In a shocking revelation, President Joe Biden, during a May 14 interview with Yahoo! Finance, made a faulty claim about inflation that had us all scratching our heads. In response to an interviewer who didn’t bother to question Biden’s economics, the president proclaimed that inflation was down by 3%, a significant reduction from his claimed 9% when he entered the office.
But let’s put the brakes on for a second! The actual inflation figure for January 2021 was a mere 1.4%. Instead of decreasing, it has escalated to an alarming 5.5% average under the Biden administration. Fact-check anybody?
Brian Sozzi, Yahoo Finance Executive Editor, seems to have glossed over the impact of the COVID-19 shutdowns and made a questionable assertion about Biden’s role in job creation, conveniently forgetting that his claim of 15 million job creations felt somewhat exaggerated without context.
The President responded to this cushy question with another false claim. Biden insisted that wages were racing past inflation. Yet, a quick fact-check tells us a different story – real wages have undoubtedly fallen. Evidence? Americans’ median weekly real earnings have dropped from $373 in 2021’s opening quarter to only $365 in 2024’s beginning quarter.
Like most of us, you must be waiting for someone in the White House to set the record straight. Instead, all we saw was White House Economic Adviser Jared Bernstein evading questions about Biden’s inflated claim about inflation.
It wasn’t just the interview that raised concerns, but on the same day, news broke out that inflation had escalated by 0.5% in April, exceeding predictions. This paints a grim picture for the future, putting the spotlight firmly on the administration to turn things around.
Consistently overlooked by the mainstream media, these facts about the Bidenomics catastrophe must reach the conservative community. Hence, you’re highly encouraged to seek truthfulness in reporting from major news outlets.
