Former President Donald Trump spoke about inflation rates during the Biden Administration at a press on Friday outside the NYC hush money trial.
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NewsTranscript
00:00 So I just want to mention right here, Biden made a claim that inflation under Trump was
00:07 9%.
00:08 When it wasn't, it was a tiny fraction, it was 1.4% and actually going down.
00:15 We had essentially almost no inflation, but we had 9% inflation and that's a fake number
00:21 because not everything was included with Biden.
00:25 And if you add it all up, I think it's a 50% inflation tax.
00:28 I call it the Biden inflation tax.
00:31 So he lies and he lies about everything, including his golf game, because he can't hit a ball.
00:36 He can't hit a ball 100 yards.
00:40 Lies about everything, but he came out and I saw that this last couple of days, he was
00:46 talking about the Trump inflation was 9%.
00:48 No, his inflation was 9%.
00:51 That's a tax on the American people due to gross incompetence.
00:55 And it was all started because of his energy policies, his stupid green new deal energy
01:00 policies.
01:02 And you wait and see if we don't win this nation, this nation is finished.
01:07 You wait and see what would happen because all of that stuff will be closed up.
01:12 He let a lot of my energy policies go through because energy was starting under his, what
01:18 they were doing, starting to go up so high.
01:20 So he let he let a lot of them continue, including the drilling, because the prices were going
01:26 so high for gasoline and energy.
01:30 And now he comes out and he actually says, I guess with a straight face, but I'm not
01:35 sure he knows what he's saying anyway, that it was 9% under Trump.
01:40 So at least the New York Post and I hear the Wall Street Journal and a couple of others
01:44 did correct it.
01:45 Now, it was 1.4.
01:46 It was actually lower than that.
01:47 We included everything.
01:48 They didn't include everything.
01:51 They took some of the worst categories and didn't include them in the 9%.
01:58 So it's 9% is actually much higher than that.
02:01 But it's a tax over a four year period of more than 50%.
02:07 And I call it the inflation tax, the Biden inflation, inflation tax.