Tuesday, March 19, 2024
55.3 F
Oxnard
More

    Latest Posts

    United States Socialist Republic book by HG Goerner

    Delusional Biden Dodges Blame For Inflation: ‘It Was There When I Got Here, Man’

    daily caller

    By Mary Lou Masters

    President Joe Biden refused to take responsibility Friday for high levels of inflation when asked by a reporter if he was to blame, instead arguing elevated prices were a problem during the previous administration.

    When asked by a reporter if he took any blame for inflation, Biden responded “no.” When asked why, he answered, “It was there when I got here, man.”

    “Remember what the economy was like when I got here? Jobs were hemorrhaging, inflation was rising, we weren’t manufacturing a damn thing here, we were in real economic difficulty, that’s why I don’t,” Biden said.

    The Consumer Price Index (CPI), a key measure of inflation, was at 1.4% in January 2021, when Biden took office, but dramatically increased throughout his presidency, according to data from the Department of Labor. Following the president’s first month in office, CPI rose to 1.7% in February, 2.6% in March, 4.2% in April, and grew to 7% by the end of 2021.

    Biden signed into law several massive multi-trillion dollar spending bills, including the American Rescue Plan and the Inflation Reduction Act.

    In July 2022, Biden experienced the highest inflation rate of his presidency, at 9.1%, according to Department of Labor data.

    According to employment data from the Bureau of Labor Statistics, the U.S. economy added 517,000 jobs in January, with the unemployment rate clocking in at 3.4%. Economist had originally expected 187,000 additional jobs.

    SOURCE

    The views and opinions expressed in this commentary are those of the author and do not reflect the official position of Citizens Journal


    TELL YOUR FRIENDS ABOUT CITIZENS JOURNAL  Please keep us publishing – DONATE

    - Advertisement -
    0 0 votes
    Article Rating
    Subscribe
    Notify of
    guest

    0 Comments
    Inline Feedbacks
    View all comments

    Latest Posts

    advertisement

    Don't Miss

    Subscribe

    To receive the news in your inbox

    0
    Would love your thoughts, please comment.x
    ()
    x