But, in an effort to shirk responsibility for rising inflation in his country, Pres. Biden told the AP that the U.S. “is in a strong position than any nation” to tackle inflation – and that inflation is higher in “every other” major industrial country:
“[W]e’re in a stronger position than any nation in the world to overcome this inflation. It’s bad. Isn’t it kind of interesting?
“If it’s my fault, why is it the case in every other major industrial country in the world that inflation is higher? You ask yourself that? I’m not being a wise guy. Someone should ask themself that question. Why? Why is it?”
However, Biden’s claim is not even close to being factual.
As Fox Business reports, several other major industrial countries currently have lower inflation:
“The latest figures on inflation for these countries indicate the following: Germany at 7.9%, France at 5.2%, Japan at 2.5%, India at 7.04%, Canada and Italy at 6.8%, and Saudi Arabia at 2.2%. Meanwhile, data released last week showed that U.S. inflation rose in May to a four-decade high of 8.6%.”
“There’s no solace that inflation is higher around the rest of the world, that gas prices are higher everywhere else in the world. It doesn’t matter. It’s much too high here and this bill is going to help bring down inflation, at least marginally.”