Joe Biden was apparently up past his bedtime tonight because he was saying crazy stuff during a town hall on CNN:
President Biden is asked about the CBO projection that a $15 minimum wage would eliminate 1.4 million jobs:
"If you read that whole thing about Pinocchios and all the rest, there are equal number of studies showing it wouldn't have that effect." pic.twitter.com/vRfAjOIzCg
— Daily Caller (@DailyCaller) February 17, 2021
Biden doesn’t explain why the CBO is wrong in their analysis, but simply says there are an equal number of studies that say otherwise. He then explained if you raise it slowly, by 2025, it will be great for the economy or something.
But his plan is exactly what the CBO analyzed:
The Congressional Budget Office (CBO) this week said Biden’s plan to raise the minimum wage to $15 per hour from the current rate of $7.25 by 2025 would take 900,000 people out of poverty that year, but would also cut employment by 1.4 million jobs.
Biden also falsely claimed that they didn’t have a vaccine when he came into office:
That’s down right false. The first to get vaccinated happened in December, well over a month before he took office. There were over a million vaccinations the week he was inaugurated. Either he’s lying intentionally or he just can’t remember that far back, heh. Take your pick.