President Joe Biden gave a speech in Springfield, Virginia about the state of the economy. The president criticized the Republican party arguing that their proposals would lead to high inflation.
During his speech, he said that the GOP is not what it once used to be.
Biden stated: “This ain’t your father’s Republican Party. This is a different breed of cat, as they say.”
“They campaigned on inflation. They didn’t say if elected they planned to make it worse,” he added.
Furthermore, President Biden told his supporters that the U.S. is not in a recession.
BIDEN: "They've been telling me since I got elected we're gonna be in a recession…they were wrong!" pic.twitter.com/lOMnh8vEMZ
— Townhall.com (@townhallcom) January 26, 2023
“Analysts were saying by the end of the year there would be a recession, then suddenly getting angry and loud, every time we’ve gone, we’ve gotten better. They were wrong,” he said.
Biden’s claim that the U.S. economy has gotten better is false.
According to the Wall Street Journal (WSJ), the economy has grown much slower in 2023 than 2022 due to rising interest rates and high inflation.
Additionally, the Gross Domestic Product (GDP) of the U.S. has gradually decreased since 2021. Inflation has also gotten significantly worse under the Biden administration.
Actual/raw year-over-year change in GDP/economy:
5.7% in Q4 (Oct-Dec) of 2021.
3.6% in Q1 (Jan-March) of 2022.
1.7% in Q2 (April-June) of 2022.
1.9% in Q3 (July-Sep) of 2022.
0.95% in Q4 (Oct-Dec) of 2022.
Meanwhile, inflation became worse in the latter part of 2022: pic.twitter.com/4Tj1dM97EF
— Yossi Gestetner (@YossiGestetner) January 26, 2023
The president emphasized that the U.S. could lead the world in manufacturing. Biden claimed he was criticized for focusing “too much” on America.
BIDEN: "Where in the hell is it written that says America can't lead the world in manufacturing again? Where is that written? I don't know where it's written. It's not gonna be on my watch!" pic.twitter.com/s4MdlYJtR4
— Townhall.com (@townhallcom) January 26, 2023
Then, Biden furiously spoke about drug prices in the nation.
Joe Biden goes on an angry rant about drug prices. pic.twitter.com/tkKidpdOaq
— Townhall.com (@townhallcom) January 26, 2023
Moreover, by attempting to attack the former president over debt, Biden completely humiliates himself.
BIDEN: "No president added more to the debt in four years than my president." pic.twitter.com/lcDNpUGDOg
— Townhall.com (@townhallcom) January 26, 2023
“No president added more to the debt in four years than my president,” he said.
The president later claimed that he “misspoke.”
Joe Biden’s presidency has been summarized by his gaffes and his Freudian slips. As such, Biden’s use of the words “my president” and his failure to correct his statement have caused others to ask whether the president’s cognitive abilities are up to the task.
Furthermore, the president seemed to misname a Democratic congressman who was in the audience during his speech.
In a reference to Rep. Don Beyer (D-VA), Biden asked, “where’s Doug the congressman?” “He’s around here somewhere,” the president added.
Inflation has risen by 9% since Joe Biden became president.
