Posted on 05/09/2024 9:45:47 AM PDT by BradtotheBone
President Biden claimed on Wednesday that inflation was at 9% when he entered the White House in January 2021, when, in fact, the consumer price index (CPI) was at a mere 1.4% at the time.
"No president has had the run we’ve had in terms of creating jobs and bringing down inflation," Biden told CNN's Erin Burnett in an interview. "It was 9% when I came to office – 9%."
It’s a notion Biden has alluded to before. In April, the president said: "Look, we have dramatically reduced inflation from 9% down to close to 3%. We’re in a situation where we’re better situated than we were when we took office where we – inflation was skyrocketing."
But under Biden's watch, the inflation rate ballooned from 1.4% to 9.1% in June 2022. While it has now declined to 3.5% as of March 2024, it remains well above the Federal Reserve’s target rate of 2%.
Biden's claims come as he attempts to make the case to the American people that the economy is better under his "Bidenomics" agenda than it was under his predecessor, former President Donald Trump, whom he is running against for a second term.
(Excerpt) Read more at msn.com ...
Its gonna get worse.
Someone should send this story to that idiot Paul Ryan...
He didn’t say: “Not a joke”
“I kid you not”………he didn’t…….😉
Typical.
He is Obama doing white face.
If Trump had said that inflation was 4% when he took office and it was actually 3.8%, the fact-checkers would call him on it and add it to their list of Trump “lies.” But Biden’s more than 600% error will probably go unmentioned by most fact-checkers.
It’s really 13 percent now.
Yes, I believe that we have not see the worse of this mess yet. IF President Trump manages to win in November, it will take him many months to straighten this mess out. That could put the corrections out to late 2025 or early 2026. If the dims manage to steal this election, they will double down on their destructive policies.
Democrat Joe Biden lies and lies and lies and lies and lies.
Then he lies some more.
he lies so easily.......wonder how old he really is.....hes been lying about that a long time.
Most people don’t understand that inflation is cumulative.
President Biden claims...
Whatever it is, it is a lie.
No point in listening to this senile old grifter.
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