On Monday, Commerce Secretary Gina Raimondo joined CNBC's 'Squawk Box' to discuss the contrasting economic record of Vice President Kamala Harris and 45th President Donald Trump. After attempting to argue that the Biden-Harris has been better for the economy in the past three and a half years, CNBC host Joe Kernan eviscerated the Harris surrogate on national television.
"By the way, [Trump] was president. We know what that resulted in," Raimondo said before Kernan jumped in. "Seems like you kind of forgot that earlier. And the tariffs that he did put on were continued by the Biden administration. There was no recession; real wages were actually up, the stock market did well, and a lot of very positive things happened. Record low unemployment until the pandemic," he said. "So, it's just weird to act like it's a complete wildcard what kind of president he would be when you got a blueprint right there of what kind of blueprint he would be."
"And Kamala Harris has been vice president for four years, and we see exactly what kind of vice president she would be," Kernan added. After attempting to argue that there has been an increase in manufacturing jobs, the CNBC host said he had seen an "open border. I've seen real wages go down. I've seen crime."
In response to the critique, Raimondo attempted to claim that Kernan was lying about the Biden-Harris economic record regarding real wages. "Real weekly wages have gone down. Average weekly wages are still down from when Biden came into office," Kernan said. To counter the CNBC host's critique, the former Rhode Island governor tried to shift blame for the Biden-Harris record to the pandemic economy that they inherited.
Despite Rainmondo's attempts to claim that Vice President Harris would be a good caretaker of the economy, her record speaks for itself. According to the Bureau of Labor Statistics, real average hourly earnings have fallen 2.24 percent between January 2021, when Biden and Harris took office, and May 2024. Real median weekly earnings have also fallen 2.14 percent from the first quarter of 2021 to the first quarter of 2024. Most devastating, the Bureau of Economic Analysis found that real per-capita disposable personal income has decreased a staggering 9.04 percent over the same time period.
The American people know the devastating impact that the Biden-Harris administration has had on their pocketbooks. On November 5, Americans will vote with the past three and a half years of increasing prices and lower relative wages in mind.
WATCH:
🔥 MUST WATCH: @JoeSquawk torches Harris surrogate Gina Raimondo:
— Trump War Room (@TrumpWarRoom) September 30, 2024
You forgot the Trump tariffs were continued by Harris-Biden, there was no recession, real wages were up, the stock market did well, record low unemployment pre-pandemic — it's weird to act like he's a wildcard. pic.twitter.com/KTjELc8Dfa
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