Joe Biden continues to spout lies about the state of the economy when he took office in an attempt to make it look like he’s doing a good job as president.
In a recent interview with CNN, Biden claimed that inflation was nine percent when he took office in January 2021.
It wasn’t, it was 1.4 percent.
No president had the run we’ve had in terms of creating jobs and bringing down inflation. It was 9 percent when I came into office, 9 percent. But it — look, people have a right to be concerned, ordinary people. The idea that you bounce a check and you get a $30 fee for bouncing the check, I changed that, you can’t charge more than 8 bucks for that or your credit card, your late payment, $35. There’s corporate greed going on out there, and it’s got to be dealt with.
The combination of the inflation, the cost of inflation, all those things, that’s really worrisome to people, with good reason. That’s why I’m working very hard to bring the cost of rentals down, to increase the number of homes that are available.
Watch
CNN: "Grocery prices are up 30%+ … that's a real day-to-day pain that people feel…"
— RNC Research (@RNCResearch) May 8, 2024
BIDEN: "They have the money to spend!"
Then he repeats the debunked lie about Snickers bars and "corporate greed." pic.twitter.com/3qJDyK1bvy
The actual figure was 1.4 percent, according to the official data from the Consumer Price Index.
During the interview, Erin Burnett confronted Biden with the fact that voters trust Trump far more than him on the economy.
BURNETT: It’s also true, Mr. President that voters, by a wide margin, trust Trump more on the economy. They say that in polls. The cost of buying a home in the United States is double – if you look at what it was, the monthly costs before the pandemic.Real income, when you account for inflation is actually down since you took office.
Economic growth last week, far short of expectations. Consumer confidence, maybe no surprise, is near a two-year a low. With less than 6 months until Election Day, are you worried that you are running out of time to turn that around?
BIDEN: “We already turned it around! The polling data has been wrong all along!”
READ: Barron Trump Set to Step into the Political Arena: ‘You’re Afraid of the Wrong Trump’
