Wrong Again, Joe! Old Man Biden Has No Idea What Inflation Was at When He Took Office [Watch]

No pushback from CNN…

During his interview with CNN on Wednesday night, President Biden claimed that inflation was at 9% when he took office when it was actually at 1.4%. CNN didn’t correct him.

“No president has had the run we’ve had in terms of creating jobs and bringing down inflation,” Biden told CNN’s Erin Burnett. “It was 9% when I came to office.”

Watch the clip below:

NEW: CNN gives zero pushback after President Biden claims inflation was at 9% when he got into office.

Inflation was actually at 1.4% when Biden took office.

Biden: “No President has had the run we've had in terms of creating jobs and bringing down inflation. It was 9% when I… pic.twitter.com/UxtlutPUjG

— Collin Rugg (@CollinRugg) May 9, 2024

From The New York Post:

The 81-year-old president defended his economic policies after Burnett pressed him on the fact that “voters by a wide margin trust [former President Donald] Trump more on the economy.”

Biden insisted ahead of his November rematch against Trump that he already “turned around” the economy, despite persistently high inflation and interest rates.

Inflation crept up shortly after Biden took office before surging to rates unseen since the early 1980s, peaking at an annual rate of 9.1% in June 2022 — 17 months after he took office.

Inflation has remained stubbornly high at an annual rate of 3.5% as of March.

Biden’s critics, including prominent Democratic economists, say massive spending passed during Biden’s first year in office fueled the rapid loss of a dollar’s buying power by effectively printing more money.

Since Biden took office, the average prices of goods and services have increased 19%, according to Bureau of Labor Statistics data.

During Trump’s four years in office, by comparison, prices increased by 8%, or roughly 2% per year.

More over at The New York Post:

Biden claims inflation was 9% when he came into office — when it actually was 1.4% https://t.co/L2Oj5crNFc pic.twitter.com/YVNGFFg4iA

— New York Post (@nypost) May 9, 2024