Biden Lied, Your Wallet Died
16th May 2024
President Joe Biden’s retelling of economic history could win a fiction award.
He recently claimed in an interview that inflation “was 9% when I came into office,” even though it was 1.4% at that time. Not only is Biden lying about the historical record, but it was his policies that fueled the inflation fire.
The facts are clear: Biden was handed an economy that was recovering at an unprecedented pace. Gross domestic product was rising at an annualized rate of $1.5 trillion. Annual inflation as measured by the consumer price index was 1.4%. A monthly average of 1.5 million people were returning to work as lockdowns were lifted.