It’s Friday.
When Biden Bits was posted for Thursday, President Biden had tweeted 1 time. He added 9 tweets giving him a Thursday Tweeting Total of 10 tweets and 0 retweets.
The FDA said on Thursday that they estimate the quantity of cans delivered by “Nestlé (Germany)” will be 249,500 that about “440,000 pounds or nearly 6.5 million full-size, 8-ounce bottles”. They expect the can to be later this month or in July.
The chart doesn’t have enough context clues to figure out where the data came from. I will continue to look, but given it’s Jobs Report Friday, I got to pause the cause…
On Monday, President Biden had an op-ed appear in the Wall Street Journal regarding his plan to fight inflation.
The below excerpts are part of his three part plan to lower inflation:
First, the Federal Reserve has a primary responsibility to control inflation. My predecessor demeaned the Fed, and past presidents have sought to influence its decisions inappropriately during periods of elevated inflation. I won’t do this. I have appointed highly qualified people from both parties to lead that institution. I agree with their assessment that fighting inflation is our top economic challenge right now.
Second, we need to take every practical step to make things more affordable for families during this moment of economic uncertainty—and to boost the productive capacity of our economy over time. The price at the pump is elevated in large part because Russian oil, gas and refining capacity are off the market. We can’t let up on our global effort to punish Mr. Putin for what he’s done, and we must mitigate these effects for American consumers. That is why I led the largest release from global oil reserves in history. Congress could help right away by passing clean energy tax credits and investments that I have proposed. A dozen CEOs of America’s largest utility companies told me earlier this year that my plan would reduce the average family’s annual utility bills by $500 and accelerate our transition from energy produced by autocrats.
Third, we need to keep reducing the federal deficit, which will help ease price pressures. Last week the nonpartisan Congressional Budget Office projected that the deficit will fall by $1.7 trillion this year—the largest reduction in history. That will leave the deficit as a share of the economy lower than prepandemic levels and lower than CBO projected for this year before the American Rescue Plan passed. This deficit progress wasn’t preordained. In addition to winding down emergency programs responsibly, about half the reduction is driven by an increase in revenue—as my economic policies powered a rapid recovery.
Wall Street Journal. 05/30/2022.
The White House posted the following readout:
President Joseph R. Biden, Jr. and Vice President Kamala Harris met today with Secretary General Jens Stoltenberg of the North Atlantic Treaty Organization (NATO) to prepare for the June 29-30 NATO Summit in Madrid. The leaders discussed the implications of Russia’s war on Ukraine for Transatlantic security and the importance of strengthening NATO’s deterrence and defense, in addition to ensuring NATO is properly resourced to address a wide range of challenges, from cyber to climate change. They also welcomed the applications by Finland and Sweden for NATO membership, and President Biden conveyed his strong support for efforts by Secretary General Stoltenberg to facilitate a rapid accession process that addresses the security concerns of all Allies. Additionally, National Security Advisor Jake Sullivan met separately with Secretary General Stoltenberg.
White House.gov. 06/02/2022.
The YouTube is 17 minutes and 7 seconds long. His full remarks can be found here.
President Biden: (3:02) This isn’t about taking away anyone’s rights. It’s about protecting children. It’s about protecting families. It’s about protecting whole communities. It’s about protecting our freedoms to go to school, to a grocery store, and to a church without being shot and killed.
President Biden: (4:37) We need to ban assault weapons and high-capacity magazines. And if we can’t ban assault weapons, then we should raise the age to purchase them from 18 to 21. Strengthen background checks. Enact safe storage laws and red-flag laws. *Repeal the immunity that protects gun manufacturers from liability. Address the mental health crisis deepening the trauma of gun violence and as a consequence of that violence.
*that is not accurate, they can be sued, the bar to sue them is higher, just like with cars.*
President Biden: (5:09) These are rational, commonsense measures. And here’s what it all means. It all means this: We should reinstate the assault weapons ban and high-capacity magazines that we passed in 1994 with bipartisan support in Congress and the support of law enforcement. Nine categories of semi-automatic weapons were included in that ban, like AK-47s and AR-15s. And in the 10 years it was law, mass shootings went down. But after Republicans let the law expire in 2004 and those weapons were allowed to be sold again, mass shootings tripled. Those are the facts.
President Biden: (3:46) Over the last two decades, more school-aged children have died from guns than on-duty police officers and active-duty military combined. Think about that: more kids than on-duty cops killed by guns, more kids than soldiers killed by guns. For God’s sake, how much more carnage are we willing to accept? How many more innocent American lives must be taken before we say “enough”? Enough.
President Biden: (16:08) My fellow Americans, enough. Enough. It’s time for each of us to do our part. It’s time to act. For the children we’ve lost, for the children we can save, for the nation we love, let’s hear the call and the cry. Let’s meet the moment. Let us finally do something.
For Friday, June 3rd, 2022, President Biden has received his daily brief. This morning he will offer remarks on May’s Jobs Report.
President Biden has tweeted…
He hasn’t yet, he will just before he starts his remarks on May’s Jobs Report.
BLS.gov reported: Total nonfarm payroll employment rose by 390,000 in May, and the unemployment rate remained at 3.6 percent, the U.S. Bureau of Labor Statistics reported today. Notable job gains occurred in leisure and hospitality, in professional and business services, and in transportation and warehousing. Employment in retail trade declined.
The revisions: The change in total nonfarm payroll employment for March was revised down by 30,000, from +428,000 to +398,000, and the change for April was revised up by 8,000, from +428,000 to +436,000. With these revisions, employment in March and April combined is 22,000 lower than previously reported. (Monthly revisions result from additional reports received from businesses and government agencies since the last published estimates and from the recalculation of seasonal factors.)
The next report is due out on July 8th, 2022.
Ben Casselman with the New York Times has the charts…
And there it is the first tweet for Friday…
President Biden’s remarks are scheduled for 10:30 a.m. D.C., time.
This is an Open Thread.
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