News/Commentary

Biden’s weekly whoppers: NOT experiencing record inflation, gas was over 5$ a gallon when I took office

October 28, 2022 | | Print Article

President Joe Biden continues to lie about his economic record, and the biased establishment media’s “fact-checkers” continue to be nowhere to be found.

His latest lie came during a NewsNation interview Thursday.

“You’ve referred to the midterm election as a choice rather than a referendum. Given record inflation, why should voters choose Democrats?” a NewsNation reporter asked him.

“Because it’s not record inflation anymore. I’m bringing it down,” the president replied, lying through his teeth but with no pushback from the reporter.

“Look what we inherited. I inherited 6.5 percent unemployment. It’s down to 3.5 percent. We lost hundreds of thousands of manufacturing jobs. We’ve created over 700,000 manufacturing jobs. Things are moving,” he continued.

“As that [GDP] report showed, you have people who are now in a position where the combination of pay raises and job security, they’re now better off, even with inflation than they were before it,” the president added.

Everything he said was a distortion of the truth.

While it’s true that inflation has dropped slightly from the 9.1 percent inflation recorded in June, it still remains extraordinarily high at 8.2 percent.

As for unemployment, it’s dropped because Democrat governors have within the past year finally stopped locking down their constituents, thus allowing their local economies to return to their pre-COVID levels.

Lastly, in no way, shape, or form are Americans better off now wages-wise than they were during former President Donald Trump’s presidency.

The data proves it:

Yet, as of Friday morning, nobody in the establishment press had fact-checked the president, aside from Fox Business Network.

“When Biden took office in January 2021, the consumer price index, which measures prices of everyday items such as gasoline, groceries and rents, was climbing at a 1.4% annualized basis. In September, prices climbed by 8.2% on an annual basis,” FBN noted in its own fact-check.

“When compared to last year, core prices, which exclude food and energy, rose at by 6.6%, the fastest rate since 1982. September’s consumer price index figures also show an increase of 0.4% in everyday goods, including groceries, rent and gasoline when compared to the previous month,” the fact-check continued.

The president also evidently lied while delivering a speech Thursday in Syracuse, New York.

“The economy grew at 2.6 percent rate last quarter. And although it may not feel like it for everyone, people’s incomes went up last quarter more than inflation went up,” he said, continuing to lie without any meaningful pushback.

“So economic growth is up, the price of inflation is down, real incomes are up, and the price of gas is down. Folks continue to spend, but now at a more stable pace than during our rapid recovery last year. Businesses continue to invest in America,” he added.

Listen:

Instead of calling out his lies, the media rushed to report them verbatim.

Here’s one example from ABC News:

(Source: ABC News)

But economic growth is not actually up.

“Ignore the headline number—growth rates are slowing. It wouldn’t take much further slowing from here to tip the economy into a recession,” Bank of America chief U.S. economist Michael Gapen said to The New York Times.

“If you take a step back and look at GDP, it’s gone effectively nowhere over the last year. One quarter or two it’s down a bit. This quarter it’s up a bit. But net-net, we’re kind of treading water,” Moody’s Analytics chief economist likewise said to NPR.

FYI, the comments were made to these respective outlets as per stories about the economy, not stories fact-checking the president’s lies. For actual fact-checks, one must look to Republicans on Twitter.

Case in point from the Twitter account of Indiana House candidate Jennifer-Ruth Green, a Republican:

During the same Syracuse speech Thursday, the president also lied about the price of gas when he took office in January 2021.

“Today, the most common price of gas in America is $3.39 — down from over $5 when I took office,” he said.

Listen:

Fact-check: GROSSLY FALSE.

When the president took office, gas was priced at $2.39 per gallon. In addition, the current average gas price, per AAA, is $3.761, NOT $3.39.

Also, the price of gas is expected to skyrocket once more as soon as the president stops releasing oil from the Strategic Petroleum Reserve after the midterm elections.

Facts matter, the president and his media allies routinely argue, yet for some reason, they never seem to matter when the president’s weaving narratives about his allegedly booming economy.

Nor do the facts seem to matter when the president is telling personal anecdotes.

“I married a beautiful woman from Skaneateles Lake. I met her on spring break and fell head over heels in love with her and gave up a starting job on the football team in Delaware to come up … every weekend because I couldn’t stay away,” he also said during his Syracuse speech.

Not shockingly, this too was a lie. According to The Daily Pennsylvanian, he quit the team because his grades were atrocious.

“[B]y Biden’s own admission, he did not last long on the team that year, quitting after the fall season to focus on his studies after earning a dismal 1.9 grade point average,” the outlet reported in a profile piece published two years ago.

Vivek Saxena
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