(ReclaimingAmerica.net) – Trying to paint himself as America’s savior ahead of this year’s election, Joe Biden was caught blatantly lying once again about the country’s dire economic situation.
Watch the video below.
Biden addressed the high inflation rates in the U.S. and stated that it “was 9% when I came to office” when it actually was a mere 1.4% under former President Donald Trump.
In a discussion with CNN’s Erin Burnett, Biden defended his administration’s economic strategies when confronted with surveys revealing voters trust Trump more with economic matters.
Biden argued that he has successfully “turned around” the economy despite ongoing issues with high inflation and rising interest rates.
Official data shows inflation surged to 9.1% in June 2022, a peak not seen since the early 1980s, and has remained at an annual rate of about 3.5% as of March this year.
Critics including some leading Democratic economists suggest Biden’s massive spending in his first year contributed to rapid inflation by increasing the money supply.
During his tenure, the cost of goods and services has risen by 19%, a clear contrast to the 8% increase during Trump’s presidency.
During the interview conducted in swing-state Wisconsin, Burnett highlighted several economic challenges under Biden’s administration: a doubling in the cost of home ownership since pre-pandemic levels, a decline in real income when adjusted for inflation, below-expectation economic growth and low consumer confidence.
Asked whether he was concerned about running out of time to improve the economy before the upcoming election, Biden responded confidently, “We’ve already turned it around.”
He cited a survey from the University of Michigan, claiming, “65% of the American people think they’re in good shape economically. They think the nation is not in good shape. They’re personally good shape. The polling data has been wrong all along.”
Biden blamed the persistent inflation on “corporate greed” and “shrinkflation,” though he had previously blamed COVID-19 supply chain issues and the geopolitical impact of Russia’s invasion of Ukraine.
He said he was frustrated over the inflationary impact on everyday items like groceries, which have seen a significant price increase since the pandemic began.
In response to Biden’s remarks, the pro-Trump super PAC MAGA Inc issued a press release criticizing Biden’s assertion that he had “turned around” the economy.
The release highlighted the increase in credit card debt and the percentage of Americans living paycheck-to-paycheck under Biden’s administration.
Biden tells @ErinBurnett that “inflation was 9% when I came into office!”
That is a blatant lie.
When Biden took office, inflation was 1.4%. It peaked at 9.1% in June 2022, 18 months into his term.
Then, he blamed it on “Putin’s Price Hike”.pic.twitter.com/Wp8pAHJ4lS
— Geiger Capital (@Geiger_Capital) May 8, 2024
Biden lies and says inflation was 9% when he took office. It was in fact sub 2% when he took office. As the chart shows, inflation took off AFTER Biden took office. pic.twitter.com/EKUl9IiZVL
— Justin Pulitzer (@JustinPulitzer) May 8, 2024
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