President Biden repeated his false claim that inflation was 9% when he first took office, less than a week after being accused of making a similar claim.
A conversation with Yahoo! about his newly announced financial situation Tariffs on ChinaBiden acknowledged the impact inflation has had on Americans, but defended his handling of the economy.
“Inflation has gone up a little bit,” Biden told Yahoo. Mr. Brian Sozzi of Finance. “When I joined the company, it was 9%, but now it’s down about 3%.”
Inflation rate was 1.4% When Biden took the oath of office in January 2021, interest rates peaked at 9.1% in June 2022. As of March 2024, it is 3.5%, which is higher than the Federal Reserve’s target interest rate of 2%.
New York Post scolds Biden for ‘lying a bit’ during ‘Fantasyland’ CNN interview
In an interview with Yahoo!, President Biden repeated his false claim that the inflation rate was 9% when he first took office. finance. (Screenshot/Yahoo! Finance)
Biden made similar claims to CNN’s Erin Burnett last week, but like Sozzi, Biden did not dispute the falsehoods.
“No president has ever done a better job creating jobs and lowering inflation. When I took office, it was 9%. It was 9%,” Biden told Barnett.
David Axelrod slams Biden’s defiant stance on economy after CNN interview: ‘Terrible mistake’
Multiple media outlets fact-checked Biden’s comments. Snopes gave it a “False” rating.
According to FactCheck.org, White House officials said President Biden was trying to convey inflationary factors such as the supply chain crisis that began before he took office.
President Biden announced new tariffs on China in a speech in the White House Rose Garden on May 14, 2024. (Tierney L. Cross/Bloomberg via Getty Images)
Biden faced fresh criticism on social media on Tuesday for apparently lying about inflation for the second time in a week.
“Biden is full of lies!” wrote Republican Rep. Jim Banks.
“Democrats are wondering why this message doesn’t work because it sends a message that Democrats think voters are stupid,” wrote Hugo Gurdon, editor-in-chief of the Washington Examiner.
”[U]”Condemning the president when he tells a blatant lie is very important to every very serious defender of democracy…and it used to be,” said Republican strategist Logan Dobson. Ta.
The White House did not immediately respond to Fox News Digital’s request for comment.
Polls continue to show Biden trailing former President Trump in key battleground states, especially on issues that affect voters, such as the economy.
Biden claims inflation was ‘skyrocketing’ when he took office, despite data showing the contrary
In an interview with CNN about the economy, Biden appeared defensive, saying, “We’ve already turned things around,” before replying that most Americans are “personally in good shape” economically. He reiterated this in an interview with Yahoo, citing a public opinion poll. Financial interview.
“The poll data has been wrong all along. You’re doing polls on CNN, but how many people do you have to call to get one answer?” Biden asked Barnett. vehemently criticized. “The idea that we are in a very dire situation. …When I started this administration, people said there was going to be an economic collapse. Our economy is the strongest in the world. Let me say it again. ”, in the world. “
President Biden was accused of making false claims about inflation in an interview with CNN last week. (Screenshot/CNN)
This attitude did not sit well with David Axelrod, Obama’s former top adviser.
“That’s absolutely true. The world went into economic crisis with the pandemic, America went into economic crisis, and we bounced back faster than any other country. He’s right about that. But it’s different’ people are experiencing an economy,” Axelrod told Burnett after the interview.
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“They’re experiencing it through the lens of the cost of living. And he’s someone who has built a career on empathy. Why not lead with empathy?”
He added: “And I think he’s making a terrible mistake. … If he doesn’t win this race, it might not be Donald Trump who beats him. It’s his own “Maybe it’s pride,” he continued.
