By Fox News (Politics) | Created at 2024-11-25 19:41:32 | Updated at 2024-11-27 12:29:05
1 day ago
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."
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The White House released a memo on Monday calling the Biden-Harris administration "one of the most successful administrations in history." (Anna Moneymaker/Getty Images, File)
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.
President Biden bowed out of the 2024 presidential race in July following a dismal debate performance against former President Donald Trump and questions over his mental fitness. Vice President Kamala Harris then led the Democratic ticket, ultimately losing to Trump. (Andrew Leyden/NurPhoto via Getty Images, File)
The cumulative effect of inflation has continued to weigh on many Americans.
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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."
President-elect Donald Trump overwhelmingly defeated Vice President Kamala Harris in the 2024 presidential election, winning both the electoral college and popular vote. (Chip Somodevilla/Getty Images, File)
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.
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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.
