While speaking to reporters on Friday, President Joe Biden was asked about inflation.
At pone point during the press conference, a reporter asked Biden if he takes any blame for inflation.
“Do I take any blame for inflation? No.” Biden said.
“Why not?” the reporter asked.
“Because it was already there when I got here, man!” Biden shot back.
WATCH:
Reporter: "Do you take any blame for inflation, Mr. president?"
Biden: "No"
Reporter: "Why not?"
Biden: "It was already there when I got here, man" pic.twitter.com/4fhqtH3c5v
— The Post Millennial (@TPostMillennial) February 3, 2023
Claim: Inflation was already present when Joe Biden got in office therefore inflation is not his fault.
Verdict: FALSE.
During Donald Trump’s presidency, annual inflation rates were as follows.
2017: 2.1%
2018: 1.9%
2019: 2.3%
2020: 1.4%
As noted by thebalancemoney.com, a healthy inflation rate is around 2%. During Trump’s time in office, inflation hovered right around 2% through his four years as president.
Almost immediately after Biden took office, inflation began soaring.
Check out Biden’s annual inflation rates so far below:
2021: 7%
2022: 6.5%
See the graph below:
BREAKING: Biden says he takes no responsibility for inflation, says it was there when he arrived in office.
Can someone PLEASE show our dementia-ridden president this graph? pic.twitter.com/naLZUHo3uE
— Collin Rugg (@CollinRugg) February 3, 2023
The graph below shows inflation under Trump vs inflation under Biden:
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