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.
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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.
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America’s Inflation — far worse than peer countries, and caused directly by Biden.
my article with charts:https://t.co/EeCf9yyhVb pic.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
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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
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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.
Source material can be found at this site.
