Louisville, Ky. (September 22, 2023) – Daniel Cameron released the following statement in response to new numbers showing Kentucky’s economy suffering under Andy Beshear and Joe Biden.
“Andy Beshear and Joe Biden’s agenda means fewer people working, more people on unemployment, and less money in your pocket,” Daniel Cameron said. “There are now more than 80,000 people on unemployment and the system Andy oversees still isn’t fixed. What is Andy’s solution to increasing workforce participation? Putting more able-bodied people on Medicaid. Andy Beshear and Joe Biden have the same answer for everything: higher taxes, more spending, and more government dependency. As governor, I will eliminate our income tax and get people back to work.”
Here are the facts about Kentucky’s economy under Joe Biden and Andy Beshear:
- Beshear and Biden’s Agenda is robbing Kentuckians of their hard-earned income. Inflation surged to 3.7 % year-over-year in August and remains more than twice the rate it was when Biden took office. Prices have gone up by 17.4 % under Biden. Inflation-adjusted household income fell last year by the most in over a decade.
- Kentucky’s unemployment rate is higher than the national average. Kentucky’s unemployment rate rose to 4%, which is higher than the U.S. seasonally adjusted jobless rate of 3.8%.
- More than 80,000 people are on unemployment. The number of unemployed increased by 2,836 to 81,966. The system overseen by Beshear still hasn’t been fixed and he still hasn’t hired anyone to fix it.
- Kentuckians continue to fall out of the workforce. 3,843 Kentuckians fell out of the labor force in the month of August.
- There are fewer people working today than the day Andy Beshear took office. The number of people employed in Kentucky fell to 1.96 million, lower than the number of people working when Beshear took office in December 2019.
- Beshear said on Wednesday he supported expanding Medicaid to more able-bodied workers and making taxpayers pay for it. At the Kentucky Chamber of Commerce Annual Meeting, Beshear advocated for further expanding Medicaid.