Chinanews. com, February 4 th, "Am I responsible for inflation? No. " Recently, US President Biden said that he "does not take responsibility for inflation in the United States" because his remarks that the problem "already existed" when he took office caused many controversies. Some American media even claimed that he "told three big lies in 20 seconds".
On February 3, local time, Biden delivered a speech on the January work report of the United States in Washington. A reporter asked him, "Are you responsible for inflation?"
Biden gave a negative answer. He said, "Do you remember the financial situation when I came here? A large number of jobs have been lost and inflation is increasing. We didn’t make a decent thing here. We are in real economic difficulties. This is why I won’t (be responsible for this), thank you. "
With that, he left the scene smartly.
Biden fabricated inflation data, saying that soaring prices "already exist" to avoid accusations — — New York Post published an article on this topic that day, refuting Biden’s statement with data.
Image source: New York Post report screenshot
The report quoted the consumer price index of the US Bureau of Labor Statistics as showing that when Biden took office in January 2021, the inflation rate was only 1.4%, and then it soared to the highest level since the early 1980s during his tenure. Before Biden’s first year in office, the inflation rate had never exceeded 4% since 1991.
In another article, New York Post even pointed out directly that Biden told three "big lies" in 20 seconds. "Biden’s economic lies show that he is either a deceived narcissist or a complete liar."
According to The Hill, in August 2022, Biden publicly stated that the inflation rate in the United States was zero in July. "Although the prices of some things went up, the prices of other things dropped by the same amount. People are suffering, but last month the inflation rate was really zero. " This remark earned him the title of "liar of the year" by netizens.
As for Biden’s complacency due to US employment data, the US media pointed out that the United States did increase 517,000 jobs in January 2023, more than twice as much as expected. But this is not necessarily good news for inflation, and it reflects that the sharp interest rate hike by the Federal Reserve failed to solve the problem — — It may prompt it to raise interest rates further, reduce investment and trigger economic recession.
"No one would have thought of such a terrible number!" Seema Shah, chief global strategist of Principal Asset Management, an asset management company, said in a report on the 3rd. "When there is such explosive economic news, the Fed will not stop raising interest rates and consider cutting interest rates."
Biden’s remarks also caused dissatisfaction among netizens. Some people pointed out that "Americans are poorer than when Biden took office, inflation has destroyed the savings of millions of people, and real wages have fallen at the fastest rate in 40 years. In fact, most Americans say that they are worse off under Biden’s leadership, but Biden is not helping, but bragging. "
Others sarcastically said, "When people have to do two jobs to survive, yes, there are more jobs."