Not Okay: Biden’s Demonstrably False Claim in Softball Yahoo! Finance Interview

May 17th, 2024 4:43 PM

Despite receiving a flattering question from an interviewer, President Joe Biden still faceplanted in his response. 

During a May 14 interview with Yahoo! Finance, Biden falsely claimed that inflation had been wildly higher under his predecessor. His interviewer, who had promoted Bidenomics in his question, did not correct Biden. “I think inflation has gone slightly up. This was at 9% when I came in and it's now down about 3%,” Biden astonishingly said. 

But it was not.

In fact, inflation in January 2021 stood at only 1.4% but skyrocketed under Biden’s watch, reaching an average of 5.5% from February 2021 to April 2024.

To make matters more absurd, Biden made this demonstrably false statement in response to a misleading question flattering his economic record. 

The interviewer, Yahoo Finance Executive Editor Brian Sozzi, entirely failed to mention the impact of COVID-19 shutdowns while giving Biden credit for creating 15 million jobs: “Mr. President, over 15 million jobs have been created under your watch, the unemployment rate under 4% for 27 straight months, the stock market at a record high. Why don't households feel wealthy right now?”

While Biden chose to lie about inflation in response to this easy question, the fibs didn’t stop there. 

The 81-year-old president also told Yahoo! Finance that wages were outpacing inflation, claiming, “But the fact is that I think people are just uncertain and that's why we got to be steady, stay the course and continue to produce these incredible jobs and the job—and by the way the pay for the jobs are, are outpacing the inflation rate they pay.”

Real wages have actually fallen under Biden. Americans’ median weekly real earnings have declined from $373 in the first quarter of 2021 to $365 in the first quarter of 2024.  

ICYMI: Bidenomics after 39 Months: Six Charts the Media Don’t Want You to See

The White House has struggled to spin the president’s ludicrous statements as more and more bad economic news comes in. 

During the May 16 edition of Your World with Neil Cavuto, White House Economic Adviser Jared Bernstein wildly ducked and dodged when confronted with Biden’s claims of taming 9% inflation. 

See More: White House Economic Adviser Jared Bernstein Can’t Defend Biden

Biden’s brief but disastrous Yahoo! Finance interview came the same day as the news that inflation had increased 0.5% in April, exceeding expectations.  

Conservatives are under attack. Contact ABC News at (818) 460-7477, CBS News at (212) 975-3247 and NBC News at (212) 664-6192 and demand they tell the truth about the Bidenomics disaster.