ABC Fact-Checks Biden’s Claim Inflation Was 9% When He Took Office

President Joe Biden has come beneath hearth this week for falsely claiming that voters have been fallacious in charge him for top inflation as a result of it “was 9% when I came to office” — it was truly simply 1.4%.

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

Biden defended his financial insurance policies after Burnett pressed him on the truth 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 financial system, regardless of persistently excessive inflation and rates of interest. Inflation crept up shortly after Biden took workplace earlier than surging to charges unseen for the reason that early Nineteen Eighties, peaking at an annual fee of 9.1% in June 2022 — 17 months after he took workplace,” the New York Post noted.

“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,” the outlet added.

The NY Post continued: “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.”

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“Voters by a wide margin trust Trump more on the economy — they say that in polls — and part of the reason for that may be the numbers,” Burnett advised Biden throughout a day-trip to swing-state Wisconsin.

“And you’re aware of many of these, of course: the cost of buying a home in the United States is double what it was — when you look at your monthly costs — from before the pandemic, real income when you account for inflation is actually down since you took office, economic growth last week fell short of expectations, consumer confidence — maybe no surprise — is near a two-year low.”

Burnett requested: “With lower than six months to go to election day, are you frightened that you just’re operating out of time to show that round? “

“We’ve already turned it around,” Biden insisted.

“Look at the [University of] Michigan survey — 65% of the American people think they’re in good shape economically. They think the nation is not in good shape. They’re personally good shape. The polling data has been wrong all along.”

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

“I mean, grocery prices are up 30% — more than 30% — since the beginning of the pandemic. And people are spending more on food and groceries than they have at any time, really, in the past 30 years. I mean, that’s a real day-to-day pain that people feel.”

“It’s real,” Biden replied, including, “But the fact is that if you take a look at what the people have, they have the money to spend; it angers them and angers me that you have to spend more. For example, the whole idea of this notion Senator [Bob] Casey [of Pennsylvania] talked about, shrink inflation. For example, Snickers bar they did a thing, and it’s like 20% less for the same price. That’s corporate greed, it is corporate greed. And we’ve got to deal with it.”

Even the fact-checkers at ABC News referred to as out Biden’s false declare.

Below is a transcript, through Grabien:

Biden: “It was 9 percent when I came into office, nine percent.”

Reporter (voice-over): “Inflation was actually 1.4 percent when Biden was sworn in peaking at 9.1 percent in June 2022. It has since come down to 3.5 percent, preventing a further drop housing costs. In New York City one survey found rent is rising seven times faster than wages. In California, a condo in West Hollywood just sold for record smashing $24 million. Food costs also playing a role, grocery prices are up 26 percent since 2019, and fast food prices are up 33 percent. Many consumers saying enough is enough.”

UNKNOWN FEMALE: “I don’t mean to be broke. But for an 8 count menu and a lemonade, $14.”

UNKNOWN FEMALE: “I joked that this was fine dining now because I might as well go at a sit-down restaurant and be served if I’m going to pay those type of prices.”

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