"We're ending 2021 with what one analyst described as the strongest first-year economic track record of any president in the last 50 years," Biden announced on Twitter Wednesday. "Let's keep the progress going."
Though Biden failed to mention which analyst made the allegation, leading to some users ridiculing the President's claim in response.
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Biden made a comparable declaration in a speech last week, again failing to name the analyst.
"And at the end of 2021, with what one analyst described as the 'strongest first-year economic track record of any President in the last 50 years': nearly 6 million new jobs, a record number for a new President, because of my staff and my Cabinet; unemployment down to 4.2 percent, three years ahead of the predicted time it would take to get to that number," Biden announced throughout the speech.
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While the economy has recorded some substantial numbers in 2021, a previous fact-check of the President's claims stressed that much of the progress actually occurred under former President Donald Trump.
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"Since shrinking by more than 30% in the first six months of 2020, the US economy has recorded a strong bounceback and returned to above pre-pandemic levels," read a BBC analysis of Biden's economic claims last month. "Under Mr Biden, the US economy has continued to grow this year, but a large part of the recovery happened under former president Donald Trump."
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Biden inherited an economy ravaged by the shutdown policies in response to COVID-19, a fact that BBC stressed the President usually leaves out of his talking points.
"But this job growth comes from a low base point, given that in April last year, unemployment hit its highest level since the Great Depression of the 1930s," the analysis read. "More than 22 million jobs were lost in the space of two months because of the impact of coronavirus."
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The Biden Administration has done well in mending some trade and diplomatic quarrels that the Trump Administration started. But, what's next?
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For instance, the Biden Administration has been good at engaging with Taiwan — whether it's through low-level trade and investment talks or through a relatively new economic prosperity dialogue — to assist against coercive actions by China. Though inaction on building something greater, like a U.S.-Taiwan free trade agreement, almost set back economic relations after a controversial vote in Taiwan on whether to reimpose limitations on American imports of pork and beef. Thankfully, the people of Taiwan voted against these limitations.
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