Joe Biden keeps on lying about the economy. Today, he claimed costs are “lower” as a result of “Bidenomics.”
Absurd, and our expert fact checkers at FactCheckBiden.com are having none of it. Check out their most recent fact check on how costs are NOT “lower” under Joe Biden.
Despite his claim to the contrary earlier today, costs are not “lower” under Biden. In fact, “Bidenomics” has led to a 16.6 percent increase in everyday costs for hard working Americans.
- Americans are suffering from the lasting effects of Biden’s historically high inflation, with many unable to pay bills, save for retirement, or afford rent.
- On a year-over-year basis, inflation under Biden has averaged 6.2 percent – more than double the level of inflation seen under any of the last four presidents.
- June’s Consumer Price Index is more than twice the rate it was when Biden took office.
- Americans are increasingly borrowing to cover daily expenses, finding their regular income is no longer enough to make ends meet.
- Nearly 25 million Americans are behind on their credit cards, auto loans, or personal loans – a number not seen since 2009.
- If Biden wanted lower wages and higher costs, his “Bidenomics” is working.
