For the second time in a week, President Joe Biden made a false claim about
inflation � and he did not get away with it as journalists and political
rivals called him out on it.
Biden told Yahoo Finance in an interview on Tuesday that inflation was at 9%
when he became president back in January 2021.
However, as fact-checkers pointed out when Biden made the same assertion
during a CNN town hall last week, inflation actually was at 1.4% when he took
office.
The latest gaffe by the president got posted to social media by the press and
the Republican National Committee (RNC), who also noted the correct statistic
A week after fact-checkers corrected Biden�s claim to CNN that
inflation was at 9% when he became president, the president
repeats it to @YahooFinance
�It was at 9% when I came in�
It was 1.4%
https://t.co/jkvPGd2ZLx pic.twitter.com/XnMha9kuJu
� Alex Thompson (@AlexThomp) May 14, 2024
�All Biden does is LIE!� Rep. Jim Banks (R-IN), who is now a U.S. Senate
candidate, said on X in response to one of the posts.
�Who told him this? Is he lying or does he have no idea what�s going on?�
asked RNC strategic communications director Tommy Pigott.
�Inflation first hit 9% in June 2022, over a year after Biden took office,�
Pigott added. �Inflation didn�t begin accelerating until after Biden forced
through his $1.9 trillion �stimulus.'�
Polling from Gallup conducted last month showed that Americans named
inflation or the high cost of living as the most important financial problem
facing their family.
GALLUP: Trend in Mentions of Inflation as the Most Important Family
Financial Problem
� April 2020 � 3%
� April 2021 � 8%
� April 2022 � 32%
� April 2023 � 35%
� April 2024 � 41% (all-time high)�
What is the most important financial problem facing your family today?�
pic.twitter.com/gHYQURUdRU
� InteractivePolls (@IAPolls2022) May 14, 2024
Forty-one percent selected inflation or the high cost of living for the
open-ended question, which is the highest figure yet in Gallup�s annual
Economy and Personal Finance poll.
The implication of Biden�s incorrect claim is that the rate was high when he
took over the White House from Donald Trump, who like Biden is running
another presidential campaign this year.
While speaking about inflation with Yahoo Finance, Biden said he believed the
rate had gone �slightly up� and �it�s now down to about 3%.�
Alluding to concerns about the economy, Biden said, �The fact is that I think
people are just uncertain and that�s why we�ve got to be steady � stay the
course.�
Biden then contended that �pay for the jobs are outpacing the inflation rate
they�re paying.� He added, �We�re going to be able to deal with this,� before
stressing, �It�s going to take a little more time.�
-- Let's go Brandon!
Re: Let's go Brandon!
Re: Let's go Brandon!