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Economy/Business / White House on Biden’s 9% Inflation Claims: We Had 9% Inflation Soon After He Took Office, The Facto
« Last post by mystery-ak on Today at 01:53:38 pm »White House on Biden’s 9% Inflation Claims: We Had 9% Inflation Soon After He Took Office, The Factors Were There
Ian Hanchett 17 May 2024
On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein defended President Joe Biden’s repeated assertions that inflation was 9% by claiming that “the annual growth in core inflation in the second quarter of ’21 was, in fact, about 9%” and that Biden was making the point that “the factors that caused inflation to climb to 9% were in place when he took office.”
Host Neil Cavuto asked, “Jared, why does he keep saying that? You’re his top economic — you’re the head of the Council of Economic Advisers. Do you ever whisper in his ear, Mr. President, just to be technical about it, it wasn’t 9% when you assumed office, it was 1.4%. It got as high as 9% in 2022, you brought it down from that, but it was never, ever, ever 9% when he came into office? So, why does he keep saying it?”
Bernstein responded, “Well, first of all, let me point out that, in that very quote you played, the President talked about how concerned he was for households struggling with prices that he consistently –.”
Cavuto then cut in to ask, “That’s not what I asked you. Why does he keep misrepresenting this?”
Bernstein answered, “He’s making the point that the factors that caused inflation to climb to 9% were in place when he took office.”
Cavuto then cut in to ask, “No, that’s not what he said. He said it was at 9%. It would eventually get to 9% a little over a year after that. But the fact of the matter is it wasn’t 9%. So, if I can’t trust him quoting data in real-time, why should I believe what he’s talking about now?”
https://www.youtube.com/watch?v=9r5FW1babZA&ab_channel=FoxBusiness
more
https://www.breitbart.com/clips/2024/05/17/white-house-on-bidens-9-inflation-claims-we-had-9-inflation-soon-after-he-took-office-the-factors-were-there/
Ian Hanchett 17 May 2024
On Thursday’s broadcast of the Fox Business Network’s “Cavuto: Coast to Coast,” White House Council of Economic Advisers Chair Jared Bernstein defended President Joe Biden’s repeated assertions that inflation was 9% by claiming that “the annual growth in core inflation in the second quarter of ’21 was, in fact, about 9%” and that Biden was making the point that “the factors that caused inflation to climb to 9% were in place when he took office.”
Host Neil Cavuto asked, “Jared, why does he keep saying that? You’re his top economic — you’re the head of the Council of Economic Advisers. Do you ever whisper in his ear, Mr. President, just to be technical about it, it wasn’t 9% when you assumed office, it was 1.4%. It got as high as 9% in 2022, you brought it down from that, but it was never, ever, ever 9% when he came into office? So, why does he keep saying it?”
Bernstein responded, “Well, first of all, let me point out that, in that very quote you played, the President talked about how concerned he was for households struggling with prices that he consistently –.”
Cavuto then cut in to ask, “That’s not what I asked you. Why does he keep misrepresenting this?”
Bernstein answered, “He’s making the point that the factors that caused inflation to climb to 9% were in place when he took office.”
Cavuto then cut in to ask, “No, that’s not what he said. He said it was at 9%. It would eventually get to 9% a little over a year after that. But the fact of the matter is it wasn’t 9%. So, if I can’t trust him quoting data in real-time, why should I believe what he’s talking about now?”
https://www.youtube.com/watch?v=9r5FW1babZA&ab_channel=FoxBusiness
more
https://www.breitbart.com/clips/2024/05/17/white-house-on-bidens-9-inflation-claims-we-had-9-inflation-soon-after-he-took-office-the-factors-were-there/