Fox News host Jesse Watters said Monday that the United States’ economy only appears to be doing well because President Joe Biden dumped $2 trillion into businesses that were just reopening after lengthy shutdowns.

Watters joined his cohosts on “The Five” to discuss the economy, continued supply chain issues, inflation, and a planned address on those topics that Biden had postponed until later in the week.

“President Biden bailing on a speech about inflation today as Democrats begged Joe to take action. Vulnerable liberals are reportedly worried the supply chain crisis is going to bite them in — next year’s midterms. Biden was supposed to reassure Americans after meeting with top CEOs about this issue earlier, but he abruptly scrapped those plans and rescheduled the speech where Wednesday,” cohost Greg Gutfeld began. “Jesse, what does this mean, this rescheduling? Not one day but two days?”

“My sources say Hunter relapsed. I’m kidding. I don’t have any sources. You think I have sources in the Biden White House?” Watters joked, prompting laughter from the others.

“Here’s the thing with the supply chain crisis, I’m surprised we still have one,” Watters continued. “Didn’t Joe Biden fix it when he said he was gonna keep the ports open? What happened to that great fix two months ago?”

Watters went on to note that even after the Biden administration had promised to alleviate pressures on the ports by keeping them open 24 hours a day, but that the trucks had not showed up to unload anything from the cargo ships.

“Did he solve that truck issue?” Gutfeld asked, and Watters said that the Biden Administration had imposed vaccine mandates on truck drivers — who spend most of their time on the road not contacting anyone anyway.

“And so the reason we have this also, besides moving the factories to China, is because Fauci shut down this economy,” Watters continued. “No one’s ever done that, in the history of the world, shut down the economy because of a pandemic. Why did he do it? Because it mostly affects old people. Who runs the country? Old people! Old people don’t want to die. They run things, so they’re like, all right, no one get near me. So no one got near old people, but then the old people wouldn’t let anybody else get near themselves, right?”

“So everybody stayed home, and so as we came back up, Joe dropped $2 trillion in like – I don’t know, the same month as the economy reopened the pier that is like fiscal methamphetamines and we go just — right to the moon and then inflation, the economists are like, ‘Oh, my god, I didn’t see this coming. It’s like the only profession they get paid to not see things coming. Always unexpected when you’re an economist,” Watters concluded.

“You are more entertaining than drunk history,” Gutfeld laughed.

That sounded like drunk history,” cohost Geraldo Rivera jabbed at Watters.

Rivera went on to argue that certain aspects of the economy were getting better — that more people were getting jobs and businesses were beginning to expand — but that the good news often escaped media attention because “we don’t do stories about processes working.” He also warned that another COVID spike could cause the economy to drop off if people started to get scared again or there were additional shutdowns.

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