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WATCH: Biden SNAPS At Reporters For Questioning His Economy: ‘My Policies Are Working!’

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3 months ago

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In a rare encounter with the press, President Joe Biden emphatically defended his economic policies when questioned about the persistent issue of inflation, claiming that his administration’s approach is effective.

“Has the U.S. beats inflation, Mr. President?” asked one reporter.

“We’re going to have a soft landing. My policies are working. Start writing that way, okay?” Biden stated.

The president’s claims about the state of the economy and the effectiveness of his policies stand on shaky ground when examined against actual inflation data. In the past Biden suggested that the inflation rate was significantly higher when he took office, a figure far removed from reality.

WATCH:

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Official statistics show that the year-over-year inflation rate in January 2021, the month of Biden’s inauguration, was approximately 1.4%. In the final months of the Trump administration, the United States experienced unusually low inflation rates.

As of March 2024 the inflation rate was recorded at about 3.5%, showing a slight increase from the previous month’s rate of 3.2%. This rate indicates that while inflation has indeed decreased from its mid-2022 peak, it remains higher than when Biden assumed presidency.

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