Biden wonders why he’s so unpopular; however, he keeps making dumb claims.
Recently, President Biden made a statement claiming that when he took office, the inflation rate was 9%. He reiterated this figure not just once but twice within a week—first in an interview with CNN and then again during a chat with Yahoo Finance. In these discussions, he said, “No president’s had the run we’ve had in terms of creating jobs and bringing down inflation. It was 9% when I came to office, 9%.”
First off, Biden didn’t create jobs. He just happened to be in office when the job market picked up following COVID.
But let’s look at the facts. According to official data, the inflation rate in January 2021, when Biden was inaugurated, was actually around 1.4%—quite a difference from the 9% mentioned. Interestingly, the inflation did reach around 9.1%, but that was in June 2022, well into his presidency.
SINCE BIDEN TOOK OFFICE:
Gas: +55.5%
Groceries: +21.3%
Eating out: +21.8%
Baby food: +30%
Pet food: +23.1%
K-12 food: +64.9%
Rent: +20.8%
Electricity: +28.5%
Natural gas: +22%
Used cars: +20.4%
Airfare: +38.2%
Public transportation: +26.1%
Real average weekly earnings: -4.4%— Jacki Kotkiewicz (@jackikotkiewicz) May 15, 2024
Fast forward to now, in March 2024, the latest figures show that the inflation rate is about 3.5%, slightly up from the previous month’s 3.2%. This shows a decrease from the peak in 2022, but it’s important to note that the current rate is still higher than when he started.
It’s also worth noting that during the final months of the Trump presidency, inflation was low.
A White House official explained that President Biden’s comments were meant to highlight that the factors leading to inflation were already in place when he took office, pointing out that the pandemic had a global impact, disrupting economies and breaking supply chains.
That’s called a poor excuse. Note that Biden is not putting a plan together to lower inflation; he’s just whining and making excuses.
For the second time in less than a week, Biden claims inflation was at 9% where he came into office. That’s his new reality now… he is toast. (Inflation was 1.4% when he took office) pic.twitter.com/MKAr6SkExk
— The Nunn Report US w/ Dan Nunn (@TheNunnReportUS) May 15, 2024
