“This is the lie that got us inflation.”
“This is the lie that got us inflation,” Breitbart Economics Editor John Carney said in response to President Joe Biden’sCarneyon Larry Kudlow’s eponymously named Fox Business show on Wednesday following Biden’s first press conference after Tuesday’s midterm elections. Kudlow opened the discussion by inviting a fact-check of Biden’s claims about the state of the economy.
“This is the lie that got us inflation,” Carney countered. “They said the economy was in ruins. We needed trillions of new spending in order to rescue the economy—when we were already coming back! The fact that they’re still telling me this lie makes me very glad that the Republicans captured at least one [chamber] of Congress because we can put a stop to the overspending that this lie generated through the inflation.
“There are five countries in the world that have lower inflation rates than ours,” Moore said. “And so many of these other countries are pegged to the dollar. So, when we have inflation, they have inflation too. One and a half percent inflation when Trump left office, eight and a half percent inflation [now] — that should be the close of the argument.”
“This is a deep lie because one of the reasons it is an international problem is [because all these countries] followed the same playbook,” he explained. “They all adopted this ‘we need to just spend, spend, spend’ [agenda], and that’s why it’s an international problem. It doesn’t excuse the Biden administration. And then he claims, ‘Oh we’re doing better.’ Well yeah, we’re doing better because we tightened earlier than other countries. They waited too long.
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