not the problem.” pic.twitter.com/hpjRkn3Axf
— RNC Research (@RNCResearch) August 9, 2023
Not everyone was so critical of Biden however—his staunch supporters defended his statements as merely a call for increased wages rather than higher taxes. Democratic Senator Dianne Feinstein argued this point, saying “I think what [Biden] meant was that we need to raise wages throughout our economy so people aren’t struggling paycheck-to-paycheck anymore…That’s something I believe in strongly.”