Joe Biden took gaslighting to an entirely new dimension today during remarks to brag about the recovery of U.S. supply chains during his administration tenure.
As incredible as it sounds, Joe Biden actually claimed Thanksgiving food prices were the fourth lowest in history despite the astronomical prices we pay at the grocery store. This is economic gaslighting in the extreme as the inflationary data from the Bureau of Labor and Statistics proves.
First, here is the claim by Joe Biden:
See below for a chart of food and energy price increases since Biden took office.
SOURCES: U.S. Bureau of Labor Statistics, “Employment, Hours, and Earnings from the Current Employment Statistics Survey (National).” U.S. Bureau of Labor Statistics, “Consumer Price Index.” U.S. Bureau of Labor Statistics, “PPI Commodity Data.” U.S. Bureau of Labor Statistics, “Consumer Price Index News Release.”
Since President Joe Biden took office:
- Inflation surged to the highest level in over 40 years. Despite slowing their rise lately, consumer prices are up nearly 17.1% overall. Gasoline is up 50.3%.
- Average weekly earnings haven’t kept pace with prices. After adjusting for inflation, “real” weekly earnings dropped 3.9%.
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The claim by Joe Biden is so over-the-top incredible, it was noted by Senator Rick Scott of Florida.
