• Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock
Editor's Pick

White House insists Biden, Harris have ‘one of most successful administrations in history’ despite 2024 loss

by November 25, 2024
written by November 25, 2024

Just weeks after Vice President Kamala Harris’ overwhelming loss to President-elect Donald Trump in the 2024 presidential election, the White House released a memo that hailed the Biden-Harris administration as one of the most successful in history.

The memo shared on Monday highlighted how President Biden and Harris took office during the COVID-19 pandemic and a ‘reeling’ economy, before going on to call their administration ‘one of the most successful administrations in history’ which ‘will be leaving behind the best economy in the world.’

‘Under President Biden and Vice President Harris’ leadership, 16 million jobs have been created, and we’ve gotten women and people of color back in the labor force at record rates,’ the memo stated. ‘A record 20 million new business applications have been filed, and inflation is down to near pre-pandemic levels.’

The White House added that ‘our success’ in these areas was due to ‘passing and implementing legislation that rebuilt our nation’s infrastructure, made the largest investment in climate action in history, lowered prescription drug costs, and spurred a manufacturing renaissance.’

The memo quotes unnamed ‘business leaders’ calling the U.S. economy ‘among the best performing economies’ in decades.

The latest jobs report released earlier this month, however, appears to show a different story.

The Labor Department report shows that just 12,000 jobs were created in October, far below estimates of up to 120,000 and were the lowest in four years. The unemployment rate was 4.1%, in line with expectations.

The cumulative effect of inflation has continued to weigh on many Americans.

The Labor Department’s inflation report for October found that the consumer price index — a broad measure of how much everyday goods like gasoline, groceries and rent cost — was up 2.6% from a year ago for the U.S. as a whole, in line with expectations as inflation ticked higher amid a broader cooling trend.

Days ahead of the presidential election, Trump campaign national press secretary Karoline Leavitt argued that ‘this jobs report is a catastrophe and definitively reveals how badly Kamala Harris broke our economy.’

On Election Day, the will of the American people was reflected in the vote totals and appeared to show a referendum on the policies of the Biden-Harris administration.

Trump beat Harris with a resounding 312 electoral votes to Harris’ 226, and with over 2 million more votes in the popular vote.

Fox News Digital’s Paul Steinhauser and Fox Business’ Eric Revell contributed to this report.

This post appeared first on FOX NEWS
0 comment
0
FacebookTwitterPinterestEmail

previous post
PETA protests Biden turkey pardon with ‘Hell on Wheels’ display, subliminal messaging to make people go vegan
next post
Macy’s says employee hid up to $154 million in expenses since 2021

related articles

Kushner joins Witkoff for Gaza ceasefire talks as...

October 8, 2025

Houthi rebels test US ceasefire with deadly strike...

October 8, 2025

Comey pleads not guilty in court after indictment...

October 8, 2025

Comey to be arraigned in federal court after...

October 8, 2025

Senate stalls on shutdown vote amid warning furloughed...

October 7, 2025

Senate Republicans confirm more than 100 Trump nominees...

October 7, 2025

Trump meets former Hamas hostage Edan Alexander on...

October 7, 2025

Government limps deeper into shutdown crisis with no...

October 7, 2025

Cruz clashes with Nigeria over his claims 50,000...

October 7, 2025

House committee withdraws James Comey subpoena for Jeffrey...

October 7, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News, And Articles.


Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

Latest News

  • Massive Russia sanctions package stalls as Trump pushes for Ukraine peace talks

    June 4, 2025
  • How Trump could spare Biden’s renewable energy credits and still cripple his landmark climate bill

    December 20, 2024
  • House DOGE Caucus eyes federal employees, government regulations in new goal-setting memo

    January 14, 2025
  • US Prez Donald Trump says smartphone tariff relief was temporary, new duties coming

    April 14, 2025
  • Iran’s covert nuclear agency found operating out of top space program launch sites

    January 31, 2025

Popular Posts

  • 1

    Secret Service admits leaning on ‘state and local partners’ after claim it ignored Trump team’s past requests

    July 21, 2024
  • 2

    Five more House Democrats call on Biden to drop out, third US senator

    July 19, 2024
  • 3

    Elon and Vivek should tackle US funding for this boondoogle organization and score a multimillion dollar win

    December 4, 2024
  • 4

    Forex Profit Calculator: Maximize Your Trading Potential

    July 10, 2024
  • 5

    Biden calls to ‘lower the temperature’ then bashes Trump in NAACP speech

    July 17, 2024

Categories

  • Economy (829)
  • Editor's Pick (6,289)
  • Investing (634)
  • Stock (936)

Latest Posts

  • Senate forces rare weekend vote to push through Kristi Noem as Homeland Security chief

    January 25, 2025
  • Trump and Biden offer Christmas greetings as US approaches transfer of power

    December 25, 2024
  • Trump’s FBI overhaul puts ‘untouchable’ feds on notice: former agent

    January 22, 2025

Recent Posts

  • Chip Roy follows Trump’s lead with bill to ‘beat China’ on trade

    April 3, 2025
  • Blame Game: GOP spotlights ‘Schumer shutdown’ while Dems lash out at Republicans ahead of 2026 midterms

    October 1, 2025
  • China open to talks with Trump admin on lowering tariffs, ministry says

    May 2, 2025

Editor’s Pick

  • Mitt Romney names who he thinks will be the GOP’s 2028 presidential nominee

    December 16, 2024
  • Biden vetoes bill that would have given Trump more judicial seats to fill

    December 24, 2024
  • Supreme Court keeps Fed’s Lisa Cook in role for now, agrees to review case

    October 1, 2025
  • About us
  • Contacts
  • Privacy Policy
  • Terms & Conditions

Disclaimer: moneyrisetoday.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2025 moneyrisetoday.com | All Rights Reserved

Money Rise Today – Investing and Stock News
  • Economy
  • Editor’s Pick
Money Rise Today – Investing and Stock News
  • Investing
  • Stock