President Joe Biden’s questionable assertion that inflation was 9% when he began office compelled the White House to defend it this week.
Although Biden has stated this twice, in January 2021, inflation was really only 1.4%. In June 2022, after he had been in office for about 18 months, it did rise to 9%. Press secretary Karine Jean-Pierre discussed broader economic factors in response to a reporter bringing up the disparity.
She explained, “He was making the point that the conditions for inflation existed when he joined the government.” “The epidemic broke our supply networks and disrupted our economy, causing inflation all around the world.”
The reporter had questioned if Biden was purposefully misrepresenting the public or if he had just failed to notice that inflation was 1.4% at the time he assumed office.
Jean-Pierre went on: “Reopening following the epidemic unavoidably raised inflation by unleashing pent-up demand.” In 2021, the second term saw an annualized core CPI [consumer price index] of 9%. He was talking about the circumstances that led to that.
Since the spring of his first year in office, when inflation started to rise, Biden has struggled. After reaching a peak of 9.1% in June 2022, it fell significantly over the following year. By May 2021, it had risen to 5%. Even so, it is still high today at 3.4%, far more than the Federal Reserve’s 2% goal.
“No president’s had the run we have had in terms of creating employment and driving down inflation,” Biden said in an interview with CNN, announcing the 9% claim. When I got to work, it was 9%. After that, he sent Yahoo Finance an identical version of it, saying, “It was at 9% when I walked in, and it is now down about 3%.”
With the comment, “Biden’s price rises are destroying the American dream,” former President Donald Trump was among the Republicans delighted to draw attention to the mistake.
Author: Blake Ambrose
These people who believe that inflation is down must not ever buy anything at the stores. Most Americans, not illegals, are having a hard time trying to live from month to month, especially the retired people living on fixed incomes like Social Security. I know, I am one of them,. This country has never been in the shape it is in in my lifetime, and I am 93 yrs old. How anyone, regardless of their politics could condone what Biden has done to this country is unbelievable.
I am also retired and it’s very difficult. Biden has been a disaster to this country.
This White House has been a total failure to the citizens of this country .
The country is failing. All of us.
I agree. Biden is a mess. Such poor leadership .
I love the fact that Biden Administration is taking credit for creating jobs when waht is really happening is those jobs are existing jobs are just jobs refilled.Many of those jobs are parttime jobs being filled by people who already work a fulltime job to make ends meet.
The country is failing. All of us. There are no jobs. These are lies
This administration has failed big time.
He needs to be impeached for what he has done and in prison for It and hoo ever is calling the shots right along with him
Obama for most.
They lie, they cover up, they have well paid jobs and do not have to worry but most of us are struggling to even afford food and medical needs. I too am on Social Security and my husband works 3 days a week at the age of 75 because we otherwise would lose our home due to soaring prices of food, gas and medical as well as property taxes nearly tripled and Washington state is one of the highest taxed states in the union with most revenue going to 13 counties on the west side while 30 counties suffer
When Ms. Jean-Pierre said that Mr. Biden “was making the point that the conditions for inflation existed when he joined the government,” she completely ignored the concept that the conditions for inflation have always existed since the creation of money. What she could have meant was that Biden knew he was going to greatly increase inflation, and was aware that the conditions were perfect for that action.
Biden is the worse president we have had since Jimmy Carter. No one can buy food or housing. People on fixed incomes can’t make ends meet. Credit card usage up way up and interest is around 20%. Due opened the borders and now we have millions of illegal aliens we have to pay for. He forgave college debt for some with my tax dollars and I still have to pay my granddaughters tuition. Hospitals are over run with illegals and some are shutting down. I saved so I could retire not support illegals. It’s hard enough to feed and cloth my own family . I. CAnt move because houses are so high in my area. This is not the America I knew. Biden and the democrats are destroying this country.
Absolutely right, Linda. Biden is probably the worst president we have EVER had. I’m really hoping that Trump beats Biden come November. If he doesn’t, I see the possibility of a second civil war coming. Either that, or American becomes a servant of the Chinese.
“…when he joined the government…?” Seriously? He joined the government before 75% of the world’s population was born. And he’s been lying and cheating and plagiarizing since DayOne.
Schmo BYEdumb is 2 days older than DIRT! Motherfucking asshole senile braindead incompetent diaper filling bastard pedophile needs to go back in his basement with his doped up tapioca and his Judge Wapner reruns. Fuck him to HELL
Why does everyone come to this demented individual’s defense just to say what we think he said. It is clear he has no more idea what he is saying. Sad that we have to put with both————a demented old man and his handlers telling us what he really meant to say.
As the Biden & Dems keep gaslighting Americans, who are living with the fallout of their disastrous policies, the rage of the voters, even the stupidest ones, is building. After Biden’s first debate in June, assuming it even happens, people will see why Biden needed 5 edits to complete a recent 13-second quip. Trump will mop the floor with him, despite all the rigged rules, which Trump will also pound mercilessly. Once the DNC processes that debacle, Biden will be removed before or during the convention, assuming that even happens.
My main worry is they will cheat like last time and we’ll be right back where we started from….since nobody but Trump pressed the cheating issue and they are getting away with everything….even trying to throw a political opponent in jail….I’m very worried…if more people don’t wake up and step up…our country will be lost as we have known it.
Nothing new!Biden is a Democrat and all they do is lie to their brainless followers.