How Biden benefits are stifling economic recovery as average weekly unemployment payments nearly DOUBLE in two years
M.L. Nestel
Updated: May 8 2021, 1:18 ET
AS AMERICAN industry battles back after nearly flatlining from the pandemic recession to recovery, there s a shortage of both will and manpower to meet the growing labor demand.
Dragging the economy into borderline stagnancy is the residual effects of President Biden’s $1.9trillion American Rescue Plan, which was pushed through Congress to secure a lifeline for those financially battered from Covid-19 disease.
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Unemployed Americans are being disincentivized from returning to the workforce by getting a new round of federal stimulus checks despite increased demand for laborCredit: EPA
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SBE Council Says Small Businesses Need Policy Stability and Relief, Not Higher Taxes and More Regulation as Jobs Data Disappoints
Earlier today, the
US Department of Labor Statistics issued data that indicated 266,000 jobs were added during the month of April. This fell far short of expectations as observers anticipated over a million new jobs. The unemployment rate ticked higher to 6.1%.
The news undermined the Biden Administrations’ plans for higher taxes and a more stringent regulatory environment. The numbers arrived following the Biden Administrations’ $1.9 trillion “COVID relief” legislation as “stimy” checks were delivered across the country. Meanwhile, COVID cases are decreasing as vaccinations have become widespread and, effectively, anyone who wants the vaccine can quickly get one.
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In a statement issued earlier today, United States Trade Representative Katherine Tai announced the Biden-Harris Administration s support for waiving intellectual property protections for COVID-19 vaccines.
As we reported earlier this year, India and South Africa proposed last fall that the Council for Trade-Related Aspects of Intellectual Property Rights (TRIPS) of the World Trade Organization (WTO) recommend a waiver from the implementation, application and enforcement of Sections 1, 4, 5, and 7 of Part II of the TRIPS Agreement in relation to prevention, containment or treatment of COVID-19 to the General Council of the WTO. The two countries also recommended that [t]he waiver should continue until widespread vaccination is in place globally.
Sen. John Cornyn (R-TX). (Photo by Tasos Katopodis/Getty Images)
OAN Newsroom
UPDATED 11:15 AM PT – Friday, April 23, 2021
Lawmakers on both sides of the aisle are attempting to address the border crisis. On Thursday, the U.S. Chamber of Commerce came out in support of a piece of legislation called the “Bipartisan Border Solutions Act.”
The bicameral bill, introduced by Sen. John Cornyn (R-Texas) and Sen. Kyrsten Sinema (D-Ariz.), aims at tackling the surge of migrants reaching the country’s southern border. The legislation, also sponsored by Texas Rep. Henry Cuellar (D) and Texas Rep. Tony Gonzales (R), demands immediate action and requests enough resources and facilities to improve the asylum process and secure our border.
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