Tuesday, June 21, 2022

Biden’s False Claims Soaring Faster Ehan Prices at the Pump; Biden gets testy, falsely claims inflation in ‘every other major industrialized country' higher than US; Debunking 10 of Joe Biden’s lies about the state of the US economy

AP Photo/Evan Vucci
Biden’s false claims soaring faster than prices at the pump:
President Biden is telling whoppers faster than inflation is rising.
Whether he’s talking about the state of the economy or his exploits in college, the purported “facts” presented by the president don’t hold up to the most basic check.
His favorite falsehood in recent weeks is that Americans are better off financially under his leadership.
“Since I took office, families are carrying less debt; their average savings are up,” Mr. Biden told a union audience in Philadelphia.
It’s untrue. Total credit card debt hit a record high in April of $1.103 trillion, slightly higher than its pre-pandemic level. Federal Reserve data shows that total household debt has risen by $1.5 trillion since Mr. Biden took office.
Household debt payments as a percent of disposable income also have risen since the first quarter of 2021, according to the Fed.
Rep. Darrell Issa, California Republican, said of the president’s claims, “He has no idea what he’s talking about.”
Another spurious claim, also made by the president in Philadelphia, is that inflation “is worse everywhere but here.” It’s false. --->READ MORE HERE
Evan Vucci / AP Newsroom
Biden gets testy, falsely claims inflation in ‘every other major industrialized country' higher than US:
President Biden appeared to get defensive during an interview Thursday when asked if his energy policies were to blame for inflation.
In his first interview with The Associated Press, the president – running contrary to what many economists are forecasting after the Federal Reserve raised interest rates – said a recession was "not inevitable."
"We’re in a stronger position than any nation in the world to overcome this inflation," Biden said, pointing to 3.6% unemployment rate and America’s relatively strong standing in the world.
At the notion that his administration’s policies were responsible for the worst inflation in 40 years and record-high gas prices, the president reportedly bristled. --->READ MORE HERE
Follow link below to a relevant/related stories:

+++++Debunking 10 of Joe Biden’s lies about the state of the US economy+++++

Biden strains for a message on deteriorating economy

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