• July 24, 2024

Government Data Shows Inflation Trending Down During Trump’s Final Year — Spiked to Record Highs as Soon as Biden and Democrats Took Over

 Government Data Shows Inflation Trending Down During Trump’s Final Year — Spiked to Record Highs as Soon as Biden and Democrats Took Over

The Inflation rate was trending down for months before Donald Trump left office.

Former Trump advisor Steve Cortes broke down the Biden-media lies on inflation this morning.

Inflation rose ONLY AFTER Joe Biden and Democrats took over.

The Biden Inflation explosion in chart form… pic.twitter.com/gfeCBr8WNh

— Steve Cortes (@CortesSteve) March 11, 2022

If inflation was due to Russia then peer countries would see similar inflation. They’re not.

America’s Inflation — far worse than peer countries, and caused directly by Biden.

my article with charts:https://t.co/EeCf9yyhVbpic.twitter.com/GBCcClpxVh

— Steve Cortes (@CortesSteve) March 11, 2022

The ACTUAL US inflation rate minus food and energy hit 19.75% in February.

Another Biden record.

Look at this chart!!

Inflation in the US less food and energy hit 19.75% in February… and no this is not shadowstats, this is published by St Louis Fed… and feel free to compare where we were in the 1970s compared to now… pic.twitter.com/XZc6MHemNn

— Wall Street Silver (@WallStreetSilv) March 11, 2022

What is not being reported is that inflation was not only low during the Trump administration but it was TRENDING DOWN for half a year before he left office.

We can also see this in a White House chart that was released on Friday.

About half of the year-over-year headline inflation was due to energy, vehicle-related price increases, and pandemic-affected services. 21 percent was due to energy alone. 5/ pic.twitter.com/RtAlQ5VeHq

— Council of Economic Advisers (@WhiteHouseCEA) March 10, 2022

So today when Joe Biden said spending has nothing to do with inflation — He was either lying or too dumb to understand what is going on.

Biden Blames Inflation on Putin: “I’m Sick of This Stuff! Americans Think the Reason For Inflation is Government Spending More Money, Simply Not True!” (VIDEO)

Source: The Gateway Pundit

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