Just one day after extending the pandemic-era student loan pause for another four months, President Joe Biden touted historically low unemployment, a contrast some say illustrates hypocrisy within the administration when it comes to the economy.
The student loan pause, which began under former President Donald Trump in March 2020, will now last until at least Aug. 31 — and potentially longer. Meanwhile, unemployment crested at 15% two years ago but is now at 3.6% overall and 2% for college graduates.
"Every chance he gets, Biden brags about record job growth and record GDP growth — knowing this is merely a function of the economy getting back on its feet after the pandemic." said Alfredo Ortiz, president and CEO of the conservative advocacy group Job Creators Network. "But when it comes to advancing liberal policy, Biden suddenly claims that America is in distress."