Biden Doesn’t Know What He’s Talking About, Part 1 Million

 Biden Doesn’t Know What He’s Talking About, Part 1 Million

https://www.nationalreview.com/the-morning-jolt/what-caused-an-explosion-at-a-texas-energy-plant/?utm_source=Sailthru&utm_medium=email&utm_campaign=MJ_220622&utm_term=Jolt-Smart

Scroll down for this story. Excerpt: Monday, before returning to the White House from his beach house in Delaware, President Biden said:

We also can move in a direction that we can provide for the tax — increasing the tax — taxes on those in the — in the corporate area, as well as the individuals as it relates to Trump’s tax cut, which is inflation. You know, if you’re going out and buying a yacht, it doesn’t help the economy a whole lot.

Actually, almost all of the yachts purchased by Americans in any given year are made right here in the U.S. by an industry with an estimated value of around $3.2 billion. Ninety-five percent of all boats purchased by Americans are made in the U.S., and U.S. marine manufacturing supports an estimated 691,000 direct and indirect jobs and 35,000 American businesses across the country, according to the National Marine Manufacturers Association. According to the U.S. Department of Commerce, “outdoor recreation accounts for 1.8 percent of U.S. GDP, generating $689 billion in gross economic output, of which recreational boating and fishing is the single largest segment, contributing nearly $31 billion in gross output and supporting 4.3 million American jobs.”