RUSH TRANSCRIPT Elizabeth look ░░░░░░░░ s back with us ░░░░░░░░ White House press secretary ░░░░░░░░ Fleischer and form ther ░░░░░░░░ S treasury official Michael ░░░░░░░░ Ari first to you ░░░░░░░░ in 10 Americans tell ░░░░░░░░ Washington Post pollsters they ░░░░░░░░ worse off financially under ░░░░░░░░ That s the most ░░░░░░░░ nearly four decades of ░░░░░░░░ the poll Nearly out ░░░░░░░░ eight out of 10 ░░░░░░░░ America s going in ░░░░░░░░ wrong direction under Biden ░░░░░░░░ polls are bad for ░░░░░░░░ White House ahead of ░░░░░░░░ State of the Union ░░░░░░░░ And only 38 of ░░░░░░░░ want Joe Biden to ░░░░░░░░ for re election That ░░░░░░░░ Democrats So yeah Joe ░░░░░░░░ is sailing into tremendous ░░░░░░░░ of a historical nature ░░░░░░░░ a president who wants ░░░░░░░░ run for re election ░░░░░░░░ I were him and ░░░░░░░░ think this is what ░░░░░░░░ s going to do ░░░░░░░░ he s going to ░░░░░░░░ to be they don ░░░░░░░░ exist and he s ░░░░░░░░ to tell all the ░░░░░░░░ people that the winds ░░░░░░░░ blowing in the right ░░░░░░░░ Elizabeth but doesn t ░░░░░░░░ make his polls drop ░░░░░░░░ The question is will ░░░░░░░░ American people fall for ░░░░░░░░ Elizabeth count that make ░░░░░░░░ polls drop even more ░░░░░░░░ he does that I ░░░░░░░░ what s going to ░░░░░░░░ is we have to ░░░░░░░░ what the future holds ░░░░░░░░ the economy starts to ░░░░░░░░ around people will say ░░░░░░░░ especially people inclined to ░░░░░░░░ Joe Biden see Biden ░░░░░░░░ right If the numbers ░░░░░░░░ the way they are ░░░░░░░░ Biden will fall faster ░░░░░░░░ a Chinese balloon So ░░░░░░░░ really comes down to ░░░░░░░░ future of the economy ░░░░░░░░ Biden will try to ░░░░░░░░ the people the economy ░░░░░░░░ strong when we know ░░░░░░░░ s the not Elizabeth ░░░░░░░░ is you know well ░░░░░░░░ say it d be ░░░░░░░░ than a whale dropping ░░░░░░░░ you Michael the president ░░░░░░░░ now blowing out even ░░░░░░░░ prior exaggerations Watch this ░░░░░░░░ ve created 12 million ░░░░░░░░ Applause 12 million jobs ░░░░░░░░ we took office Applause ░░░░░░░░ s the strongest the ░░░░░░░░ the year growth in ░░░░░░░░ history and by a ░░░░░░░░ shot We paid for ░░░░░░░░ we did Cheers and ░░░░░░░░ Unlike the Republicans who ░░░░░░░░ the deficit 1 7 ░░░░░░░░ in two years Did ░░░░░░░░ ever think we d ░░░░░░░░ in a situation where ░░░░░░░░ collar workers are voting ░░░░░░░░ No no let s ░░░░░░░░ ve got to be ░░░░░░░░ map man Because they ░░░░░░░░ we forgot them Elizabeth ░░░░░░░░ Michael Laughter He s ░░░░░░░░ out deceiving the American ░░░░░░░░ The economy clawed back ░░░░░░░░ retraced and brought back ░░░░░░░░ the million jobs killed ░░░░░░░░ the pandemic shutdowns led ░░░░░░░░ Democrats He s only ░░░░░░░░ about a million jobs ░░░░░░░░ plus the deficit is ░░░░░░░░ because pandemic spending went ░░░░░░░░ That s right Liz ░░░░░░░░ mean when it comes ░░░░░░░░ deficit reduction in order ░░░░░░░░ cut it by 1 ░░░░░░░░ trillion you have to ░░░░░░░░ first run a deficit ░░░░░░░░ clash 1 7 trillion ░░░░░░░░ 7 If you look ░░░░░░░░ the worst four deficits ░░░░░░░░ ve had in the ░░░░░░░░ of our nation they ░░░░░░░░ the year of the ░░░░░░░░ the second worst was ░░░░░░░░ s first year in ░░░░░░░░ the third worse was ░░░░░░░░ financial crisis and the ░░░░░░░░ was President Biden s ░░░░░░░░ year in office Finish ░░░░░░░░ but of course the ░░░░░░░░ of last Friday that ░░░░░░░░ didn t have in ░░░░░░░░ clip there was him ░░░░░░░░ he inherited inflation If ░░░░░░░░ think about why the ░░░░░░░░ people feel so left ░░░░░░░░ during this economy it ░░░░░░░░ because wages haven t ░░░░░░░░ anywhere near enough to ░░░░░░░░ keep up with all ░░░░░░░░ the inflation that s ░░░░░░░░ induced by Biden and ░░░░░░░░ Democrats policies And so ░░░░░░░░ went from inflation being ░░░░░░░░ to inflation being Putin ░░░░░░░░ problem to now he ░░░░░░░░ the inflation When in ░░░░░░░░ inflation was only at ░░░░░░░░ 4 when he came ░░░░░░░░ office So yeah I ░░░░░░░░ t think that the ░░░░░░░░ people are going to ░░░░░░░░ for the things he ░░░░░░░░ going to try to ░░░░░░░░ them on Tuesday because ░░░░░░░░ see their own experiences ░░░░░░░░ yeah And to what ░░░░░░░░ is saying ari you ░░░░░░░░ Americans feel it They ░░░░░░░░ what s going on ░░░░░░░░ know what s going ░░░░░░░░ with their pocketbooks and ░░░░░░░░ kitchen tables as you ░░░░░░░░ out ari By the ░░░░░░░░ what is going on ░░░░░░░░ the January jobs report ░░░░░░░░ ve got two Federal ░░░░░░░░ banks now the St ░░░░░░░░ Federal Reserve and the ░░░░░░░░ Federal Reserve bank questioning ░░░░░░░░ truthfulness of the January ░░░░░░░░ report The St Louis ░░░░░░░░ says the U S ░░░░░░░░ actually lost 2 5 ░░░░░░░░ jobs in January That ░░░░░░░░ the headline 517 000 ░░░░░░░░ gain ari was driven ░░░░░░░░ a government seasonal adjustment ░░░░░░░░ governor goes in there ░░░░░░░░ does estimates 3 million ░░░░░░░░ the upside The Philly ░░░░░░░░ questioned the jobs numbers ░░░░░░░░ So you know can ░░░░░░░░ really trust this president ░░░░░░░░ his State of the ░░░░░░░░ address tomorrow night ari ░░░░░░░░ in the big picture ░░░░░░░░ we trust the president ░░░░░░░░ answer is no The ░░░░░░░░ is going to do ░░░░░░░░ all politicians do he ░░░░░░░░ going to go before ░░░░░░░░ American people and tell ░░░░░░░░ a story The story ░░░░░░░░ needs to tell is ░░░░░░░░ the economy is great ░░░░░░░░ are great foreign policy ░░░░░░░░ great he s great ░░░░░░░░ won t work unless ░░░░░░░░ turn around That s ░░░░░░░░ problem Joe Biden has ░░░░░░░░ s hard to see ░░░░░░░░ turning around under him ░░░░░░░░ and if he starts ░░░░░░░░ after MAGA voters and ░░░░░░░░ guess what He s ░░░░░░░░ president too right Michael ░░░░░░░░ this so called unity ░░░░░░░░ has completely failed at ░░░░░░░░ job that he claimed ░░░░░░░░ was going to do ░░░░░░░░ in unifying the nation ░░░░░░░░ when you saw this ░░░░░░░░ jobs report are we ░░░░░░░░ to believe that with ░░░░░░░░ people working in the ░░░░░░░░ force it s like ░░░░░░░░ million to 5 million ░░░░░░░░ cropped out of the ░░░░░░░░ S job dropped out ░░░░░░░░ the U S job ░░░░░░░░ since before the pandemic ░░░░░░░░ we ve added more ░░░░░░░░ population growth So thusly ░░░░░░░░ government adjusts the jobs ░░░░░░░░ because of the population ░░░░░░░░ That doesn t mean ░░░░░░░░ people are working Are ░░░░░░░░ really to believe this ░░░░░░░░ number when the U ░░░░░░░░ economy s flatlining at ░░░░░░░░ growth Right So the ░░░░░░░░ about the jobs report ░░░░░░░░ that if you look ░░░░░░░░ the actual number of ░░░░░░░░ employed it went down ░░░░░░░░ 2 5 million as ░░░░░░░░ cited both the St ░░░░░░░░ fed and the Philly ░░░░░░░░ having said The issue ░░░░░░░░ they had is that ░░░░░░░░ holiday hiring leads to ░░░░░░░░ 3 million job reductions ░░░░░░░░ January Well because they ░░░░░░░░ difficulty hiring people last ░░░░░░░░ retailers didn t lay ░░░░░░░░ as many people as ░░░░░░░░ normally would in January ░░░░░░░░ so that accounts for ░░░░░░░░ half a million surprise ░░░░░░░░ s that normally we ░░░░░░░░ lose 3 million jobs ░░░░░░░░ January we only lost ░░░░░░░░ 5 million and somehow ░░░░░░░░ bls spins that ahead ░░░░░░░░ the State of the ░░░░░░░░ address as a 517 ░░░░░░░░ employee gain right Ultimately ░░░░░░░░ jobs market saw 2 ░░░░░░░░ million fewer people employed ░░░░░░░░ January and that s ░░░░░░░░ s relevant for the ░░░░░░░░ going forward Elizabeth well ░░░░░░░░ you just nailed it ░░░░░░░░ you ve been great ░░░░░░░░ So we are going ░░░░░░░░ stay on this for ░░░░░░░░ State of the Union ░░░░░░░░ re going to give ░░░░░░░░ American people as best ░░░░░░░░ can thanks to you ░░░░░░░░ the truth of what ░░░░░░░░ going on with the ░░░░░░░░ The topspin you ll ░░░░░░░░ tomorrow night will be ░░░░░░░░ a picture.